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Done Deal: 5 Things To Know About The New TD Synnex
Joseph F. Kovar
As of Sept. 1, Synnex and Tech Data have merged to form the world’s largest IT distributor as the rebranded TD Synnex, surpassing 30-plus-year market leader Ingram Micro by revenue. Here are some keys to understanding the importance of this merger to solution providers and investors alike.
Proven Leadership
Leading TD Synnex are two longtime distribution executives, both of whom have reached the tops of their organizations.
Rich Hume (pictured), who served as CEO of Tech Data since 2018, is the CEO of TD Synnex. Hume joined Tech Data as chief operating officer in 2016 and took the lead in integrating Avnet’s Technology Solutions business into Tech Data after that 2017 acquisition. Prior to that, he spent over 30 years at IBM.
Dennis Polk, executive chair of TD Synnex’s board of directors, served as Synnex’s president and CEO since 2018 after serving 16 years as the distributor’s COO, CFO and senior vice president of corporate finance.
The new TD Synnex board of directors includes six members appointed by Synnex, four members appointed by Tech Data owner Apollo Global Management, and Hume.
