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INGRAM MICRO TAPS KEY EXECUTIVES TO CREATE THE eSOLUTIONS GROUPNew unified approach to e-commerce to harness the power of the InternetSANTA ANA, Calif., May 5, 1999Ingram Micro, the world's largest wholesale distributor of technology products and services, announced formally today its unique approach to electronic commerce by leveraging two seasoned Ingram Micro executives, Guy P. Abramo, senior vice president marketing, worldwide, and Richard J. Kish, senior vice president/chief information officer, to co-chair the strategic new business unit, the eSolutions Group. Abramo, former executive at Yankelovich Partners and KPMG Consulting, and Kish, creator of barnesandnoble.com, teamed up with more than 190 associates from marketing, sales, and information technology to address and focus on Ingram Micro's customers' electronic commerce needs. This new strategic group reflects Ingram Micro's continued commitment and investment in electronic commerce technology by providing reseller and vendor partners with the latest suite of electronic business applications to compete successfully in the marketplace. "By creating the eSolutions Group, we are able to treat electronic commerce as a business unit and centralize accountability, allowing us to focus on the needs of the customers who want to do business electronically," states Abramo. "Bringing together all electronic commerce responsibilities into a single group gives us the opportunity to implement various resources and services while enhancing our relationships with our venders and resellers." According to a 1999 Gartner Group report, "Organizations with integrated strategic e-commerce groups are more efficient than those with decentralized, tactical ones. The more efficient we become, the better we will serve our customers." "In our fast-paced industry, this new entity will allow us to respond quickly to market changes, adapt to new technologies and ultimately, react like a small startup company," states Kish. "A cadre of business and information technology professionals, the eSolutions Group, is fully focused on creating and managing e-commerce tools and services for our partners." Ingram Micro is teaming up with KPMG LLP, a leading professional services firm, to implement a "virtual marketplace." This will allow the company to provide information tools and services through a single site on the World Wide Web. eSolutions Co-ChairsGuy P. Abramo is responsible for all global strategic marketing initiatives, company positioning and the eSolutions Group. Abramo joined Ingram Micro from Norwalk, Conn.-based Yankelovich Partners, one of the world's premier marketing and consulting firms. Prior to Yankelovich, he was managing director, marketing intelligence for KPMG Consulting, specializing in one-to-one marketing strategies. Richard J. Kish is responsible for defining and further developing the company's business applications and electronic-commerce solutions as well as the developing and deploying of all programs and software designs. Prior to joining Ingram Micro, Kish served as vice president, chief information officer for Barnes and Nobles Inc. in New York. There he led the planning, design, development and launch of barnesandnoble.com. About Ingram Micro Inc.Ingram Micro Inc. (NYSE:IM), headquartered in Santa Ana, Calif., is the world's largest wholesale distributor of technology products and services, and a leading provider of assembly and integration services with sales of $23.06 billion for the past four reported quarters. The company and its subsidiaries operate in 33 countries and distribute more than 225,000 products to more than 140,000 resellers in 130 countries. Forward-Looking StatementsCertain statements in this press release may be forward-looking statements that involve risks and uncertainties. Words such as "anticipates," "intends," "plans," "believes," "seeks," "estimates" and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on current expectations and projections about the technology distribution industry and assumptions made by Ingram Micro's management and are not guarantees of future performance. Therefore, actual events and results may differ materially from those expressed or forecasted in the forward-looking statements due to factors such as those identified in Exhibit 99.1 of Ingram Micro's annual report on Form 10-K for the fiscal year ended Jan. 2, 1999. Other risks or uncertainties may be detailed from time to time in Ingram Micro's future Securities and Exchange Commission filings. Ingram Micro undertakes no obligation to update any forward-looking statements in press releases. Contact
Alicia Soares |
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