TD Synnex CEO Rich Hume leaves

  • After about three years in the position
  • Praise, thanks and good wishes for Hume
  • Patrick Zammit taking over
  • Hume said 89 words

(exechange) — Fremont, California & Clearwater, Florida, June 20, 2024 — This news came shortly after Juneteenth. Rich Hume, chief executive of TD Synnex, leaves his position. As announced by TD Synnex Corp. in a news release and in a regulatory filing published on Thursday, June 20, 2024, Richard (Rich) Hume leaves his post as chief executive officer at the IT distribution company, after about three years in the role, effective September 1, 2024.

Rich Hume’s duties as CEO will be taken over by Patrick Zammit, currently chief operating officer at TD Synnex Corp.

No reason given

In the announcement, TD Synnex did not explicitly explain the reason for the move.

Precise information regarding Rich Hume’s future plans was not immediately available.

“Retire”

TD Synnex said: “Patrick Zammit will become Chief Executive Officer, succeeding Rich Hume, who will retire after a transformative tenure as CEO.”

“Not caused by any disagreement”

TD Synnex stated, regarding the change: “Mr. Hume’s retirement as President and Chief Executive Officer was not caused by any disagreement with the Company.”

Share price increase since June 2023

The announcement follows an increase in TD Synnex Corp.’s share price of 44% since June 2023.

In the position of CEO since 2021

Rich Hume became CEO of the Company in 2021.

Hume will remain on the TD Synnex board of directors.

The leadership transition is effective September 1.

Richard Hume has served as the Company’s President and Chief Executive Officer and as a member of the Board since September 2021.

Immediately before that, he served as Chief Executive Officer and as a director of Tech Data Corporation (“Tech Data”), a distribution company specializing in IT products and services, since June 2018, and prior to that served as its Executive Vice President, Chief Operating Officer from March 2016.

Before joining Tech Data, Hume was with International Business Machines Corporation (NYSE: IBM), a technology corporation, for more than 30 years, most recently serving as General Manager and COO, Global Technology Services.

Hume serves on the board of directors of The Allstate Corporation (NYSE: ALL), an insurance company.

Hume holds a Bachelor of Science degree in Accounting from the Pennsylvania State University.

89 words by Rich Hume

In the release announcing his departure as CEO of TD Synnex Corp., Rich Hume received praise, thanks and good wishes.

In the release announcing his departure as CEO, Rich Hume said 89 words.

“Reach even greater heights”

Rich Hume stated: “It has been the greatest privilege of my professional career to serve as CEO of TD Synnex. I am proud of the culture we have built, our partner-first focus and commitment to customer excellence, and the purpose-driven approach we have taken in our business. In this dynamic and ever-changing technology landscape, Patrick is the right leader to build on this foundation as we continue to deliver value to our customers and vendors across the ecosystem. Under his leadership, I am confident that TD Synnex will reach even greater heights.”

The above text is an excerpt from the exechange report 26.2024 ($), publication date June 24, 2024.