- Push-out Score determined
- After about five years in the position
- Praise and thanks for Liguori
- Ken Jacobson taking over
- Liguori kept it short and said 54 words
(exechange) — Phoenix, Arizona, July 11, 2022 — Tom Liguori, finance chief of Avnet, leaves. As announced by Avnet Inc. in a news release and in a regulatory filing published on Monday, July 11, 2022, Thomas (Tom) Liguori leaves his post as chief financial officer at the distributor of electronic components, after about five years in the role, effective September 6, 2022.
Tom Liguori’s duties as CFO will be taken over by Kenneth A. (Ken) Jacobson, currently corporate controller at Avnet Inc.
It is a generational change. Ken Jacobson is about 20 years younger than Tom Liguori.
“A new chapter of opportunities in the public, private and university sectors”
Tom Liguori’s departure from the CFO post is explained as follows. Avnet said: “Thomas Liguori, the Company’s Chief Financial Officer (CFO), will be transitioning from Avnet to begin a new chapter of opportunities in the public, private and university sectors.”
Precise information regarding Tom Liguori’s future plans was not immediately available.
“Transition”
Avnet said: “Thomas Liguori, who has served as CFO since January 2018, will transition from the CFO role on September 6, 2022.”
Share price increase since January 2018
The announcement follows an increase in Avnet Inc.’s share price of 9% since January 2018. January 2018 is the month in which Liguori’s tenure as CFO began.
In the position of CFO since 2018
Tom Liguori became CFO of the Company in 2018.
Liguori will be available to serve as a senior advisor through the end of March 2023, and his retirement from Avnet will be handled consistent with his Letter Agreement dated December 25, 2017.
Thomas Liguori has served as the Company’s Chief Financial Officer since January 2018.
He previously served as the Executive Vice President and Chief Financial Officer of Advanced Energy Industries, Inc. (Nasdaq: AEIS), a product and services provider for semi and industrial power applications, from May 2015 to December 2017.
Prior to that, Liguori served as the Executive Vice President and Chief Financial Officer of MFLEX (Nasdaq: MFLX), a global provider of flexible circuits and assemblies for smartphones and tablets, from February 2008 to May 2015.
Liguori is a Certified Management Accountant and a Certified Financial Manager.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Tom Liguori’s move on a scale of 0 to 10.
exechange reached out to Avnet and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 29.2022 ($).