SANTA ANA, Calif., March 23 /PRNewswire-FirstCall/ -- Ingram Micro Inc. (NYSE: IM), the world's largest technology distributor, today announced the retirement of Michael J. Grainger, president and chief operating officer.
Grainger, 51, joined Ingram Micro in May 1996 as chief financial officer and added the title of executive vice president in October of that year. He played an instrumental role in the company's initial public offering, which was completed in November 1996. He was promoted to president and chief operating officer in January 2001.
"Mike has been a valuable member of our executive team, and I've been impressed by his leadership strength and knowledge," said Foster. "He helped transform Ingram Micro from a privately-owned subsidiary to a global leader. The company's board of directors and associates are truly grateful for his contributions for nearly eight years. We wish him happiness and success in retirement."
As announced separately today, Ingram Micro promoted Kevin Murai and Greg Spierkel to corporate presidents, effective immediately.
About Ingram Micro Inc.
As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services and product aggregation and distribution. The company serves 100 countries and is the only global IT distributor with operations in Asia. Ranked 81 on the Fortune 500, Ingram Micro generated $22.6 billion in revenues for fiscal year 2003. Visit www.ingrammicro.com/corp .
SOURCE Ingram Micro Inc.