Avnet Named "World's Most Admired Company" in Its Industry by Fortune for Fourth Consecutive Year

 

March 2, 2012 - Avnet Named "World's Most Admired Company" in Its Industry by Fortune for Fourth Consecutive Year

Company Recognized for Exceptional Efforts and Performance Overall in the Wholesaler: Office Equipment and Electronics Category

PHOENIX -- Avnet, Inc. (NYSE:AVT) has been named No. 1 for the fourth consecutive year in the Wholesaler: Office Equipment and Electronics category in Fortune magazine's annual "World's Most Admired Companies" list for 2012. Avnet, a global value-added technology distributor, connects the world's leading technology suppliers with a broad base of customers around the world. In this year's Fortune list, Avnet retained the top position overall in its category and ranked first in six reputation attributes, including people management, use of corporate assets, social responsibility, quality of management, financial soundness, and global competitiveness.

"Avnet's solid performance in 2011 demonstrates the company's ability to help our customers and suppliers take advantage of growth opportunities around the globe," said Rick Hamada, chief executive officer of Avnet, Inc. "I am extremely proud of our team for receiving this recognition once again. Avnet's continued presence at the top of Fortune's list of Most Admired Companies is a testament to our employees' ability to deliver highly-valued and differentiated services that accelerate the success of the partners we serve."

Fortune's rankings, described as the "definitive report card on corporate reputations," are based on a survey of executives, directors and analysts who are asked to rate companies in their own industry on specific criteria from investment value to social responsibility. Only the best are listed -- a company's score must rank in the top half of its industry survey to be on the "most admired" list. For more information about the Fortune list of "Most Admired Companies," visit http://www.fortune.com.

About Avnet 
Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers in more than 70 countries worldwide. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers by providing cost-effective, value-added services and solutions. For the fiscal year ended July 2, 2011, Avnet generated revenue of $26.5 billion. For more information, visit www.avnet.com.

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Media contacts:

Sonia Bovio
Brodeur Partners
480-308-0281
sbovio@brodeur.com

Michelle Gorel 
Vice President, Public Relations
Avnet, Inc. 
480-643-7653 
michelle.gorel@avnet.com

 

 

Tech Data Key Facts

  • 43 years in IT distribution
  • $26.2 billion in sales for fiscal 2017
  • Publicly Traded (NasdaqGS: TECD)
  • Ranked No. 107 on the FORTUNE 500
  • 115,000+ IT reseller customers
  • 150,000+ IT products sold
  • Operations in 40+ countries
  • 100+ countries served
  • 14,000+ employees worldwide
  • Named one of FORTUNE's "World's Most Admired Companies"

 

Why Choose Tech Data?

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  • Tech Data’s state-of-the-art logistics system manage a high volume of transactions and complex information flows to ensure accurate and timely product delivery
  • Tech Data’s value-added solutions for design chain management help customers reduce cycle time and lower costs
  • Tech Data’s experienced technical customer support teams ensure the highest quality solutions and product are utilized by the customer