Arrow Electronics 2000 Annual Report Download - page 50

Download and view the complete annual report

Please find page 50 of the 2000 Arrow Electronics annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 50

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50

In mid-2000, Stephen P. Kaufman stepped down as Chief Executive Officer of Arrow, while
retaining his position as Chairman of the Board. During the 14 years he served as CEO,
Steve provided the inventive leadership and bold strategic vision that transformed Arrow
from a $500 million national distributor to the $13 billion global leader of the electronics
distribution industry. Under his dynamic stewardship, Arrow Electronics achieved sharply
heightened levels of professionalism and productivity while acquiring 59 companies in 39
countries and increasing its market capitalization one hundred-fold.
“ In a few short years we will be a billion dollar company. That means we will have to
re-examine and change every aspect of how we do business and how we manage our
selves. Everything will have to be re-thought and re-taught. The only constant will be
change itself, and, of course, our values and integrity.” (April 1983)
“ Over the past decade our suppliers have become global, and our major customers have
become global. Thus, in spite of the current industry downturn, today’s announcement of our
acquisition of a European distributor signals that we have again broadened our vision and
horizons and are taking the initial steps to transform Arrow into the industry’s first, truly
global electronic components distributor.” (June 1985)
“ Having achieved sales of $2 billion last year – our next goal is not $5 billion. No, the next
challenge for a $2 billion company is $10 billion. By the year 2000, Arrow Electronics will be
a $10 billion company.” (March 1994)
“ We are going to create a new way of doing business for electronic components distribution;
we will write the new playbook for the future of the industry. This is, of course, the Arrow
way. This is our heritage. This is our strength.” (October 1997)