Avnet Recognized for the Fifth Consecutive Year as No.1 Electronics Wholesaler in Fortune's "World's Most Admired Companies

 Ranked No.1 for Exceptional Efforts and Performance Overall in the Wholesalers: Electronics and Office Equipment Category

Phoenix, March 5, 2013 -- Avnet, Inc. (NYSE:AVT), a global value-added technology distributor, was recognized on Fortune magazine's 2013 "World's Most Admired Companies" list. Avnet placed No. 1 for the fifth year in a row in the Wholesalers: Electronics and Office Equipment category. Fortune continues to acknowledge Avnet as a leader in people management, social responsibility, quality of management, and quality of products/services.

"We are honored to be number one in this category for the fifth year in a row," said Rick Hamada, chief executive officer of Avnet, Inc. "Avnet's ranking onFortune’s list of 'World’s Most Admired Companies' is very exciting and noteworthy recognition for our team - who consistently focus on accelerating the success of our partners. Our top position on this prestigious list helps reinforce the culture and values we respect, as well as the key strategies we are committed to in driving Avnet's long–term value creation."

Fortune's rankings, described as the "definitive report card on corporate reputations," are based on a survey of executives, directors and analysts who are asked to rate companies in their own industry on specific criteria from investment value to social responsibility. Only the best are listed -- a company's score must rank in the top half of its industry survey to be on the "most admired" list. For more information about the Fortune list of "World's Most Admired Companies," visithttp://www.fortune.com.

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Avnet Key Facts

  • Exchange: NYSE
  • Founded: 1921 (by Charles Avnet)
  • CEO: Bill Amelio
  • Global Headquarters: Phoenix, Arizona
  • Ranked #102 on the FORTUNE 500 in 2016
  • Named to the FORTUNE “World’s Most Admired Companies®” 2016 list, 10th year in a row
  • 100,000+ customers worldwide
  • 18,000+ employees
  • 800+ suppliers
  • 300+ locations

 

Why Choose Avnet?

  • Avnet is an efficient and cost-effective sales and marketing channel helping suppliers reach a broad base of customers
  • Avnet’s state-of-the-art logistics system manage a high volume of transactions and complex information flows to ensure accurate and timely product delivery
  • Avnet is an efficient manager of more than 300,000 unique parts in the technology supply chain
  • Avnet’s value-added solutions for design chain management help customers reduce cycle time and lower costs
  • Avnet’s experienced technical customer support teams ensure the highest quality solutions and product are utilized by the customer