Ingram Micro Appoints New CEO as Spierkel Retires
Filed under: News and Trends
Technology distribution giant Ingram Micro will have a new captain at the helm starting on January 20 as CEO Greg Speirkel steps down.
Technology distribution giant Ingram Micro (NYSE:IM) has named Alain Monie as CEO, effective January 20, replacing Greg Spierkel who is leaving the role to spend more time with his family after helping with the management transition until April 15.
Monie, 61, joined Ingram Micro as executive vice president in January 2003 and was named to head up the Asia-Pacific region a year later. He was promoted to president and chief operating officer of Ingram Micro in August 2007 and left the company three years later to become CEO of APRIL Management Pte., a multi-national industrial company based in Asia.
He returned to Ingram Micro in November 2011 to serve as president and chief operating officer once again.
"Ingram Micro has a solid strategy with a strong management team," said Monie, in a prepared statement. "We will continue to execute this strategy. I look forward to leading the team toward delivering on our key initiatives, while providing best-in-class performance for our customers, vendors and shareholders."
"Alain is uniquely positioned to guide the company," said Dale Laurance, chairman of the board, in a statement. "He is an outstanding and worldly leader, fluent in three languages with first-hand global business experience. He has proven to be a strong executive with good strategic thinking."
Retiring CEO Greg Spierkel expressed confidence in Monie’s abilities to take Ingram Micro forward.
"I'm confident the company is in capable and experienced hands. After serving as CEO for more than six years, it's the right time to leave and spend more time with my family." Spierkel joined Ingram Micro in 1997, serving as president of the Asia-Pacific and EMEA regions before his promotions to corporate president in March 2004 and CEO in June 2005.
Ingram Micro also said that it expects its non-GAAP earnings for the fourth quarter ended Dec. 31, 2011, to exceed the average of analysts' estimates of 55 cents in earnings per share, as reported by Thomson Reuters.