Chairman of the Board and Chief Executive Officer, Avnet, Inc.
Board of Directors Member Since 1991
Roy Vallee joined Avnet in 1977. In 1989 Mr. Vallee was appointed president of Hamilton/Avnet Computer, and in 1990 was named senior vice president and director of Worldwide Electronics Operations for Avnet.
He was elected to Avnet's board of directors in November 1991, and in March 1992 was appointed president and chief operating officer. In July 1998, he was elected chairman of the board and chief executive officer of Avnet, Inc.
When Mr. Vallee assumed the chairman and chief executive role, he accelerated the search for companies to acquire. From fiscal 1999 through today, Avnet added 35 strategic companies to increase geographic coverage, scale and scope, and shareholder value.
Mr. Vallee also introduced value-based management to Avnet in 2001. Employees have embraced the concept of return on capital employed, and they continue to contribute considerable improvements to Avnet's financial performance and cash flow.
Mr. Vallee is active in the community and in various roles outside of Avnet. In May 2008, then-Arizona Governor Janet Napolitano invited him to join the board of the Arizona Economic Resource Organization, a private nonprofit group seeking to boost the state's economic development. Mr. Vallee was later asked by current Arizona Governor Jan Brewer to join her Arizona Commerce Authority board of directors. This board was established to provide private-sector leadership and support for Arizona's economic development.
In January 2010, he was named to the Twelfth District Economic Advisory Council for the Federal Reserve Bank of San Francisco (FRBSF). Economic Advisory Council members provide information on current and pending developments in the regional and national economy.
Mr. Vallee also participates in Greater Phoenix Leadership, a nonprofit organization composed of Phoenix area CEOs, which provides an executive forum through which corporate leadership can effectively and efficiently collaborate with the public sector and nonprofits to establish and sustain a safe, healthy and prosperous community.
In January 2010 Mr. Vallee was elected second vice-chairman of the board of directors of the National Association of Wholesaler-Distributors (NAW).
He is a member of the boards of directors of two other publicly held companies: Teradyne (NYSE:TER), an automated testing company for the semiconductor industry and Synopsys, Inc. (Nasdaq:SNPS), a supplier of electronic design automation software.
Mr. Vallee is an inductee of the CRN Industry Hall of Fame, which recognizes individuals who, through their ideas, drive and perseverance, have transformed the computer industry with new ideas, revolutionary concepts and ingenious technology.
The National Electronic Distributors Association (NEDA) awarded Mr. Vallee with its highest honor, the Gail S. Carter Award, for his significant contributions to the industry.
Updated: 07/09/2010
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