SANTA ANA, Calif., Nov. 21, 2013 /PRNewswire/ -- Ingram Micro
Inc. (NYSE: IM), the world's largest wholesale technology
distributor and a global leader in supply-chain and mobile device
lifecycle services, today announced the appointment of Ernest
(Ernie) Park as senior executive vice president and chief
information officer, effective Dec. 2,
2013. He replaces Mario
Leone, who left the company earlier this year. Nimesh Dave, who had assumed responsibility and
oversight of the company's worldwide information and business
systems during the search for a new chief information officer,
continues his focus on driving productivity and efficiency across
the business, while helping to position Ingram Micro in the Cloud,
in his role as Ingram Micro executive vice president, global
business process and cloud computing.
In his new role, Park will be responsible for Ingram Micro's
worldwide information and business systems and will lead an
information technology organization that supports hundreds of
thousands of transactions per day through operations on five
continents. Reporting to Ingram Micro chief executive officer Alain
Monié, Park will become a member of the worldwide executive team
and officer of the corporation.
Park brings to Ingram Micro nearly 30 years of information
technology and shared services leadership experience in industries
including computer, distribution, retail and diversified
manufacturing. He has a proven record of creating business value
and driving best practices across large and complex organizations
through business and IT transformation, process re-engineering,
supply chain management, six sigma, shared service implementation,
e-business initiatives, managed services, outsourcing and
off-shoring.
Monié commented, "Ernie has an excellent track record in
transforming business performance for multi-national organizations
through technology and efficiency. His extensive background in IT
strategy and his years of successful leadership will help ensure
the continuity and successful implementation of the objectives we
have put in place to drive productivity across our core
distribution business while further executing on our strategic
initiatives in faster growing and higher margin businesses. We are
confident that Ernie will take our company to new levels of
performance for our customers, our partners and our associates and
we are fortunate to welcome him to our organization at this pivotal
period in our growth."
Park was most recently vice president and chief information
officer for 3M Corporation, where he was responsible for the
corporate-wide information technology organizations supporting a
leading diversified global technology company with operations in 72
countries and 85,000 employees. Among his many accomplishments at
3M, Park oversaw significant business and IT transformation
initiatives leveraging common business processes, standardized
master data and architecture/portfolio rationalization globally.
Prior to joining 3M in 2008, Park served as senior vice president
and chief information officer at Select Comfort Corporation since
2006. From 2000 to 2006, he served as senior vice president and
chief information officer for Maytag Corporation. He previously led
the global information technology infrastructure and shared
services applications organizations as vice president and chief
information officer of Global Business Services at AlliedSignal,
and later with Honeywell International, following AlliedSignal's
acquisition of Honeywell in 1999. Park also served in roles of
increasing responsibility at Avnet Inc. from 1980 to 1996,
culminating in his role as corporate vice president, technology
services.
Park earned both his Bachelor's degree in Mathematics and
Computer Science, and his M.B.A., from the University of California in Los Angeles. He served
on the Customer Advisory Board of Hewlett Packard, Sprint,
Cognizant and Orange, as well as on the Board of Governors for
Engineering School of St. Thomas
University.
About Ingram Micro Inc.
Ingram Micro is the world's
largest wholesale technology distributor and a global leader in
supply-chain and mobile device lifecycle services. 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.
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, including statements relating to the
expected benefits of acquisitions and the financial performance of
the combined company, 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 losses we
may 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 acquisitions and any other
acquisitions we may make, including: management's ability to
execute its plans, strategies and objectives for future operations,
including the execution of integration plans, and to realize the
expected benefits of our acquisitions; 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 our 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 seek 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 Dec. 29,
2012; other risks or uncertainties may be detailed
from time to time in Ingram Micro's future SEC filings.
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SOURCE Ingram Micro Inc.