Corrected: BUZZ-Arrow Electronics CEO to step down, COO to succeed; shares down

Arrow Electronics

02/05/2022 19:22

(Corrects to COO from CEO in fourth bullet)
    ** Shares of electronic components distributor  ARW.N  fall
as much as 1% to $116.61
    ** ARW names Sean Kerins as president and CEO, effective
June 1  urn:newsml:reuters.com:*:nBw4l62HHa
    ** Kerins succeeds Michael Long who will become executive
chairman of Arrow 
    ** Kerins has been with co for nearly 15 years and served as
COO since December 2020 
    ** Stock has fallen ~13% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))