Avnet Management

Management criteria checks 3/4

Avnet's CEO is Phil Gallagher, appointed in Aug 2017, has a tenure of 6.75 years. total yearly compensation is $9.72M, comprised of 11.8% salary and 88.2% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth €9.42M. The average tenure of the management team and the board of directors is 4.8 years and 5.6 years respectively.

Key information

Phil Gallagher

Chief executive officer

US$9.7m

Total compensation

CEO salary percentage	11.8%
CEO tenure	6.8yrs
CEO ownership	0.2%
Management average tenure	4.8yrs
Board average tenure	5.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Phil Gallagher's remuneration changed compared to Avnet's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 30 2024	n/a	n/a	US$571m
Dec 30 2023	n/a	n/a	US$670m
Sep 30 2023	n/a	n/a	US$796m
Jul 01 2023	US$10m	US$1m	US$771m
Apr 01 2023	n/a	n/a	US$862m
Dec 31 2022	n/a	n/a	US$858m
Oct 01 2022	n/a	n/a	US$765m
Jul 02 2022	US$8m	US$1m	US$692m
Apr 02 2022	n/a	n/a	US$531m
Jan 01 2022	n/a	n/a	US$455m
Oct 02 2021	n/a	n/a	US$323m
Jul 03 2021	US$6m	US$959k	US$193m
Apr 03 2021	n/a	n/a	US$160m
Jan 02 2021	n/a	n/a	-US$76m
Oct 03 2020	n/a	n/a	-US$92m
Jun 27 2020	US$2m	US$565k	-US$31m
Mar 28 2020	n/a	n/a	-US$118m
Dec 28 2019	n/a	n/a	US$105m
Sep 28 2019	n/a	n/a	US$138m
Jun 29 2019	US$2m	US$565k	US$176m
Mar 30 2019	n/a	n/a	US$273m
Dec 29 2018	n/a	n/a	-US$138m
Sep 29 2018	n/a	n/a	-US$118m
Jun 30 2018	US$2m	US$515k	-US$143m

Compensation vs Market: Phil's total compensation ($USD9.72M) is above average for companies of similar size in the German market ($USD2.59M).

Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.

CEO

Phil Gallagher (62 yo)

6.8yrs

Tenure

US$9,716,827

Compensation

Mr. Philip R. Gallagher, also known as Phil, has been the Chief Executive Officer of Avnet, Inc. since November 23, 2020 and serves as its Director Since November 2020. He serves as Member of Executive Boa...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Philip Gallagher	CEO, Member of Executive Board & Director	6.8yrs	US$9.72m	0.23% $ 9.4m
Kenneth Jacobson	Chief Financial Officer	1.7yrs	US$2.31m	0.024% $ 981.5k
Michael McCoy	Senior VP	4.1yrs	US$2.33m	0.039% $ 1.6m
Ken Arnold	Senior VP	5.3yrs	US$2.07m	0.035% $ 1.4m
Rebeca Obregon-Jimenez	Senior VP of Strategic Business Engagements & Supplier Management	1.4yrs	US$1.72m	0.0042% $ 173.0k
Elizabeth McMullen	Senior Vice President of Global Operations	3.5yrs	no data	0.011% $ 475.0k
Leng-Jin Chan	Senior VP & Chief Information Officer	4.8yrs	US$1.26m	0.018% $ 757.5k
Joseph Burke	Vice President of Treasury & Investor Relations	no data	no data	no data
Heather Vana	Senior Director of Communications	no data	no data	no data
Ger Purcell	Senior Vice President of Information Technology	10.4yrs	no data	no data
Prince Yun	President of Avnet Asia Pacific	4.8yrs	no data	no data
Darrel Jackson	Corporate Secretary	no data	no data	no data

4.8yrs

Average Tenure

53yo

Average Age

Experienced Management: VNI's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Philip Gallagher	CEO, Member of Executive Board & Director	3.5yrs	US$9.72m	0.23% $ 9.4m
Carlo Bozotti	Independent Director	4.5yrs	US$305.00k	0.023% $ 944.5k
James Lawrence	Independent Director	13yrs	US$300.00k	0.0040% $ 167.2k
Ernest Maddock	Independent Director	2.8yrs	US$287.50k	0.0058% $ 241.8k
Oleg Khaykin	Independent Director	6yrs	US$302.50k	0.010% $ 413.2k
Rodney Adkins	Independent Chairman	8.9yrs	US$460.00k	0.037% $ 1.5m
Avid Modjtabai	Independent Director	9.5yrs	US$295.00k	0.042% $ 1.8m
Brenda Freeman	Independent Director	5.5yrs	US$287.50k	0% $ 0
Adalio Sanchez	Independent Director	4.5yrs	US$280.00k	0.023% $ 944.5k
Jo Jenkins	Independent Director	5.8yrs	US$280.00k	0.028% $ 1.2m

5.6yrs

Average Tenure

64yo

Average Age

Experienced Board: VNI's board of directors are considered experienced (5.6 years average tenure).

Avnet Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Independent Director recently sold €301k worth of stock

Avnet, Inc., Annual General Meeting, Nov 16, 2023

Independent Director recently sold €2.8m worth of stock

The Avnet Appoints Ken A. Jacobson as Chief Financial Officer

CFO & Member of Executive Board recently sold €1.1m worth of stock

Recent updates

Avnet, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024

Third quarter 2024 earnings released: EPS: US$0.98 (vs US$2.05 in 3Q 2023)

Avnet, Inc. to Report Q3, 2024 Results on May 01, 2024

Upcoming dividend of US$0.31 per share

Second quarter dividend of US$0.31 announced

Avnet, Inc. Declares Regular Quarterly Dividend, Payable on March 20, 2024

Second quarter 2024 earnings released: EPS: US$1.31 (vs US$2.67 in 2Q 2023)

Avnet, Inc. Provides Earnings Guidance for the Third Quarter Ending March 30, 2024

Avnet, Inc. to Report Q2, 2024 Results on Jan 31, 2024

Insufficient new directors

Upcoming dividend of US$0.31 per share at 2.6% yield

Independent Director recently sold €301k worth of stock

Avnet Declares Regular Quarterly Dividend, Payable on Dec. 20, 2023

First quarter 2024 earnings released: EPS: US$2.29 (vs US$1.96 in 1Q 2023)

Avnet, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2024 Ending December 30, 2023

Avnet, Inc. to Report Q1, 2024 Results on Nov 01, 2023

Upcoming dividend of US$0.31 per share at 2.3% yield

Avnet, Inc. Increases Quarterly Dividend, Payable on September 27, 2023

Avnet, Inc. Provides Earnings Guidance for the First Quarter of Fiscal 2024 Ending September 30, 2023

Full year 2023 earnings released: EPS: US$8.38 (vs US$7.02 in FY 2022)

Avnet, Inc., Annual General Meeting, Nov 16, 2023

Now 21% undervalued

Upcoming dividend of US$0.29 per share at 2.6% yield

Avnet, Inc. Approves Regular Quarterly Cash Dividend, Payable on June 21, 2023

Independent Director recently sold €2.8m worth of stock

Avnet, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2023 Ending on July 1, 2023

Third quarter 2023 earnings released: EPS: US$2.05 (vs US$1.86 in 3Q 2022)

Now 20% undervalued

Now 21% undervalued

Avnet Declares Regular Quarterly Dividend, Will Be Paid on March 15, 2023

Second quarter 2023 earnings released: EPS: US$2.67 (vs US$1.52 in 2Q 2022)

Avnet, Inc. Provides Earnings Guidance for the Third Quarter Ending on April 1, 2023

Avnet, Inc. to Report Q2, 2023 Results on Feb 01, 2023

Upcoming dividend of US$0.29 per share

Avnet, Inc. Declares Regular Quarterly Dividend, Payable on December 21, 2022

First quarter 2023 earnings released: EPS: US$1.96 (vs US$1.12 in 1Q 2022)

Avnet, Inc. Provides Earnings Guidance for the Second Quarter Ending on December 31, 2022

Avnet, Inc. to Report Q1, 2023 Results on Oct 26, 2022

The Avnet Appoints Ken A. Jacobson as Chief Financial Officer

Upcoming dividend of US$0.29 per share

Avnet Announces Quarterly Cash Dividend Payable on September 28, 2022

CFO & Member of Executive Board recently sold €1.1m worth of stock

Full year 2022 earnings released: EPS: US$7.02 (vs US$1.95 in FY 2021)

Avnet, Inc. Provides Earnings Guidance for the First Quarter of Fiscal Year 2023

Avnet, Inc. to Report Q4, 2022 Results on Aug 10, 2022

Avnet Announces CFO Changes

Avnet, Inc. (NasdaqGS:AVT) announces an Equity Buyback for $600 million worth of its shares.

Upcoming dividend of US$0.26 per share

Avnet Declares Regular Quarterly Cash Dividend, Payable on June 22, 2022

Avnet Declares Regular Quarterly Cash Dividend, Payable on June 22, 2022

Independent Director recently sold €165k worth of stock

Third quarter 2022 earnings released: EPS: US$1.86 (vs US$1.08 in 3Q 2021)

Avnet, Inc. to Report Q3, 2022 Results on Apr 27, 2022

Chief Information Officer recently sold €369k worth of stock

Avnet Declares Regular Quarterly Dividend, Payable on March 16, 2022

Global Vice President of Operations recently sold €287k worth of stock

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

High number of new directors

First quarter 2022 earnings released: EPS US$1.12 (vs US$0.19 loss in 1Q 2021)

Global Vice President of Operations recently sold €106k worth of stock

Full year 2021 earnings released: EPS US$199 (vs US$0.29 loss in FY 2020)

Avnet, Inc. Provides Earnings Guidance for the First Quarter Ending October 2, 2021

Upcoming dividend of US$0.22 per share

Insider recently sold €128k worth of stock

Avnet, Inc. Approves Increase in Quarterly Dividend, Payable on June 23, 2021

Chief Information Officer recently sold €364k worth of stock

Third quarter 2021 earnings released: EPS US$1.08 (vs US$1.29 loss in 3Q 2020)

Avnet, Inc. Provides Earnings Guidance for the Fourth Quarter Ending July 3, 2021

Upcoming Dividend of US$0.21 Per Share