Arrow Electronics (NYSE:ARW) has announced a significant leadership transition within the company, appointing Eric Nowak as the new President of Global Enterprise Computing Solutions, effective April 2, 2024.

Nowak, who has been with Arrow Electronics for over 19 years, will succeed Kristin D. Russell in this key position.

Since 2014, Nowak has effectively served as the company's President of EMEA & ANZ Enterprise Computing Solutions, demonstrating his capability and experience in driving the company's success in these regions.

Kristin D. Russell, the outgoing President, will depart from the company following this transition.

In recognition of her contributions and in accordance with the company's Executive Severance Policy, Russell will be eligible for separation benefits following her termination without cause.

This leadership change marks a new chapter for Arrow Electronics as it continues to navigate the global enterprise computing solutions market.