Arrow appoints COO for core businesses

|About: Arrow Electronics Inc (ARW)|By:, SA News Editor

Arrow (ARW) has named Andrew Bryant, the head of its IT product distribution (global enterprise computing) ops since 2008, the COO for both its component and IT product units.

Sean Kerins, the head of Arrow's North American IT product business, will take Bryant's old job.

Arrow's component sales rose 4% Y/Y in Q1 (to $3.42B) on an adjusted basis. IT product sales were down 11% (to $1.66B) on an adjusted basis due to weak server/storage demand.