| Flextronics CFO and EVP Paul Read Elected to Ingram Micro Board of Directors |
| SANTA ANA, Calif., Aug. 28, 2012 /PRNewswire/ -- Ingram Micro Inc. (NYSE: IM), the world's largest technology distributor and supply-chain services provider, today announced that its board of directors elected Paul Read, chief financial officer and executive vice president for Flextronics, to serve as an independent director, and appointed him to serve as a member of the Audit and the Human Resources Committees, all effective Sept. 1, 2012. The election of Read increases the Ingram Micro board of directors from 10 to 11."We welcome Paul to the board," said Dale R. Laurance, chairman of the board, Ingram Micro Inc. "Ingram Micro will benefit from his many years of hands-on, executive level financial experience, as well as his valuable perspective on successfully operating a complex global organization. We look forward to Paul's contribution."Read, 46, has served as chief financial officer and executive vice president for Flextronics sinceJune 30, 2008. Previously he served as the company's executive vice president of Finance for Worldwide Operations. Flextronics is a $30 billion, industry-leading, Fortune Global 500 electronics manufacturing services provider with more than 200,000 employees and operations in 30 countries. Read's financial management and operations background includes increasingly important roles at Flextronics where he has led many critical initiatives that include serving as the lead executive responsible for the integration of the Solectron acquisition. Prior to joiningFlextronics in 1995, he held various senior financial positions in the United Kingdom with Allied Steel and Wire, STI Telecommunications and Associated British Foods.Read graduated from the University of Wales as a qualified Chartered Management Accountant. About As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics, technical and financial support, managed and cloud-based services, and product aggregation and distribution. The company is the only global broad-based IT distributor, serving 145 countries on six continents with the world's most comprehensive portfolio of IT products and services. Visit www.ingrammicro.com. |
Showing posts with label distributor. Show all posts
Showing posts with label distributor. Show all posts
Tuesday, August 28, 2012
Flextronics CFO and EVP Paul Read Elected to Ingram Micro Board of Directors
Press release from Ingram Micro:
Wednesday, February 1, 2012
Optimism About Year Ahead
News release from General Electric:
31 January 2012
Construction Equipment Dealers Optimistic About Year Ahead, GE Capital Survey Reveals
77% of respondents say the best time to increase inventory levels is first half
IRVING, TX – Construction equipment dealers are looking forward to improving trends in 2012 while acknowledging the challenges facing the industry, according to survey results released today by GE Capital, Dealer Finance.
Forty percent of respondents said they expect sales to increase 3%-5% this year, while 25% said they expect sales to increase 6%-8%. A full 77% said the best time to increase inventory is within the first half of 2012.
At the same time, 57% cited slack demand for new construction – both residential and commercial – as the biggest hurdle that construction equipment distributors have to overcome this year.
Slightly more than half of respondents said improvement in the U.S. economy will have the greatest impact on the construction industry. The other important factors affecting the industry are access to credit for end users (23%) and reauthorization of the federal highway spending bill (20%).
When asked what single category of construction equipment they believe will be in greatest demand this year, 37% cited earthmoving equipment and 23% cited specialty equipment such as pavers, compactors, drills, crushers and grinders.
The full survey results are available here:http://www.gelending.com/misc/Construction_Flash_Survey_Results_1-12.pdf
To stay on top of developing trends, participants can sign up for GE Capital’s Construction Industry Research Monitor here:http://www.americas.gecapital.com/insights-ideas/industry-research-monitor
“We’re dedicated to helping our customers be successful,” said Kristi Webb, commercial leader of GE Capital, Dealer Finance. “In addition to financing, we provide construction industry insights and expertise to help dealers and end-users tackle their biggest challenges so they can thrive in the year ahead.”
The Construction Equipment Distributor Survey of 65 respondents was conducted Jan. 18-19, 2012. Respondents included a variety of construction industry participants.
About GE Capital, Dealer FinanceGE Capital’s Dealer Finance business provides commercial leases and loans ranging from $5,000 to $25 million for the wholesale and retail financing of equipment to thousands in North America in over 12 industries. With long-term relationships and dedicated channel support, Dealer Finance works with small, medium and large enterprises as well as state and local governments. From web-based application submittals to online account management, its dedicated industry professionals bring knowledge and expertise to every relationship.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visitwww.gecapital.com or follow company news via Twitter (@GECapital).
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
Forty percent of respondents said they expect sales to increase 3%-5% this year, while 25% said they expect sales to increase 6%-8%. A full 77% said the best time to increase inventory is within the first half of 2012.
At the same time, 57% cited slack demand for new construction – both residential and commercial – as the biggest hurdle that construction equipment distributors have to overcome this year.
Slightly more than half of respondents said improvement in the U.S. economy will have the greatest impact on the construction industry. The other important factors affecting the industry are access to credit for end users (23%) and reauthorization of the federal highway spending bill (20%).
When asked what single category of construction equipment they believe will be in greatest demand this year, 37% cited earthmoving equipment and 23% cited specialty equipment such as pavers, compactors, drills, crushers and grinders.
The full survey results are available here:http://www.gelending.com/misc/Construction_Flash_Survey_Results_1-12.pdf
To stay on top of developing trends, participants can sign up for GE Capital’s Construction Industry Research Monitor here:http://www.americas.gecapital.com/insights-ideas/industry-research-monitor
“We’re dedicated to helping our customers be successful,” said Kristi Webb, commercial leader of GE Capital, Dealer Finance. “In addition to financing, we provide construction industry insights and expertise to help dealers and end-users tackle their biggest challenges so they can thrive in the year ahead.”
The Construction Equipment Distributor Survey of 65 respondents was conducted Jan. 18-19, 2012. Respondents included a variety of construction industry participants.
About GE Capital, Dealer FinanceGE Capital’s Dealer Finance business provides commercial leases and loans ranging from $5,000 to $25 million for the wholesale and retail financing of equipment to thousands in North America in over 12 industries. With long-term relationships and dedicated channel support, Dealer Finance works with small, medium and large enterprises as well as state and local governments. From web-based application submittals to online account management, its dedicated industry professionals bring knowledge and expertise to every relationship.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visitwww.gecapital.com or follow company news via Twitter (@GECapital).
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
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