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Archive for March 27th, 2012

Avnet Electronics Marketing Asia Appoints New Regional President for Taiwan

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Vice President Prince Yun to take over from industry veteran Samuel Fang on April 1, 2012

Hong Kong, March 27, 2012 /PRNewswire-Asia/ — Avnet Electronics Marketing( ), an operating group of Avnet, Inc( ). (NYSE: AVT( )), has appointed a new regional president for Taiwan. Effective April 1, 2012 Vice President of Taiwan, Prince Yun will take over from industry veteran Samuel Fang who is stepping down after 16 years of championing Avnet’s business in Taiwan, and more than 35 years in the electronics distribution field. Mr. Fang will remain with the company, and has been promoted to the capacity of senior advisor, Avnet Electronics Marketing Asia.

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Mr. Yun, who will report to Stephen Wong, president, Avnet Electronics Marketing Asia, has more than 24 years of industry experience and joined Avnet Electronics Marketing in Taiwan in 1995, following the acquisition and integration of Mercuries Co. Ltd. where he had honed his skills in the fields of sales and product marketing. During the next 16 years, he held a number of roles within the organization, including his leadership of the Semiconductor Marketing team as well as the Sales and FAE departments, which he had built into a major revenue contributor for the Taiwan business. With these strong results, he was promoted to vice president for Asia, Avnet Electronics Marketing Taiwan in 2010.

With his resolute drive for profitable growth, Mr. Yun has continued to contribute to Avnet’s success in the region as evidenced by the record revenues for Avnet Electronics Marketing Taiwan in fiscal year 2011, and with outstanding return on working capital (ROWC).

“Samuel has been an inspirational leader for Avnet Electronics Marketing Taiwan. We would like to express our heartfelt appreciation for his exceptional contribution in growing our Taiwan business and building Avnet Electronics Marketing into one of the premier leaders in the electronics distribution industry in Taiwan,” said Stephen Wong. “Samuel is leaving the organization in excellent hands, and we sincerely wish him a pleasant and enjoyable new phase in his life.”

“In the interim, after 1 April 2012, Samuel will take a well-deserved break so that he can spend extended time with his closely-knit family, especially to enjoy his new grandchildren. Effective 2nd July, 2012, Samuel will henceforth assist me in special assignments in his new appointment as senior advisor. I am extremely delighted that Samuel has accepted this strategic role,” added Wong.

Commenting on the succession of Yun, Wong stated, “Prince Yun is the ideal choice for our next Taiwan leader — with broad experience and an excellent performance track record. With Prince at the helm, I believe Avnet will continue to enjoy business success and the customer satisfaction and loyalty which we have become renowned for, in Taiwan and around the region.”

About Avnet Electronics Marketing Asia( )

Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), has a significant presence in Asia. With its regional headquarters in Singapore, the company has offices in more than 50 locations in Asia. Avnet Electronics Marketing Asia distributes semiconductors, interconnects, passive and electromechanical components to serve a wide range of customers including original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, and small- to medium-sized businesses, and provides associated design-chain and supply-chain services. More information is available at

About Avnet

Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers in more than 70 countries worldwide. Avnet accelerates its partners’ success by connecting the world’s leading technology suppliers with a broad base of more than 100,000 customers by providing cost-effective, value-added services and solutions. For the fiscal year ended July 2, 2011, Avnet generated revenue of US$26.5 billion. For more information, visit

For further information please contact:

Jaime Chan: (852) 2410 2735

Brian Paterson (EBA): (852) 2537 8022

SOURCE﹛Avnet Electronics Marketing

Written by asiafreshnews

March 27, 2012 at 2:44 pm

Posted in Uncategorized

Risk Management an Increasingly Important Boardroom Topic in Asia

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Marsh Launches Asia Directors’ Series Publication to Help Directors and C-Suite Executives Tackle Today’s Risk Issues With Confidence

SINGAPORE, March 26, 2012 /PRNewswire-Asia/ — Company directors across Asia are becoming increasingly concerned about critical risk issues that they fear could have a serious impact of their companies’ balance sheets. According to Marsh, a global leader in insurance broking and risk management, buyer default, supply chain disruption and rising employee healthcare costs are just some of the issues that have recently become key board level concerns.

Alan Cheah, Managing Director and Region Head for Marsh in Asia, said: “Given the economic volatility and string of natural disasters in Asia last year, risk and risk management have quickly become boardroom topics across Asia. To do their jobs effectively, directors need to keep themselves informed of the latest global risk trends.”

To help company directors understand and manage these critical issues, Marsh today launches its Asia Directors’ Series, a quarterly publication that offers insight and practical solutions to help companies succeed in today’s volatile business environment.

In the first edition for 2012, the publication takes an in-depth look into:

— The rising prospect of buyer default for Asian suppliers, as insolvencies increase especially in the Eurozone;
— Lessons from the natural catastrophes in Asia Pacific during 2012, including business interruption insurance, supply chain risk management and business continuity management;
— How companies can contain the rising cost of employee healthcare while at the same time continue to attract and retain talent through creative employee benefits programs

Mr Cheah added: “Through this quarterly publication, Marsh provides company directors and executives with timely and practical insight they can immediately apply to their risk management programs. Today’s operating environment demands directors and executives to be ahead of the curve and the Asia Directors’ Series will help them do just that.”

To download Marsh’s Asia Directors’ Series, please click here( ).

About Marsh

Marsh( ), a global leader in insurance broking and risk management, teams with its clients to define, design, and deliver innovative industry-specific solutions that help them protect their future and thrive. It has approximately 25,000 colleagues who collaborate to provide advice and transactional capabilities to clients in over 100 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies( ) (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 52,000 employees worldwide and annual revenue exceeding $10 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter( ), a global leader in providing risk and reinsurance intermediary services; Mercer( ), a global leader in human resource consulting and related services; and Oliver Wyman( ), a global leader in management consulting. Follow Marsh on Twitter @Marsh_Inc( ).


Written by asiafreshnews

March 27, 2012 at 9:55 am

Posted in Uncategorized