Avnet,
Inc. (NYSE: AVT),
a leading global technology distributor, announced today that its Board
of Directors has nominated Avid Modjtabai, senior executive vice
president of Wells Fargo & Company and head of its Consumer Lending
Group, to stand for election at the company’s Annual Meeting of
Shareholders currently scheduled for November 6, 2014.
Avid Modjtabai, Senior Executive Vice President, Head of Consumer Lending Group, Wells Fargo & Company (Photo: Business Wire)
Ms. Modjtabai is a 21-year veteran of Wells Fargo where she has served
in a number of leadership roles. Prior to her current role leading Wells
Fargo’s home lending, auto lending and consumer credit businesses, she
was the chief information officer and head of the Technology and
Operations Group. Ms. Modjtabai also has served as director of human
resources, led the Internet Services Group and held management positions
in the consumer deposits and investment groups. Before joining Wells
Fargo, she was a consultant with McKinsey & Company where she focused on
strategy initiatives in financial services.
“Avid’s extensive leadership experience in the financial services
industry has equipped her with skills that are highly valued in today’s
business environment,” said William
H. Schumann, III, chairman of the board of Avnet, Inc. “She has a
proven record of driving business transformation that delivers tangible
business results.”
She serves on the board of trustees for The Branson School and is an
advisory member of the Columbia Business School Social Enterprise
Program and Stanford Center on Longevity.
About Avnet
Avnet, Inc. (NYSE:
AVT), a Fortune 500 company, is one of the largest distributors of
electronic components, computer products and embedded technology serving
customers globally. Avnet accelerates its partners' success by
connecting the world's leading technology suppliers with a broad base of
customers by providing cost-effective, value-added services and
solutions. For the fiscal year ended June 28, 2014, Avnet generated
sales of $27.5 billion. For more information, visit www.avnet.com.
(AVT_IR)
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