Distributor of computer and electronic equipment.

Go To

Fortune 500 Job Source

Arizona Job Source

Add Your Resume

Headquarters: 2211 South 47th Street
Phoenix, AZ 85034
Employees: 16,000
CEO: Roy Vallee
Stock Symbol: AVT

Website: http://www.avnet.com

Career Site

Avnet, Inc. provides cost-effective services and solutions vital to a broad base of more than 100,000 customers and 300 suppliers. The company markets, distributes and adds value to a wide variety of electronics components, enterprise computer products and embedded subsystems.

Avnet is one of the world's largest industrial distributors of electronic parts, enterprise computing and storage products and embedded subsystems, creating a vital link in the technology supply chain.

In addition to its core distribution services, Avnet markets, adds value and creates demand for the products of the world's leading electronic component suppliers, enterprise computing manufacturers and embedded subsystem providers. Avnet brings a breadth and depth of service capabilities, such as supply-chain and design-chain services, logistics solutions, product assembly, device programming, and computer system configuration and integration.

Avnet is composed of two operating groups, a global logistics operation and a corporate services organization. Each group operates globally, with locations in the Americas, Europe, the Middle East and Africa (EMEA) and Asia. Avnet's Corporate Services Group provides back-office support.

The company has over 300 locations worldwide.

In fiscal 2010, Avnet reported record revenues of $19.1 billion and net income of $410.3 million.


In the early 1900s, Charles Avnet began selling surplus parts on the radio rows of U.S. port cities. The radio was the big thing, and ham radio enthusiasts, designers, inventors and ships docking in New York for their homemade ship-to-shore radios would visit the parts sellers to pick up what they needed. Buying from suppliers, selling to customers by 1921 Mr. Avnet was considered a pioneer in the fledgling electronic components distribution business.

When factory-made radios hit the popular consumer market in the mid-1920s, Mr. Avnet again adjusted his distribution pipeline and began selling parts in quantity to dealers and manufacturers. He branched out into automobile antenna assembly and car radio kits over the next decade, and as World War II came on his son, Lester Avnet, joined him in making antennas for the U.S. armed forces.

Charles Avnet's namesake business was flourishing. In 1955, the same year the company began assembling connectors in New York City, Avnet was incorporated. Robert Avnet, another of Charles Avnet's sons, was named chairman and CEO of the family business. Lester Avnet became president. The family-run company reached its first $1 million sales milestone a year later.

The company went public in 1959 on the American Stock Exchange.


Health Care - Four medical plan options, two dental plans, vision plan and flexible spending accounts.
Insurance - Basic life insurance, accidental death insurance, travel accident insurance, supplemental life insurance.
Cash Balance Pension Plan - Employees accrue benefits in two separate accounts -- Age Based account and Guaranteed Minimum account (3% of base pay). When vested employee retires, he or she will receive the account that is greater in value. Plan is funded entirely by Avnet and vests in five years.
401 (k) Savings Plan - Avnet will match 6% of contributions each quarter if the company is profitable, up to $3,000.
Employee Stock Purchase Plan - 15% discount
Sick leave - 48 hours accrue each year based on 4 hours per month. New exempt hires receive 10 days of sick leave.
Paid Vacation - Based on years of service: 1-4 years - 10 days; 5-9 years - 15 days; 10 years or more - 20 days
Holidays - Nine paid holidays including two floating days per year.
Tuition Reimbursement - Up to $5,000 per year
Computer Loan Program - Up to $2,500 loan to purchase a computer interest-free for one year.
Other Benefits - Employee assistance program, business casual dress code, discounts on products and services.

Updated May 21, 2011