IT distributor Ingram Micro has appointed Paul Bay as its new chief executive officer, who steps up from his previous position of executive vice president and president of Global Technology Solutions.
The change comes as current CEO Alain Monié transitions to the role of executive chairman following ten years of leadership.
“It is with a profound sense of pride that after ten years as Ingram Micro’s CEO, I am transitioning the role to a leader in Paul who clearly has the credentials and trust of his peers to continue to build on our industry leadership with a partner-first mentality,” Monié commented.
“Paul is an exceptional leader and an agile learner, and I cannot think of anyone better suited to guide Ingram Micro through our next chapters.”
Bay will continue to oversee the Global Technology Solutions business but will now also front the strategic planning, growth, and development of the company’s Cloud Marketplace, CloudBlue platform - as well as the environmentally focused IT Asset Disposition and Reverse Logistics businesses.
“I’m honoured to be CEO of such a phenomenal team and build further on our strategic imperatives to transform and modernise the way we do business, remove complexity for our partners, and be an indispensable business behind the many brands we serve,” Bay said.
In his new role of executive chairman, Monié will now focus his time on working alongside Bay and Ingram Micro owner, Platinum Equity, to continue to generate growth and maximise value for the company’s customers, partners and shareholders, the company said.
“We’re thrilled Alain is executing on a thoughtful and effective succession plan and believe Paul is the right leader to take over as CEO to lead Ingram Micro’s continued growth and transformation,” said Christian Cook, managing director of Platinum Equity.
“We are eager to deploy considerable financial resources and expertise to help Ingram Micro pursue an even more aggressive agenda of growth, continuing to anticipate and support the needs of its valued customer and vendor partners.”
Ingram Micro is also making changes elsewhere, with Kirk Robinson being promoted to executive vice president and president of Ingram Micro’s North America business. Luis Ferez also joins the leadership team as senior vice president and president of Latin America.
Elsewhere, Nimesh Davé, executive vice president and president of Ingram’s Global Cloud business, is to leave the company over the coming months. New CEO Paul Bay will lead the Cloud executive team.
