Avnet Names Lou Lutostanski as Vice President, Internet of Things
March 28 2017 - 11:00AM
Business Wire
Appointment underscores Avnet’s continued IoT
leadership and growth strategy
Avnet (NYSE: AVT), a leading global technology distributor,
today announced the promotion of Lou Lutostanski to the role of
vice president of Internet of Things (IoT), effective immediately.
Lutostanski will report directly to Pete Bartolotta, chief
transformation officer for Avnet. In his new role, Lutostanski will
strengthen Avnet’s IoT strategy and further Avnet’s reach to
makers, entrepreneurs, startups and other IoT innovators, enabling
them to bring their IoT solutions to market, from idea to
production.
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Avnet announced the promotion of Lou
Lutostanski to the role of vice president of Internet of Things.
(Photo: Business Wire)
“Leading the development of IoT is a core part of Avnet’s
strategy for success. Lou brings decades of experience and industry
knowledge to this important role,” said Pete Bartolotta, chief
transformation officer for Avnet. “The ability to reach a wider
base of engineers earlier in the design process will be a key part
of our future growth. Lou will work across all of Avnet to identify
and create opportunities which further leverage our capabilities
and address the rapidly evolving landscape of IoT.”
Avnet continues to implement a robust strategy to fully
capitalize on the high-growth potential of IoT. According to a
recent McKinsey report, IoT has a potential economic impact of up
to $11.1 trillion a year by 2025. IDC predicts that IoT will be
comprised of nearly 30 billion connected devices by 2020, four
times the global population.
“Avnet is in the driver’s seat of the Internet of Things,” said
Lutostanski. “As one of the world’s largest technology
distributors, Avnet is in a unique position to overcome issues of
scale and time-to-market pressures faced by our customers. We will
invest in reference designs and high ROI integrated solutions
across the device, gateway, network and cloud which take IoT to the
next level. I look forward to this exciting new role, and I am
committed to supporting our customers through every stage of the
IoT product lifecycle.”
Lutostanski’s appointment marks Avnet’s latest move to drive the
future of IoT.
In October 2016, Avnet completed its acquisition of Premier
Farnell’s element 14 community, a digital platform that includes
430,000 members in 36 countries. One month later, in November 2016,
Avnet acquired Hackster.io – an online community that helps users
across the globe learn how to design, create and program
Internet-connected hardware. These efforts and others have expanded
Avnet’s reach to include large, new audiences of engineers,
innovators and entrepreneurs. In addition, Avnet continues to
partner with companies like AT&T and IBM to maximize its
development of IoT solutions.
Lutostanski joined Avnet nearly 30 years ago as a system sales
manager. During the next 13 years, he gained increasing
responsibility as a field applications engineer, sales manager,
branch manager, and vice president and area director. Lutostanski
later joined Motorola where he served as vice president of global
sales for the HP account, then the Motorola account, and on to vice
president of sales and marketing for the Americas. Since his return
to Avnet in 2013, Lutostanski has served as vice president of
electronic component sales for the Americas and vice president of
demand creation for the Americas. Lutostanski graduated from Purdue
University with a bachelor of science in electrical engineering and
an MBA from Southern Illinois University - Edwardsville.
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Avnet disclaims any proprietary interest in marks other than its
own.
About Avnet
From idea to design and from prototype to production, Avnet
supports customers at each stage of a product’s lifecycle. A
comprehensive portfolio of design and supply chain services makes
Avnet the go-to guide for innovators who set the pace for
technological change. For nearly a century, Avnet has helped its
customers and suppliers around the world realize the transformative
possibilities of technology. Learn more about Avnet at
www.avnet.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170328005703/en/
AvnetMaureen O’Leary,
480-643-7499maureen.oleary@avnet.comorBrodeur Partners, for
AvnetJamie Ernst, 480-308-0286jernst@brodeur.com
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