Spierkel to Leave Ingram Micro, Monie Tapped as SuccessorThursday, January 19, 2012
Alain Monie will take over as chief executive of Ingram Micro Inc. tomorrow, the Santa Ana-based company announced Thursday afternoon.
Monie, who rejoined Ingram in November as president after a year heading a manufacturer in China, will replace Gregory Spierkel.
Spierkel joined Ingram in 1997 and served as president of the Asia-Pacific and the Europe, Middle East and Africa regions before being promoted to president in March 2004.
He became chief executive a year later.
Spierkel, who will remain with Ingram through a transition through April 15, said he wanted to spend more time with his family.
He leaves Ingram as it undergoes a systems overhaul designed to improve automation, operations and services for customers and vendors around the world.
Ingram is the biggest distributor of computers, software and other technology products in the world and the largest public company based in Orange County, with nearly $35 billion in annual sales.
Ingram has done the overhaul in seven countries and has 19 more on tap. The program began four years ago and has an expected companywide completion date of 2014.
The changeover went smoothly in Singapore, New Zealand, Chile, the Netherlands, Belgium and Indonesia.
Problems installing the software and hardware at its Australian operation dogged the company for most of 2011, bringing down earnings in the process.
Ingram spent months fixing the glitch, which appears to be corrected.
“I'm confident the company is in capable and experienced hands,” Spierkel said.
Monie, 61, joined Ingram as executive vice president in January 2003 and was appointed president of the Asia-Pacific region a year later.
He was named president and chief operating officer in 2007, and remained in those posts until last year, when he became chief executive of Asia Pacific Resources International Ltd., a China-based manufacturer of fiber, pulp and paper.
The position had remained unfilled until Monie’s return.
Monie will hold the titles of president and chief executive.
Prior stints include heading Latin American operations at Honeywell International and Asia-Pacific operations at Allied Signal Inc., where he led the company's expansion into China and India.
Ingram this afternoon also announced it expects to beat Wall Street’s profit target of $84 million in the recently-ended December quarter.
Monie cited “favorable margins on hard disk drives driven by global supply shortages” in the wake of the worst floods to hit Thailand in decades for the rosier outlook.
The company expects to report earnings Feb. 9.
Ingram shares traded relatively flat on Thursday on a market value of nearly $2.9 billion.