Steven A. Chlupsa Joins Avnet Technology Solutions as Vice President of Finance

TEMPE, Ariz.--(BUSINESS WIRE)--Avnet Technology Solutions, an operating group of Avnet, Inc. (NYSE: AVT), today announced that Steven A. Chlupsa will serve as its vice president of finance for Avnet Technology Solutions, Americas. Chlupsa is responsible for implementing corporate financial policies, formulating strategic financial direction and providing financial planning, analysis and strategic counseling on business initiatives. He will report to Rusty Murdaugh, vice president and group financial officer, Avnet Technology Solutions, Global.

Chlupsa joins Avnet from Pentair Inc., where he most recently served as chief financial officer and vice president of finance and information technology for its Worldwide Electrical division in Anoka, Minnesota. Prior to that, he was vice president of finance and IT for Pentair Water Europe in Milan, Italy, and director of Internal Audit for Pentair Inc. Before joining Pentair in 2002, he held a number of financial leadership roles with Goodrich Corporation and Honeywell International before joining Pentair.

“Steve’s technical and financial expertise, along with his international experience, will serve Avnet Technology Solutions, Americas, well as we continue to create value for our partners,” said Murdaugh. “His background in the distribution and manufacturing sectors and his expertise in internal audits, ‘lean’ business processes and IT systems implementations will also be valuable assets in our drive to achieve operational excellence.”

Chlupsa holds a master’s degree in business administration from the University of Phoenix and a bachelor’s degree in accounting and finance from Northern Illinois University. He is also a certified public accountant through the state of Illinois.

About Avnet Technology Solutions

Avnet Technology Solutions is an operating group of Phoenix-based Avnet, Inc. As a global technology sales and marketing organization, Avnet Technology Solutions has sales divisions focused on specific customer segments and a select line card strategy enabling an exceptional level of attention to the needs of its customers and suppliers. For fiscal year 2008, the group served customers in more than 30 countries and generated US $7.6 billion in annual revenue. The group’s Web site is www.ats.avnet.com.

Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology in the world. Avnet accelerates its partners’ success by connecting the world’s leading technology suppliers with a broad base of more than 100,000 customers and providing cost-effective, value-added services and solutions. For the fiscal year ended June 28, 2008, Avnet generated revenue of $17.95 billion. For more information, visit www.avnet.com.