SANTA ANA, Calif., June 6, 2013 /PRNewswire/ -- To further
accelerate Ingram Micro's (NYSE: IM) global growth and
profitability plans and take full advantage of the diverse and
complementary experience, tenure and skill sets of its senior
leaders, Ingram Micro president and chief executive officer
Alain Monie announced the following
changes within the company's executive leadership team.
- Shailendra Gupta, 50,
will assume the newly created role of senior executive vice
president, Mobility. In this position, he will focus on driving
accelerated growth and profitability across the globe for this
highly strategic market, including realizing meaningful near- and
longer-term revenue and cost synergies from the October 2012 acquisition of device lifecycle
mobility leader Brightpoint, Inc. In addition to his recent role as
integration lead on BrightPoint, Gupta has spent the last six years
heading Ingram Micro's Asia
Pacific operations as senior executive vice president and
president, Asia Pacific. In this
role he has excelled at identifying and capitalizing on early
market trends that have resulted in significant revenue growth and
profitability contribution from key emerging markets including
China and India. Gupta was CEO of Tech Pacific when
Ingram Micro acquired it in 2004, its largest acquisition prior to
BrightPoint. He then joined Ingram Micro and successfully led the
seven country Tech Pacific integration. In his new global role,
Gupta will remain in Singapore and
will continue to report to Monie as a member of Ingram Micro's
executive leadership team.
- John Soumbasakis, 43,
will be promoted to senior executive vice president and president,
Asia Pacific. In his more than 10
year tenure with Ingram Micro, Soumbasakis has risen quickly
through the ranks, and currently serves as executive vice president
and president, Latin America,
where he has regularly delivered record quarterly revenues and
operating profitability for the region. He also championed and led
the efforts to rebuild the company's operations in Brazil, returning the country to strong growth
and significantly improving operating results after many quarters
of underperformance. Previously, Soumbasakis served as senior vice
president for Ingram Micro's Specialty Solutions Division in
North America, where his
responsibilities included oversight of strategy development and
execution, as well as day-to-day operations. He will be based in
Singapore and will continue to
report to Monie as a member of Ingram Micro's executive leadership
team.
- Alain Maquet, 61, will
assume the position of senior executive vice president, corporate.
In his new role, Maquet will leverage more than three decades of
experience in the IT industry to assist the company in continuing
to improve its operational excellence and further expand globally
its strategic initiatives. Maquet will also assume responsibility
for the company's Latin American operations through the end of 2013
and will provide guidance and support for the leadership transition
as discussed below. For the past four years, Maquet has served as
senior executive vice president and president, Europe. In this role, he has successfully
driven strong growth in higher margin businesses and markets,
including enterprise computing/data center, Ingram Micro Logistics
and data capture/point-of-sale, while also promoting best practices
to support profitable growth across the region. Maquet joined
Ingram Micro as managing director of France in 1993, and has served in multiple
senior leadership roles in Europe
and Latin America during his
20-year tenure. In his new role, Maquet will be based in
Miami and be responsible for
global productivity improvement. He will continue to report to
Monie as a member of Ingram Micro's executive leadership team.
- Gerhard Schulz, 50, will
be promoted to senior executive vice president and president,
Europe. Schulz currently serves as
senior vice president, central and eastern Europe, where he has been instrumental in
driving strong revenue growth and profit contribution from these
countries, particularly Germany,
the largest and most profitable country in the region. Schulz is
also credited with building the company's Pan European business,
while also playing a leading role in rapidly expanding the region's
higher value business via multiple acquisitions complemented by
significant organic growth. He joined Ingram Micro in 2000 as
general manager, Germany sales,
and quickly assumed roles of increasing responsibility throughout
his tenure with the company, including senior leadership positions
covering Germany, Switzerland, Hungary and Austria, where his accomplishments include
driving efficiencies and productivity across the businesses,
particularly within support functions. Schulz will continue to be
based in Germany and will report
to Monie as a member of Ingram Micro's executive leadership
team.
- Mike Zilis, 43, will
assume the role of executive vice president and president,
Latin America. Zilis was promoted
to his current role as executive vice president, Asia Pacific, in 2012. In this capacity, he
supports Gupta in oversight of the region's operations, while also
leading special projects for the region, including the company's
recovery program in Australia and
assisting with the integration of the company's Middle East acquisition of Aptec. Zilis joined
Ingram Micro in 2006 as senior vice president and corporate
controller, with responsibilities for oversight of financial
planning and analysis, external and internal financial reporting,
Sarbanes-Oxley Section 404 compliance efforts, long-term strategic
planning, financial due diligence and merger and acquisition work.
He will be based in Miami and will
report to Monie as a member of Ingram Micro's executive leadership
team.
Each of these changes will be effective Aug. 1, 2013, with the exception of Zilis'
assumption of responsibility for operations in Latin America, which will be effective
Jan. 4, 2014.
"These executive moves further increase the resources and focus
devoted to executing on our strategies and driving solid,
profitable growth across all of our businesses," said Monie. "We
are fortunate to have an excellent team of global leaders ready to
take increased responsibilities and I look forward to continuing to
work closely with all of our executives to deliver on our near- and
longer-term global growth, profitability and total shareholder
returns commitments."
Cautionary Statement for the Purpose of the Safe Harbor
Provisions of the Private Securities Litigation Reform Act of
1995
The matters in this press release that are forward-looking
statements are based on current management expectations. Certain
risks may cause such expectations to not be achieved and, in turn,
may have a material adverse effect on Ingram Micro's business,
financial condition and results of operations. Ingram Micro
disclaims any duty to update any forward-looking statements.
Important risk factors that could cause actual results to differ
materially from those discussed in the forward-looking statements
include, without limitation: (1) we have made and expect to
continue to make investments in new businesses and initiatives,
including acquisitions, which could disrupt our business and have
an adverse effect on our operating results; (2) we are dependent on
a variety of information systems, which, if not properly
functioning, or unavailable, or if we experience system security
breaches, data protection breaches, or other
cyber-attacks, could adversely disrupt our business and harm
our reputation and earnings; (3) changes in macro-economic
conditions may negatively impact a number of risk factors which,
individually or in the aggregate, could adversely affect our
results of operations, financial condition and cash flows; (4) we
continually experience intense competition across all markets for
our products and services; (5) we operate a global business that
exposes us to risks associated with conducting business in multiple
jurisdictions; (6) our failure to adequately adapt to IT industry
changes could negatively impact our future operating results; (7)
terminations of a supply or services agreement or a significant
change in supplier terms or conditions of sale could negatively
affect our operating margins, revenue or the level of capital
required to fund our operations; (8) substantial defaults by our
customers or the loss of significant customers could have a
negative impact on our business, results of operations, financial
condition or liquidity; (9) changes in, or interpretations of, tax
rules and regulations, changes in the mix of our business amongst
different tax jurisdictions, and deterioration of the performance
of our business may adversely affect our effective income tax rates
or operating margins and we may be required to pay additional taxes
and/or tax assessments, as well as record valuation allowances
relating to our deferred tax assets; (10) changes in our credit
rating or other market factors such as adverse capital and credit
market conditions or reductions in cash flow from operations may
affect our ability to meet liquidity needs, reduce access to
capital, and/or increase our costs of borrowing; (11) failure to
retain and recruit key personnel would harm our ability to meet key
objectives; (12) we cannot predict with certainty what loss we
might incur as a result of litigation matters and contingencies
that we may be involved with from time to time; (13) we may incur
material litigation, regulatory or operational costs or expenses,
and may be frustrated in our marketing efforts, as a result of
environmental regulations or private intellectual property
enforcement disputes; (14) we face a variety of risks in our
reliance on third-party service companies, including shipping
companies for the delivery of our products and outsourcing
arrangements; (15) changes in accounting rules could adversely
affect our future operating results; and (16) our quarterly results
have fluctuated significantly. We also face a variety of
risks associated with our recently completed acquisition of
Brightpoint, Inc., Aptec and Promark, including: management's
ability to execute its plans, strategies and objectives for future
operations, including the execution of integration plans; growth of
the mobility industry; the government contracts business, and in
new and untapped markets in geographies outside the U.S.; and other
uncertainties or unknown, underestimated and/or undisclosed
commitments or liabilities; and our ability to achieve the
expected benefits and manage the costs of the integrations of
recent acquisitions.
Ingram Micro has instituted in the past and continues to
institute changes to its strategies, operations and processes to
address these risk factors and to mitigate their impact on Ingram
Micro's results of operations and financial condition. However, no
assurances can be given that Ingram Micro will be successful in
these efforts. For a further discussion of significant factors to
consider in connection with forward-looking statements concerning
Ingram Micro, reference is made to Item 1A Risk Factors of Ingram
Micro's Annual Report on Form 10-K for the fiscal year ended
December 29, 2012 and Form 10-Q for
the fiscal quarter ended March 30,
2013; other risks or uncertainties may be detailed from time
to time in Ingram Micro's future SEC filings.
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About Ingram Micro Inc.
Ingram Micro is the world's largest wholesale technology
distributor and a global leader in IT supply-chain, mobile device
lifecycle services and logistics solutions. 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 and mobile
solutions, technical support, financial services and product
aggregation and distribution. The company is the only global
broad-based IT distributor, serving approximately 160 countries on
six continents with the world's most comprehensive portfolio of IT
products and services. Visit www.ingrammicro.com.
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SOURCE Ingram Micro Inc.