Making Way For New Leadership
Tech Data this week said CEO Bob Dutkowsky will transition from his current role to become the company's executive chairman in early June, leaving the way clear for Rich Hume, Tech Data's current chief operating officer, to take over as the distributor's new CEO.
With the change in roles, Tech Data becomes the second major distributor this year to go through a major leadership change after Synnex unveiled the retirement of long-running CEO Kevin Murai and the promotion of Chief Operating Officer Dennis Polk in his place.
When Hume joined Tech Data in 2016, he was the company's first-ever chief operating officer and the heir-apparent to Dutkowsky. Dutkowsky told CRN that Hume was not pre-destined to be CEO, but instead had to prove his mettle, which he did.
Dutkowsky also told CRN that Tech Data has seen massive changes in the 12-or-so years he held the reins, the biggest of which being its 2017 $2.6-billion acquisition of Avnet's Technology Solutions business, which gave it the technology and reach needed to compete in the forward-looking markets essential to the company's future.