Tech Data Corp. has announced that its chairman, Steven Raymund, plans to retire from the company's board at the end of his term, in early June.
Following the Clearwater-based company's annual shareholders meeting on June 7, Tech Data CEO Robert “Bob” Dutkowsky will assume the chairman's title, the company says.
“Tech Data has been an important part of my life since I joined the company that my father founded, and its growth and evolution into a global leader have been nothing short of remarkable,” Raymund says.
“Bob's exceptional leadership over the past 10 years has led the company to new heights, and I am confident that Tech Data is well-positioned for continued success.”
Raymund joined Tech Data in 1981, and worked as its CEO for two decades, from 1986 through September 2006, a period in which the company grew significantly and expanded internationally.
He has been the company's chairman since 1991 and a member of its board since 1986.
“Steve's contributions to Tech Data are immeasurable,” Dutkowsky says. “He has left an indelible mark on our company, our industry and our community.”
Dutkowsky joined Tech Data in 2006 as its CEO and as a member of the company's board, a position he will retain following the chairmanship transition. During his tenure, Tech Data has entered new markets and incorporated new technologies into its business.
Charles “Eddie” Adair will remain the company's lead independent director following Raymund's retirement.
In its most recently concluded fiscal year, ended Jan. 31, Tech Data generated net sales of $26.2 billion. The company ranks among the top wholesale distributors of technology products, utilizing more than 115,000 resellers who work in more than 100 countries around the world.