Ingram Micro continued its executive shuffle Thursday with the appointment of board member Paul Read as the company's new president and chief operating officer.
Previously, Read spent nearly 20 years with supply chain solution company Flextronics, where he most recently served as chief financial officer and executive vice president. He joined Ingram Micro's board of directors last September. In his new role as president and COO of Ingram Micro, Read will be responsible for the company's worldwide IT distribution operations and logistics support organizations.
Ingram Micro said Read's extensive background in the IT supply chain will help drive new strategic growth opportunities for the distributor. "Paul is an experienced operator and seasoned executive and we are fortunate to have him join the Ingram Micro team," said Alain Monie, chief executive officer at Ingram Micro, in a press statement. "His extensive background in the IT supply chain will help us as we strive to drive growth and greater returns across all of our business lines."
While the IT distributor's regional presidents will report to Read, he will directly report to Monie and be responsible for the IT distribution business and associated logistics support organizations.
With Read's resignation from the Ingram Micro board of directors, the company announced the election of Wade Oosterman, president of mobility and residential services and chief brand officer for Bell Canada Enterprises, as an independent director on the board.
Read's appointment is the latest in a series of recent executive moves at Ingram Micro, including the addition of several new faces at the company.
In January of 2013, Ingram announced a number of changes to its executive team. Monie was promoted from president and COO to chief executive officer, replacing former CEO Greg Spierkel.
Also in January, Ingram appointed Tom Bamrick to lead the Ingram Micro consumer electronics division, and Bashar Nejdawi was renamed the president of Ingram Micro North America Mobility.
Additionally, Nimesh Dave, executive vice president of global business process and cloud computing, has assumed the duties of executive vice president and chief information officer following the departure of former CIO Mario Leone in January.
With changes in both its business model and executive team, Ingram Micro has set its sights on cloud within the last couple of years. While the company originally focused on hardware and software product distribution, Ingram Micro has now shifted toward creating recurring service revenue opportunities to attract solution providers.
In 2011, the company introduced its annual Cloud Services Summit to provide channel partners information on the transformation to cloud. Ingram Micro has also boosted its cloud storage and file sharing services portfolio by adding 170 cloud solutions with offerings from CenturyLink, Time Warner Cable Business Class, VMware and other partners.
Last week, the company expanded its cloud footprint with the acquisition of SoftCom, a service provider specializing in cloud aggregation. SoftCom's cloud marketplace is available as a single portal for Ingram Micro reseller partners to procure cloud solutions and services.
PUBLISHED SEPT. 19, 2013