Ingram Names Monie CEO

By Alan Wolf -- TWICE, 1/19/2012

Santa Ana, Calif. - Global IT distributor Ingram Micro has promoted president/COO Alain Monie to CEO, effective April 20.

 Monie, who rejoined the company in November as president and will retain that title, succeeds Gregory Spierkel.

"We are confident that Alain is uniquely positioned to guide the company," chairman Dale Laurance said in a statement. "He is an outstanding and worldly leader, fluent in three languages with first-hand global business experience. He has proven to be a strong executive with good strategic thinking."

Added Monie: "Ingram Micro has a solid strategy with a strong management team. We will continue to execute this strategy. I look forward to leading the team toward delivering on our key initiatives, while providing best-in-class performance for our customers, vendors and shareholders."

Monie originally joined Ingram as executive VP in 2003 and was appointed president of the Asia-Pacific region a year later. He was promoted to president/COO in 2007 and resigned three years later to become CEO of April Management, a multinational industrial company based in Asia.

Prior to joining Ingram, he headed Latin American operations at Honeywell International, and Asia-Pacific operations at Allied Signal. Monie has been a member of the Amazon.com board since 2008, and was elected to the board of Ingram Micro in November.

Separately, the company said it expects its fourth-quarter earnings ended Dec. 31, 2011, to exceed analysts' estimates. "We finished the year with solid overall operating results, with revenue in-line with our expectations and profitability benefiting from favorable margins on hard disk drives driven by the global supply shortage," Monie said.  Ingram will post its Q4 and full-year results on Feb. 9.