Ingram Micro’s chief executive officer, Alain Monié, will step down as CEO and become executive chairman following the distributor’s Platinum Equity’s buyout six months ago.
He has been succeeded by Paul Bay, formerly executive vice president and president of the firm’s Global Technology Solutions.
In his new role, Monié will focus his time on working alongside Bay and Platinum Equity to continue to generate growth and maximise value for the company’s customers, partners and shareholders.
This changing of hands of the top role comes during a distribution shakeup six months after Ingram Micro itself was bought by Platinum Equity for $7.2bn, while rivals Tech Data and Synnex entered their own $7.2bn deal with a merger that saw the joint company, TD Synnex become the world‘s largest IT distributor.
“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,” said Monié.
“Over the past 11 years, Paul and his teams have dedicated themselves to our company and the industries we serve, demonstrating an unparalleled commitment to our people, our customers, our partners and our shareholders.”
Bay will continue to oversee the Global Technology Solutions business, and now leads the strategic planning, growth and development of the company’s Cloud Marketplace, CloudBlue platform, and environmentally focused IT Asset Disposition and Reverse Logistics businesses.
He joined the distributor in 1995 in vendor management and was subsequently promoted to VP.
Bay left the company in 2006 to serve as CEO of Punch Software, and returned in 2010 as executive VP and president of North America.
In 2016 he was named executive VP and group president of the Americas before being appointed as executive VP and president of Global Technology Solutions.
Bay added: “Ingram Micro is a remarkable organisation thanks to Alain and his leadership over the last decade.
“Alain has been a dedicated leader and a valued mentor, consistently delivering significant innovation and growth for our customers and partners, including through targeted organic investment and M&A.
“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.”
More executive reshuffles
With Bay sitting in the top role of the company, Ingram Micro has also promoted Kirk Robinson to executive vice president and president of North America.
Robinson remains head of the company’s US business, and takes on additional responsibility for Ingram Micro Canada, teaming up with senior VP and chief country executive Bill Brandel.
Moreover, Luis Férez has been promoted to senior VP and president of Latin America, adding oversight across the company’s businesses in Latin America, while also maintaining his responsibilities as chief country executive of Mexico and head of Ingram Micro Colombia and Peru.
Both Robinson and Férez join the company’s executive leadership team.
Separately, Nimesh Davé, executive VP and president, Global Cloud, has decided to pursue interests outside of Ingram Micro and will transition over the coming months.
As a result, the cloud executive team is now under Bay’s leadership.