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PHOENIX -- For the second year in a row, Avnet, Inc. (NYSE: AVT) has been named No. 1 overall in the Wholesaler: Office Equipment and Electronics category in the annual "World's Most Admired Companies" list by Fortune magazine. Avnet, a global technology marketing, distribution and services company, connects the world's leading technology suppliers with a broad base of more than 100,000 customers. In this year's Fortune list, Avnet retained the top position overall in its category and ranked first in eight out of nine reputation attributes, including innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, and quality of service.
"Receiving the industry-leading ranking from Fortune for the second consecutive year validates our team's commitment to making Avnet the world's premier technology distribution company," said Roy Vallee, Avnet's chairman and chief executive officer. "Avnet's financial strength and market leadership create scale and scope advantages that our talented employees translate into customer and supplier benefits every day. Being named to the Fortune 'Most Admired' list is particularly gratifying because it's based on feedback from the industry and illustrates Avnet's brand in the marketplace."
Fortune's rankings, described as the "definitive report card on corporate reputations," are based on a survey of executives, directors and analysts who are asked to rate companies in their own industry on specific criteria from investment value to social responsibility. Only the best are listed: A company's score must rank in the top half of its industry s
urvey to be on the "most admired" list. For more information about the Fortune list of "Most Admired Companies," visit http://www.fortune.com.
About Avnet
Avnet, Inc. (NYSE: AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers in more than 70 countries worldwide. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers and by providing cost-effective, value-added services and solutions. For the fiscal year ended June 27, 2009, Avnet generated revenue of $16.23 billion. For more information, visit www.avnet.com.
Contacts
Avnet, Inc.
Michelle Gorel, 480-643-7653
michelle.gorel@avnet.com
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