Paul J. Reilly to Retire from Arrow Electronics, Inc.
03 May 2016 - 10:15PM
Business Wire
Arrow Electronics, Inc. (NYSE: ARW) today announced that Chris
Stansbury has been named senior vice president and chief financial
officer, effective immediately. He will succeed Paul J. Reilly who
is retiring from Arrow effective Jan. 31, 2017.
In his new role, Mr. Stansbury will report to Michael J. Long,
chairman, president and chief executive officer.
Mr. Stansbury has served for over 20 years in roles of
increasing responsibility, most recently as vice president and
chief accounting officer for Arrow. Previously, he held vice
president of finance roles at Hewlett-Packard and PepsiCo.
“Chris’s demonstrated track record of leadership and success
makes him the ideal executive to succeed Paul in leading our
Finance organization,” said Mr. Long. “As an important element of
our succession-planning process, Paul will continue to work closely
with Chris on an orderly transition.”
“Paul has served as a trusted advisor to me, the Board of
Directors, and the company. He has been an instrumental part of
driving the growth and success of Arrow,” Mr. Long said. “Paul has
exceptionally planned and implemented this succession process, and
he will continue to work with Chris and Arrow through Jan. 31 to
ensure a seamless transition. We wish him all the best in his
retirement ahead.”
Arrow Electronics (www.arrow.com) is a global provider of
products, services and solutions to industrial and commercial users
of electronic components and enterprise computing solutions. Arrow
serves as a supply channel partner for more than 100,000 original
equipment manufacturers, contract manufacturers and commercial
customers through a global network of more than 460 locations
serving over 85 countries.
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Arrow Electronics, Inc.Steven O’BrienDirector, Investor
Relations303-824-4544orMedia Contact:John HouriganVice President,
Global Communications303-824-4586
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