- Push-out Score suggests push-out forces
- After 10 years in the position
- Accolades and praise for Eck
- Bill Galvin taking over
- Eck said 60 words
(exechange) — Glenview, Illinois, February 26, 2018 — Bob Eck, chief executive of Anixter, leaves. His departure is made public at an early stage. As announced by Anixter International Inc. in a news release and in a regulatory filing published on Monday, February 26, 2018, Robert J. (Bob) Eck leaves his post as Chief Executive Officer at the maker of communications and security products after 10 years in the position, effective June 30, 2018.
It is the end of an era.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past 12 months was 9.3 years, according to data compiled by exechange.
Eck’s duties will be taken over by William A. (Bill) Galvin, currently Chief Operating Officer of Anixter International Inc.
No reason given
In the announcement, Anixter did not explicitly explain the reason for Eck’s move, leaving room for speculation.
Precise information about Eck’s future plans was not immediately available.
Anixter said: “Robert J. Eck will retire as Chief Executive Officer at the end of June 2018, following a 28-year career with the company.”
Chaired by Samuel Zell
Anixter International Inc. is chaired by Samuel Zell.
In the position of CEO since 2008
Eck, who will continue to serve on the company’s Board of Directors, was named President and Chief Executive Officer in July 2008.
Robert J. Eck is Director of the Company since 2008.
He served as President of the Company from 2008 to June 2017.
Eck has served in a variety of senior management positions since joining the Company in 1990.
Eck has also been a Director of Ryder Systems, Inc. since 2011 and a member of the Board of Trustees for Marquette University since September 2014.
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Bob Eck’s move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the change.
Read the full story in the exechange report 10.2018 ($).