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100-year-old Phoenix company Avnet Inc. looks for resurgence with new CEO at helm Russ Wiles, Arizona Republic © Thomas Hawthorne/The Republic Phil Gallagher, the new CEO of electronics distributor Avnet, poses for a portrait at the company’s offices in Phoenix, Ariz. on Jan. 26, 2021.
When Avnet Inc. moved its global headquarters from suburban New York City to the Valley in 1997, it was a big deal. This was a giant multinational, a Fortune 500 mainstay, that ultimately set up shop in Phoenix near Sky Harbor International Airport.
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Large corporate relocations were uncommon back then, and remain so. Avnet instantly became a revenue leader among Arizona-based corporations, moving billions of dollars worth of items semiconductors, computers, software, sensors, motors, cables and much more each year from manufacturers to business-end users around the globe. Many of those items ultimately wind up in homes, offices or garages