Avnet Technology Solutions Appoints Serrano Vice President of Finance

Avnet Technology Solutions, the IT solutions distribution leader and operating group of Avnet, Inc. (NYSE: AVT), today named Cookie Serrano as vice president of finance, Avnet Technology Solutions, Americas. Serrano joins Avnet with more than 20 years of experience in the finance and accounting fields, having worked for companies such as Goodrich Corp., Motorola and U.S. Foodservice Corp. in various financial management positions. Serrano reports to Rusty Murdaugh, group finance officer, Avnet Technology Solutions, Global.

Cookie Serrano named vice president of finance, Avnet Technology Solutions, Americas. (Photo: Business Wire)

As vice president of finance, Serrano will manage the finance teams that support Avnet Technology Solutions in the U.S. and Canada. Her leadership skills and financial experience will be applied to improving business practices and managing specific areas of accounting and finance such as planning and forecasting, as well as internal controls and compliance.

“Cookie has a diverse background and vast knowledge in the financial field, having worked in several industries,” said Murdaugh. “That diverse background, coupled with her leadership skills, will be crucial to the success of our company in the ever-changing technology market.”

Prior to joining Avnet, Serrano served at Goodrich Corp., a global supplier of systems and services to the aerospace and defense industries. As vice president of finance, she was a key partner to operations, engineering and support teams in driving improved business performance. She was also with Motorola for more than 10 years serving in various financial roles. She holds a Bachelor of Science degree in accounting and an MBA from Arizona State University.

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About Avnet Technology Solutions

As a global IT solutions distributor, Avnet Technology Solutions collaborates with its customers and suppliers to create and deliver effective solutions that address the business challenges of their end-user customers locally and around the world. For fiscal year 2010, the group served customers in more than 70 countries and generated US $8.19 billion in annual revenue. Avnet Technology Solutions (www.ats.avnet.com) is an operating group of Avnet, Inc.

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 in more than 70 countries worldwide. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers by providing cost-effective, value-added services and solutions. For the fiscal year ended July 3, 2010, Avnet generated revenue of $19.16 billion. For more information, visit www.avnet.com.

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