Avnet 2006 Annual Report Download - page 6

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as a technical specialist, Hamada rose through the ranks to become president of Avnet Technology Solutions, which
enjoyed impressive results under his leadership and is performing well above the company’s targeted business model.
As COO, Hamada takes on responsibility for Avnet Technology Solutions and Avnet Electronics Marketing, as well as
our logistics, operational excellence and information technology activities. I am increasing my focus on Avnet’s strategic
growth, people practices, financial strategies and accelerating the achievement of our company’s vision — to be the
premier technology distribution company in the world.
With 10,800 employees selling our supplier partners’ products and services in 70 countries, we have built industry
leading scale and scope and we are leveraging it. The COO’s role is global, as is mine, a partnership intended to help
Avnet reach its goals faster and outperform our competitors. We formed the Global Executive Council, comprising our
“C-level” executives and regional presidents, which meets quarterly to develop and drive Avnet’s strategies. We
unveiled a global alignment for our financial, logistics, information technology, operational excellence and human
resources support functions that will help us operate those services more efficiently while allowing the business
groups to increase the amount of time focused on growth.
Industry analysts anticipate secular market growth of approximately 7 percent over the next few years for the markets
Avnet serves. We aspire to achieve double-digit growth at the top and bottom lines. Our vision is to be the premier
technology marketing, distribution and services company in the world for our customers, suppliers, employees and
shareholders. How will we do it? Innovation. Execution. Excellence. I have been with Avnet more than 29 years, and
I have never been more optimistic about our company’s prospects. We have the knowledge, tools, products, services,
people and financial resources we need to win in the marketplace. Our global organizational structure is in place.
Profitable growth is our mantra, and we have real traction in our operational excellence and people development
initiatives. The result: economic profits and shareholder value growth. In short, we have what we need to compete
very well in FY‘07 and beyond. I hope you will come along for the ride. Thank you for choosing Avnet.
Roy Vallee
Chairman & Chief Executive Officer
Avnet’s supply
chain and design
chain solutions
help customers
reduce cycle
times and lower
costs, making
us a truly
strategic partner.
4
A GLOBAL OUTLOOK
THE FUTURE
Roy Vallee (L.) and Rick Hamada