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Ingram Restructures; Coakley Leaves Post

SCOTTSDALE, ARIZ. – Ingram Micro has announced a corporate restructuring and, as part of it, Ingram Micro Consumer Electronics (IMCE) reported that Tim Coakley, merchandising and vendor management VP, has left the company.

Tom Bamrick, VP/general manager, and Josh Finkelstein, senior group manager/marketing of IMCE, will now share executive marketing responsibilities, with Alexandra Harding continuing as vendor management director, reporting to Bambrick, according to Finkelstein.

The restructuring, part of the company’s 2014 Global Organizational Effectiveness Initiative, impacts “less than 180 associates throughout North America” and impacts nearly 40 offices worldwide. The specific number of employees affecting the IMCE operation was not disclosed.

The move was made to “further align its resources to better capitalize on its investments, while actively recruiting more than 300 positions across North America,” Ingram said.

The distributor said that IMCE is one of the first regions to implement the initiative, which calls for the company to realign its organization globally to “become more agile and at the same time use the cost savings from these efforts to invest in strategic areas of the business that will position the company to grow more profitably and provide a better experience for its partners.”

In its fiscal fourth quarter, ended Dec. 28, 2013, net sales were up 4 percent year on year to $11.6 billion, with net income up $11 million, to $112 million, and operation income increasing $5 million, to $173 million.

In other news, IMCE signed to carry Hisense USA’s line of smart TVs.