CARSON, Calif.--(BUSINESS WIRE)--SYNNEX Corporation (NYSE: SNX), a leading distributor of IT and Consumer Electronics products and services, announced today that Adam Carroll, President of SYNNEX Corporation’s two Consumer Electronics divisions, New Age Electronics and Jack of All Games, will be retiring at the end of the month and Fred Towns, the current Senior Vice President of Sales and Marketing for New Age Electronics and Jack of All Games, has been named the new President beginning March 1, 2011.
Mr. Carroll, a Consumer Electronics industry veteran, co-founded and served as President of New Age Electronics, Inc. before its acquisition by SYNNEX Corporation in 2008. “Adam’s vision and leadership positioned New Age Electronics as a leader in the Consumer Electronics industry and he has played a vital role in making the integration of the Consumer Electronics business a success,” said Peter Larocque, President of U.S. Distribution for SYNNEX Corporation. “He has built a solid bench of talented leaders, including Fred Towns, and he is now moving forward with his personal life, while continuing on as an executive advisor.”
Mr. Towns previously served as Senior Vice President of New Age Electronics, Inc. before its acquisition by SYNNEX Corporation. “Fred has been a driver of our Consumer Electronics success over the past three years and helped make the integration of New Age Electronics into SYNNEX a seamless one. All this, coupled with his exceptional background in Consumer Electronics industry for over 27 years, made our decision to promote Fred to President an obvious one,” said Larocque.
“We have planned well for Adam’s retirement. We have the same, hardworking teams serving our customers and vendors. We are prepared for this next chapter and are excited for how our future will unfold,” said Towns. “I thank Adam personally for teaching me his successful ways and for handing over the reins. He is a true example of achieving the American Dream.”
About SYNNEX Corporation
SYNNEX Corporation, a Fortune 500 corporation, is a leading business process services company, servicing resellers, retailers and original equipment manufacturers in multiple regions around the world. The Company provides services in IT distribution, supply chain management, contract assembly and business process outsourcing. Founded in 1980, SYNNEX employs over 10,500 full-time and part-time associates worldwide. Additional information about SYNNEX may be found online at www.synnex.com.
Safe Harbor Statement
Statements in this release that are forward-looking, such as our expectation relating to the leadership transition and success of the new leadership, involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.
Copyright 2011 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, JACK OF ALL GAMES, NEW AGE ELECTRONICS, and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX and the SYNNEX Logo Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.
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