Raymund to step down from CEO role at Tech Data

Steve Raymund, Chairman and CEO at global distribution giant Tech Data, has announced plans to step down as CEO and initiate the search for a successor. Raymund will remain as CEO until a replacement is found and intends to continue in his role as Chairman of the Board.

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By  Stuart Wilson Published  January 19, 2006

Steve Raymund, chairman and CEO at global distribution giant Tech Data, has announced plans to step down as CEO and initiate the search for a successor. Raymund will remain as CEO until a replacement is found and intends to continue in his role as Chairman of the Board. “It’s an ideal time to further enhance the depth and strength of our senior leadership,” said Raymund. “The future is very encouraging for IT distribution and our company going forward.” “Proven, highly experienced leaders are in place overseeing our Americas and EMEA regions, and we have exceptional financial management and operational expertise throughout the organisation. We are confident that we will select a CEO who will continue advancing our strong position as an international market leader,” he added. The search for a new CEO for Tech Data is being carried out by Tech Data’s board of Directors alongside Charles Tribbett and Andrea Redmond of executive recruitment firm Russell Reynolds Associates. “Steve Raymund has built a tremendous organisation at Tech Data,” said John Y. Williams, Chairman of the governance and nominating committee of Tech Data’s Board of Directors. “Steve’s experience, perspective and industry acumen will greatly benefit the company as he continues in the role of Chairman.” Tech Data serves more than 90,000 resellers around the world in more than 100 countries. The company posted global revenues of US$19.8 billion for its last fiscal year ending January 2005. Raymund, 50, has been with Tech Data for a quarter of century. He joined the distribution giant in 1981 and became CEO in 1986.

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