Sales in both its Electronic Components and Farnell business units declined by double digits.
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The company appointed a 25-year industry veteran to the newly-created role.
Sales sequentially decelerated in 4Q during what the company cited as challenging market conditions.
Avent introduces a new product brand, and Tria Technologies, a business unit aimed at consolidating compute design and manufacturing.
With 30 years of experience in the semiconductor industry, Rebeca Obregon was tapped to lead the electronics components distributor Farnell.
Sales sequentially decelerated further amid what the company cited as economic softness and lower market demand.
October-December Avnet sales fell 5.5% year-over-year in the Americas.
Avnet's third annual Insights Survey revealed engineers' growing optimism about supply chain conditions, but uncertainty about demand.
The tool aims to help engineers create designs faster by giving them visibility into available products and the knowledge to put them to use.
Products manufactured at the campus are typically for original equipment manufacturers (OEM) customers, Avnet said.
On a constant currency basis, sales decreased 7.8% year-over-year and decreased 2.9% sequentially, Avnet said in a news release.
The company said that fourth-quarter sales of $6.6 billion exceeded guidance and were up 2.9% year-over-year.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Rebecca Obregon-Jimenez will fill the newly created role at Avnet.
More than a handful of companies on MDM's 2022 Top Distributors list garnered the reputation-based honor from Fortune.
Avnet's 2Q sales were up 14.5% year-over-year, according to its Feb. 2 earnings announcement.
Ken Jacobson, who served as interim CFO in 2017-18, takes over financial leadership for the electronics distribution giant.
The Phoenix-based global technology solutions provider also reported fiscal 2022 4Q sales of $6.4 billion.
Corporate Controller Kenneth A. Jacobson will succeed Thomas Liguori as CFO effective September 6, the company announced.
Avnet says the strategic partnership with AWS will help OEMs of IoT solutions ‘accelerate their time to market.’
