William Chu Appointed President of Avnet Technology Solutions, Asia Pacific



William Chu Appointed President of Avnet Technology Solutions, Asia Pacific

Chu Will Succeed KP Tang, Who Will Retire Dec. 30, 2011

October 18, 2011 – Tempe, Ariz., USA – Avnet Technology Solutions, the IT solutions distribution leader and an operating group of Avnet, Inc. (NYSE:AVT) today named William Chu president of its Avnet Technology Solutions, Asia Pacific, operations. Chu will be responsible for the strategic direction and profitable growth of Avnet’s value-added IT solutions distribution business in the region, which encompasses Australia, New Zealand, China, Hong Kong, India and the ASEAN countries. Chu will succeed KP Tang, who will assist with the leadership transition before retiring on December 30, 2011. Chu will report to Phil Gallagher, president, Avnet Technology Solutions, Global. Chu has more than 21 years experience in the IT industry. He joined Avnet in 2007 with its acquisition of Azure Technologies, an IBM systems distributor in Malaysia and Singapore. He was named vice president and general manager of Avnet Technology Solutions, ASEAN, in 2007, overseeing the company’s expansion into Indonesia and Vietnam. In 2008, he won the Avnet Employee Engagement Champion award for receiving the highest engagement index in Asia, and in 2009 he won the prestigious Avnet Chairman’s Award. Under Chu’s tenure, Avnet Technology Solutions, ASEAN’s revenue has increased 400 percent.

“Today, Avnet Technology Solutions provides the broadest global reach among IT solutions distributors. We have grown significantly in Asia Pacific, reaching $1.5 billion in revenue in just over a decade,” said Gallagher. “With his business acumen, knowledge of the IT industry and proven ability to grow organizations profitably in emerging markets, Chu has the experience and vision to lead Avnet Technology Solutions, Asia Pacific, as we continue to invest in the region in support of our suppliers, partners and customers.”

Prior to joining Azure, Chu worked for IBM Singapore Pte. Ltd. as a regional project manager. He holds a bachelor’s degree in electrical engineering from the National University of Singapore and a Master of Business Administration in accounting from Nanyang Technological University. He will continue to reside in Singapore. 

“Avnet’s global scale, financial strength and relationships with the world’s leading IT companies, coupled with our market-led approach and expertise across date center technologies, IT services and vertical markets, make the company unique in the industry,” said Chu. “I look forward to leading this innovative, experienced team as we continue to grow throughout the Asia Pacific region.” 

In his six-year tenure as regional president, Tang played a central role in Avnet Technology Solutions’ expansion into China, India and the ASEAN countries, and he was instrumental in broadening the regional linecard to include products and services from the world’s foremost technology suppliers.

“There is tremendous opportunity for growth in Asia Pacific, and the foundation we have built in the region as a value-added IT solutions distributor will serve Avnet well,” said Tang.  “As a member of my staff, Chu provided insightful counsel and proved himself an astute business leader. With a strong record of financial performance, relationship building and team success, he is the right person to lead the organization to even greater success and prosperity in the future.”

“I consider myself fortunate to have had the opportunity to work with and learn from Tang,” said Gallagher. “His knowledge of the IT industry and his ability to build a successful business in a diverse region has allowed Avnet Technology Solutions to expand its global scale and scope while capitalizing on unique opportunities within local markets. He has been an excellent leader during our expansion in Asia Pacific.”

About Avnet Technology Solutions
As a global IT solutions distributor, Avnet Technology Solutions collaborates with its customers and suppliers to create and deliver services, software and hardware solutions that address the business needs of their end-user customers locally and around the world. For fiscal year 2011, the group served customers in more than 70 countries and generated US $11.5 billion in annual revenue. Avnet Technology Solutions (www.ats.avnet.com) is an operating group of Avnet, Inc.

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.

Media Contact: 
Michael Costigan
Vice President, Marketing and Business Innovation
Avnet Technology Solutions Asia Pacific
Tel: +61 2 8877 0751
Email: Michael.costigan@avnet.com

EASTWEST PR for Avnet Technology Solutions 
Melinda Ilagan/ Laurent Decosse 
Tel (65) 6222 0306 
Email avnet@eastwestpr.com


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