Avnet — the No. 2 company on MDM’s 2022 Electronics Distributors list — announced Sept. 6 that it has appointed Ken Jacobson as the company’s new chief financial officer, reporting to CEO Phil Gallagher. 

Jacobson, 44, joined Avnet in 2013 as vice president and corporate controller and served as Avnet’s interim CFO in 2017-2018. As corporate controller, Jacobson had global leadership responsibility for the finance organizations within each of Avnet’s business units, as well as management oversight of Avnet’s global supply chain engagements.

“Ken is the ideal person to lead Avnet’s finance team into our next century of doing business,” Gallagher said in a news release. “He is experienced in developing strong, collaborative cross-functional relationships and balancing business objectives with financial outcomes.”

Jacobson came to Avnet with 12 years of public accounting and industry experience, working with a variety of public, private and international companies across various industries including technology, manufacturing and distribution. He holds a bachelor’s degree in accounting from the University of Washington.

Avnet had 2021 total revenues of $21.6 billion.