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Arrow Electronics To Appoint Michael Long As CEO
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Long will succeed William E. Mitchell who will remain as executive chairman through 31 December 2009.
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Tuesday, March 03, 2009:
Melville-based Arrow Electronics, Inc., an electronic components distributor, intends to appoint Michael J. Long as its chief executive officer at the company’s annual meeting on 1 May 2009. Long will succeed William E. Mitchell who has served as chief executive officer since 2003. Mitchell will remain as executive chairman through 31 December 2009, to ensure a seamless transition. Mitchell has been chairman since 2006.
“Best-in-class companies operate with solid succession plans in place so as to ensure their continued long-term success,” said Mitchell.
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“Arrow’s board of directors and I have been engaged in a long-term succession planning process, and this announcement represents the next logical step in that plan. Succession planning is a critical part of every manager’s responsibility at Arrow, and we make talent development a key part of the fabric of Arrow.”
An 18-year veteran of Arrow, Long has served as president and chief operating officer and a director of the company since March 2008, with responsibilities for all of the company’s business operations, including Arrow’s Global Components and Enterprise Computing Solutions groups. He has also overseen the enterprise resource planning (ERP) platform initiative being implemented throughout the company.
“Mike’s commitment to driving profitable growth and talent development and his outstanding record of achievement have been critical to Arrow’s strong financial and market position,” Mitchell said. “His solid leadership in our global operations and success in delivering on Arrow’s strategic initiatives will ensure the company will continue its leadership role in our industry, creating growth opportunities for our business partners and increasing shareholder value.”
Long previously served as senior vice president of Arrow and president of the company’s Global Components business and, before that, as president of its Global Enterprise Computing Solutions business.
“Arrow is a strong company with tremendous growth opportunities thanks to the leadership of Bill Mitchell,” said Long. “I look forward to building upon Arrow’s solid foundation to provide outstanding value to our customers, suppliers and shareholders.”
Long holds a bachelor’s degree in business administration from the University of Wisconsin. He serves on the board of AmerisourceBergen and is a member of the board of trustees of the Denver Zoo.
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