Arrow Electronics CEO Sean Kerins has left the company. He will be replaced as interim President and CEO by William F Austen, an Arrow board member.
Kerins (pictured) has agreed to provide continued assistance to the company to support transition efforts. His separation is unrelated to Arrow’s financial statements.
Kerins was named President and CEO in June 2022. An 18-year veteran of Arrow, he was promoted to chief operating officer in December 2020. Prior to that he served as president of Arrow’s global enterprise computing solutions business since 2014, and previously president of the North American region for that business.
Austen will continue to serve as a Director on Arrow’s Board of Directors, though he has stepped down as Chair of the Board’s corporate governance committee and as a member of the compensation committee. The Board is launching a search for a permanent President and CEO.
Independent Board Chair Steven Gunby said: “We have full confidence in the ability of the current leadership team, with Bill Austen’s support, to lead Arrow during this period of transition, and appreciate Bill’s willingness to step into this role.”
Austen has served as a Director since May 15, 2020. He served as president, chief executive officer, and director of Bemis Company, Inc., a leading global manufacturer of flexible packaging products and pressure-sensitive materials, for six years prior to June 2019.
Austen also served on the Board of Directors of Tenant Company and Arconic Corporation from 2007 through 2022 and 2020 through 2023 respectively.
