Avnet Names Interim CEO As Hamada Steps Down

Effective immediately, Avnet board member William Amelio takes over as CEO on an interim basis, replacing Rick Hamada.

PHOENIX — Global technology distributor Avnet announced Monday that William (“Bill”) Amelio, a member of Avnet’s board of directors, has been named as interim CEO of the company, effective immediately.

Amelio brings more than 35 years of management and industry experience to his new role having served in senior positions at global publicly traded companies, and has spent most of his career managing global technology enterprises. Amelio is replacing Rick Hamada, who is stepping down from his position at the company and on the board of directors.

"Bill’s extensive experience in international business operations, corporate leadership and management will help steer the company toward success in a rapidly changing industry," said William Schumann, Avnet board chairman. "His proven expertise will be critical in accelerating Avnet’s growth, driving an enhanced execution focus and implementing management systems to promote greater accountability."

"I look forward to working with the management team and all of Avnet’s talented employees worldwide as we strive to achieve profitable growth for shareholders and operational excellence for customers while enhancing the company’s winning culture to the benefit of employees," Amelio said.

Amelio was the president, CEO and a director of CHC Group Ltd., an international oil-field services company, from 2010 to 2015. From 2005 to 2009, he served as president and CEO of Lenovo, a multinational Fortune 500 technology company, and was previously a regional senior vice president and president, Asia-Pacific and Japan for Dell Inc. He began his career with the Microelectronics Technology Division of IBM in 1979 and later became the general manager worldwide operations of the Personal Computer Division. Amelio also previously served on the board of directors of National Semiconductor.

"On behalf of the Board, I want to thank Rick for his service and the many important contributions he has made during his 32 years with Avnet," continued Schumann. "We wish him the best in his future endeavors."

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