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Avnet’s Ray Sadowski Recognized as Arizona CFO of the Year



  Avnet’s Ray Sadowski Recognized as Arizona CFO of the Year

Business Wire

PHOENIX -- November 29, 2012

Avnet, Inc. (NYSE: AVT), a leading global technology distributor, today
announced that Avnet Chief Financial Officer Ray Sadowski was selected as CFO
of the Year by the Arizona Chapter of Financial Executives International
(FEI), an association representing more than 15,000 senior finance
professionals, providing peer networking opportunities, emerging issues
alerts, personal and professional development, and advocacy services. The
awards are determined by an independent panel of distinguished judges and are
designed to recognize financial managers who have contributed to the success
of their organizations.

Ray Sadowski, chief financial officer, Avnet, Inc. (Photo: Business Wire)

Ray Sadowski, chief financial officer, Avnet, Inc. (Photo: Business Wire)

“Ray has made significant contributions to our success over the years,” said
Avnet CEO Rick Hamada. “This recognition of his vision and leadership is very
well deserved and reflects his ongoing dedication and consistent
professionalism. I’m proud and glad he's a part of our team.”

Sadowski was selected because of his role in the acquisitions of more than 65
companies, all of which have contributed to Avnet’s attaining a global
leadership role in the electronic components and computer products industries.
In addition, Sadowski and Roy Vallee, retired Avnet CEO, introduced a
value-based management initiative in 2001 that focused on delivering a minimum
12.5 percent return on capital employed and economic profit growth. The
initiative laid the foundation for Avnet’s ongoing financial performance,
including strong cash flow and market capitalization. Today, Avnet’s financial
strength, solid balance sheet and market leadership give customers and
suppliers complete confidence in Avnet’s ability to invest in long-term,
shared growth opportunities.

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 30, 2012, Avnet generated revenue of $25.7 billion.
For more information, visit www.avnet.com.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20121129005278/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50491978&lang=en

Contact:

Avnet, Inc.
Michelle Gorel, 480-643-7653
VP Public Relations & Corporate Communications
michelle.gorel@avnet.com
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