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Ingram Micro Shakes Up Leadership in Wake of Sale

The $6 billon sale of Ingram Micro Inc. last month to Chinese conglomerate Tianjin Tianhai Investment Company Ltd. ushered in some management and board changes at the world’s largest technology products distributor.

Bill Humes has ceded his role as chief financial officer and accepted a position on Ingram Micro’s revamped board. 

Humes, who spent 18 years at the company, was instrumental in handling the financial challenges of the sale, which ultimately gained approval by regulators in China.

He has been replaced as finance chief by Gina Mastantuono, who’d held the title of vice president of finance. The New York native is lauded in financial and tech circles and was recently honored by the National Diversity Council as one of the Top 50 Most Powerful Women in Technology, an honor that came amid ongoing notice that the tech sector is a predominantly male-driven industry that has made some strides in the past few years to diversify executive ranks and hire more women, Latino-Americans and African-Americans in engineering roles.

Mastantuono last year earned the nod in the Rising Star category at the Business Journal’s annual CFO of the Year Awards.

She says she’s big on mentorship programs, an avid advocate of corporate diversity, and strives to assemble an applicant list comprised of half women and minorities for any available leadership positions at Ingram.

Larry Boyd, a 17-year Ingram veteran, has retired from his role as executive vice president, general counsel and corporate secretary and joined the board. Augusto Aragone, who joined the company in 2008 as regional counsel for Latin American operations, succeeded him.

Ingram will maintain its headquarters in Irvine and operate as a stand-alone unit of HNA Group, a Hainan-based Fortune Global 500 company with major operations in aviation, tourism and logistics and $90 billion in assets.

“Not only does this partnership provide us the added flexibility and resources to further innovate and accelerate Ingram Micro’s growth potential, it also increases our ability to invest more in adding new capabilities and businesses,” Chief Executive Alain Monié wrote in a letter to employees after the deal finalized.

Monié is expected to remain with the company.

Tech Trends for ‘17

Now is the time for predictions, and here’s a look at some big tech trends that will take root this year, according to the Los Alamitos-based IEEE Computer Society.

• The industrial IoT segment, with millions of active sensors, will be one of the biggest targets for big-data analytics.

• Self-driving cars will see broader adoption in constrained local settings, such as airports and factories.

• A wide range of applications and software products will emerge that incorporate artificial intelligence, machine learning and cognitive computing.

• 5G likely won’t see immediate adoption this year, though roadmaps and standards are being developed, pushing its evolution and eventual deployment.

• Smart sensors, targeting an array of markets, including smart transportation and smart homes, retail, surveillance, sports and entertainment, and industrial IoT, will implement intelligence “at the edge,” a term that refers to devices or sensors that generate data on their performance and operations in the field in real time.

• Blockchain, the technology behind virtual currency Bitcoin, will offer more uses, potentially changing various processes, such as voting, financial transactions, title and ownership, anticounterfeiting and digital rights management.

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