Ingram Micro Promotes Bill Humes to Chief Operating and Financial Officer

SANTA ANA, Calif., April 26, 2012 /PRNewswire/ -- Ingram Micro Inc. (NYSE: IM), the world's largest technology distributor and supply-chain services provider, today announced that the company's chief financial officer Bill Humes has been promoted and is assuming the title of chief operating and financial officer, effective immediately. Humes will continue his oversight of Ingram Micro's finance organization, while expanding the scope of his responsibilities to include information systems, global logistics operations and global business processes. The company's executive vice president and chief information officer, as well as the executive vice president, global logistics, both of whom currently report to president and chief executive officer Alain Monie, now report directly to Humes.

Additionally, the company has initiated an internal and external search to fill two newly created positions, both of which will report to Humes: executive vice president, finance, with responsibilities for the organization's global finance operations; and executive vice president, global business processes, with responsibilities that include driving standardization and enhanced global business practices throughout the organization. The company's four regional presidents, human resources, corporate strategy and legal will continue to report into Monie.

"Bill's outstanding track record and skills go beyond finance and I am pleased he agreed to take on these additional responsibilities," said Monie. "He has an excellent understanding of our business and the essential elements that are required to also oversee the operations of our critical global infrastructure. Having Bill fill this important role will allow me to fully focus on driving our strategic initiatives, which include sustainable revenue growth and improved profitability across each of our regions."

Humes commented, "I am excited to expand my role within Ingram Micro and look forward to continuing to work with Alain and the rest of the executive team as we execute on our strategic and financial objectives."

Humes, 47, joined Ingram Micro in 1998 and has served as the company's chief financial officer since April 2005. Prior to that, he held the positions of Ingram Micro's senior vice president and chief financial officer designee from October 2004 to March 2005, corporate vice president and controller from February to October 2004 and vice president and corporate controller from February 2002 to February 2004. Before joining Ingram Micro, Humes was at PricewaterhouseCoopers for nine years. 

About Ingram Micro Inc.

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, technical and financial support, managed and cloud-based 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.

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SOURCE Ingram Micro Inc.