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PHOENIX -- Avnet, Inc., (NYSE:AVT) a global technology marketing, distribution and services company, announced today that it has been named to Forbes' Platinum list of the "400 Best Big Companies in America." This is the second year Avnet has been included in the list, which is selected from a pool of nearly 1,100 corporations that have at least $1 billion in revenue and meet other qualifications.
"Avnet has consistently delivered on its promise to accelerate success for our customers, suppliers, and shareholders," said Roy Vallee, Avnet chairman and CEO. "Being named one of the best big companies by Forbes is yet another indication that we have a great team of dedicated employees who are committed to delivering great service and enhanced value every day. I want to thank them and congratulate them on this recognition."
In order to make the list, companies must not only pass Forbes' benchmarks for financial growth rates and returns, but they must also meet approvals for corporate governance, accounting standards and background checks. For more information, visit http://www.forbes.com/lists.
About Avnet
Avnet, Inc. (NYSE:AVT) is one of the largest distributors of electronic components, computer products and technology services and solutions with more than 300 locations serving more than 70 countries worldwide. The company markets, distributes and optimizes the supply-chain and provides design-chain services for the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Avnet brings a breadth and depth of capabilities, such as maximizing inventory efficiency, managing logistics, assembling products and providing engineering design assistance for its 100,000 customers, accelerating their growth through cost-effective, value-added services and solutions. For the fiscal year ended June 30, 2007, Avnet generated revenue of $15.68 billion. For more information, visit www.avnet.com.
CONTACT:
Avnet, Inc., Phoenix
Michelle Gorel, 480-643-7653 (Media)
michelle.gorel@avnet.com
Copyright Business Wire 2008
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