|By PR Newswire||
|January 3, 2013 04:30 PM EST||
SANTA ANA, Calif., Jan. 3, 2013 /PRNewswire/ -- Ingram Micro Inc. (NYSE: IM), the world's largest technology distributor and a global leader in IT supply-chain, mobile device lifecycle services and logistics solutions, today announced that Bashar Nejdawi, a 29-year veteran of the telecommunication and mobility industry and current senior vice president of corporate strategic initiatives and partnerships for Ingram Micro Mobility (formerly Brightpoint, Inc.), has been promoted to president of Ingram Micro North America Mobility, effective immediately. He will report to Shailendra Gupta, senior executive vice president and president, Ingram Micro Asia Pacific and global head of Ingram Micro Mobility.
Nejdawi will replace Mark Howell, current executive vice president and president of Ingram Micro North America Mobility, who has resigned to pursue personal interests. Howell will work with Nejdawi through his departure on Jan. 18, 2013, to help ensure continuity and a seamless transition.
"Bashar is a respected and talented executive, with long industry experience and a strong track record," said Gupta. "Under his leadership, he set up the European Sales and Procurement organization and worked on several corporate initiatives. Bashar has worked extensively with the North America region and brings to his new role an ideal mix of experience in mobile distribution and manufacturing, as well as mobility services. This is a highly important region for Ingram Micro and we're confident in his ability to build on Mark's good work and drive additional profitable growth throughout the region."
"I appreciate the company's confidence in me and I'm excited about taking the reins of our North American Mobility group," commented Nejdawi. "North America is operating well and I am confident we can increase our contribution to the performance of the overall Mobility business."
"Over the past 18 years, Mark has been an integral part of BrightPoint," Gupta added. "He has led the expansion into logistics with the key carriers and mobility suppliers and has made considerable contributions to U.S. operations, and the company will continue to reap the benefits of those contributions for many years to come."
Bashar joined BrightPoint in 2008 as president Mobile Enhancement business, responsible for building a global accessories business and later became global executive and head of European Sales and Procurement before progressing to his current role. He has considerable experience in working with the North American team as well as the European team. Prior to this, Bashar was with Motorola for 17 years. He holds a bachelor's degree in electrical and electronics engineering from Greenwich University, an MBA from the American Graduate School of International Management (Thunderbird), a master's in engineering (telecommunications) from Southern Methodist University, and a doctorate of management from Case Western Reserve University.
"I have the utmost respect for Ingram Micro's leadership team and fully support the direction of the company," said Howell. "The team in North America is outstanding, and together we have capitalized on many opportunities to improve the business. I have worked with Bashar for several years and am confident in his ability to lead the North American team and further build on our successful execution."
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995
The matters in this press release that are forward-looking statements are based on current management expectations. Certain risks may cause such expectations to not be achieved and, in turn, may have a material adverse effect on Ingram Micro's business, financial condition and results of operations. Ingram Micro disclaims any duty to update any forward-looking statements. Important risk factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, without limitation: (1) we have made and expect to continue to make investments in new businesses and initiatives, including acquisitions, which could disrupt our business and have an adverse effect on our operating results; (2) we are dependent on a variety of information systems, which, if not properly functioning, or unavailable, could adversely disrupt our business and harm our reputation and earnings; (3) changes in macro-economic conditions may negatively impact a number of risk factors which, individually or in the aggregate, could adversely affect our results of operations, financial condition and cash flows; (4) we continually experience intense competition across all markets for our products and services; (5) we operate a global business that exposes us to risks associated with conducting business in multiple jurisdictions; (6) our failure to adequately adapt to IT industry changes could negatively impact our future operating results; (7) terminations of a supply or services agreement or a significant change in supplier terms or conditions of sale could negatively affect our operating margins, revenue or the level of capital required to fund our operations; (8) substantial defaults by our customers or the loss of significant customers could have a negative impact on our business, results of operations, financial condition or liquidity; (9) changes in, or interpretations of, tax rules and regulations, changes in the mix of our business amongst different tax jurisdictions, and deterioration of the performance of our business may adversely affect our effective income tax rates or operating margins and we may be required to pay additional taxes and/or tax assessments, as well as record valuation allowances relating to our deferred tax assets; (10) changes in our credit rating or other market factors such as adverse capital and credit market conditions or reductions in cash flow from operations may affect our ability to meet liquidity needs, reduce access to capital, and/or increase our costs of borrowing; (11) failure to retain and recruit key personnel would harm our ability to meet key objectives; (12) we cannot predict with certainty what loss we might incur as a result of litigation matters and contingencies that we may be involved with from time to time; (13) we may incur material litigation, regulatory or operational costs or expenses, and may be frustrated in our marketing efforts, as a result of environmental regulations or private intellectual property enforcement disputes; (14) we face a variety of risks in our reliance on third-party service companies, including shipping companies for the delivery of our products and outsourcing arrangements; (15) changes in accounting rules could adversely affect our future operating results; and (16) our quarterly results have fluctuated significantly. We also face a variety of risks associated with our recently completed acquisition of Brightpoint, Inc., including: management's ability to execute its plans, strategies and objectives for future operations, including the execution of integration plans; growth of the mobility industry; uncertainties relating to litigation; and other unknown, underestimated and/or undisclosed commitments or liabilities; and our ability to achieve the expected benefits and manage the costs of the transaction.
Ingram Micro has instituted in the past and continues to institute changes to its strategies, operations and processes to address these risk factors and to mitigate their impact on Ingram Micro's results of operations and financial condition. However, no assurances can be given that Ingram Micro will be successful in these efforts. For a further discussion of significant factors to consider in connection with forward-looking statements concerning Ingram Micro, reference is made to Item 1A Risk Factors of Ingram Micro's Annual Report on Form 10-K for the fiscal year ended December 31, 2011 and Form 10-Q for the fiscal quarter ended September 30, 2012; other risks or uncertainties may be detailed from time to time in Ingram Micro's future SEC filings.
About Ingram Micro Inc.
Ingram Micro is the world's largest wholesale technology distributor and a global leader in IT supply-chain, mobile device lifecycle services and logistics solutions. As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics and mobile solutions, technical support, financial services and product aggregation and distribution. The company is the only global broad-based IT distributor, serving 145 countries on six continents with the world's most comprehensive portfolio of IT products and services. Visit www.ingrammicro.com.
To learn, see and hear more about Ingram Micro online, follow them on Facebook at www.facebook.com/IngramMicro; Twitter at www.twitter.com/IngramMicroInc; and YouTube at http://www.youtube.com/user/ingrammicroinc.
© 2013 Ingram Micro Inc. All rights reserved. Ingram Micro and the registered Ingram Micro logo are trademarks used under license by Ingram Micro Inc.
SOURCE Ingram Micro Inc.
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