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Avnet, Inc. Avnet, Inc. (NYSE: AVT), is one of the world's largest B2B distributors of semiconductors, interconnect, passive and electromechanical components, enterprise network and computer equipment, and embedded subsystems from leading manufacturers. Serving customers in 68 countries, Avnet markets, inventories, and adds value to these products and provides supply chain management and engineering services. Avnet is uniquely positioned to serve the needs of the world's leading high-technology companies. The company's innovative and entrepreneurial spirit, coupled with the quality, depth, and breadth of its knowledge and relationships, assures customers and suppliers that they have chosen the right partner to help them succeed. Avnet's global scope and economies of scale, talented employees and commitment to value-based management ensure that it will continue to be a leader in the technology industry. Its 10-member board of directors includes company Chairman and CEO Roy Vallee, who joined Avnet in 1977. He held sales and management positions of increasing responsibility, among them President of the Computer Marketing operating group, before becoming board chairman and CEO in 1998. In 2003, the company was ranked number 206 on the Fortune 500. Avnet was also named to Fortune's list of Top 50 Fastest Growing Companies in 2002. Earlier this year, Fortune honored Avnet as one of the Most Admired Companies in its industry. Avnet, Inc. is composed of two operating groups: Avnet Electronics Marketing (EM) is a global distributor of electronic components such as semiconductors, interconnect, passive and electromechanical components and RF & microwave devices. Avnet Technology Solutions (ATS) is an operating group of Avnet, Inc., merging Avnet Applied Computing and Avnet Computer Marketing. Applied Computing distributes embedded computing products. Computer Marketing has both a value-added distribution unit and an IT architect unit, focusing on enterprise computing products and systems. Avnet.com (Opens New Window) Source: Avnet, Inc.
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