Synnex President And CEO Kevin Murai Retires; COO Dennis Polk To Assume Distributor's Top Exec Role


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"[Murai] has left huge shoes to fill, but I think he has also surrounded himself with a pretty excellent team, at least on our side of the fence," Enright said. "Peter Larocque [president of Synnex North American technology solutions] has no equal, either. He is incredibly strong. They will absolutely need to fill Kevin’s shoes, but Kevin has left a strong leadership team in place."

Synnex on Tuesday also reported its fourth fiscal quarter and the full fiscal year 2017 financials. For the year, the company reported revenue of $17.0 billion, up 21.2 percent from fiscal 2016's full-year revenue of $14.1 billion.

Income on a GAAP basis for all of fiscal 2017 was $301.2 million, or $7.51 per share, up from last year's $234.9 million, or $5.88 per share. On a non-GAAP basis, income for the year was reported at $355.6 million, or $8.86 per share, up from $281.2 million, or $7.04 per share.

Alec Shirkey, Associate Editor, contributed to this report.


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