Ingram Micro Officially Part of the HNA Group
**Editor’s Note: Please click here for a recap of the biggest channel-impacting mergers in September-October 2016.**
Ingram Micro on Tuesday announced the closing of the $6 billion acquisition by Tianjin Tianhai Investment Company, set in motion in February. Ingram Micro is officially a part of the HNA Group.
Just last week at the Ingram Micro ONE event in Las Vegas, Alain Monié, Ingram Micro CEO, told attendees that the acquisition wouldn’t change the distributor-partner relationship. Rather, he noted that the acquisition would better position Ingram to invest faster and take more risks. He reiterated his sentiments again Tuesday.
“As promised in February when we first announced our intent to join the HNA Group, it has been business as usual during this transition, and this does not change. Our strategic initiatives and our commitment to optimizing our partners’ businesses by delivering best-in-class service and solutions across the globe also do not change. Our teams remain in place across all countries and operations, serving the same vendor and customer partners. Most importantly, our day-to-day activities and operations do not change now that we have joined the HNA Group; if anything, with the support of the HNA Group’s global resources and expertise, we will be able to accelerate our growth and expand our reach to new markets as we continue to do what we already do so successfully every day. Our commitment to brand excellence, our strategy, purpose and values remain the same.”{ad}
Ingram Micro, a $43 billion company prior to the acquisition, is now part of a $100 billion company. The distributor will remain in its Irvine, California, headquarters led by current CEO Alan Monié.
Jeff Miller, sales engineer at Albany, New York-based TAG Solutions, told us he has no concerns about his company’s relationship with Ingram going forward. TAG is a Trust X Alliance partner.
“Our Ingram reps have assured us that the way we integrate with Ingram from the phone tree, to the sales teams, to quoting and processing POs won’t change. I personally believe that Ingram’s ongoing investment in growing cloud and security will be bolstered by the acquisition.”
In a communication with company associates, Monié also noted the appointment of a new board of directors, saying that Bill Humes, former CFO, and Larry Boyd, former executive vice president, general counsel and corporate secretary, are now on the Ingram Micro board.
Humes and Boyd joins Adam Tan, HNA Group vice chairman and CEO (board chair); Monié; Bharat Bhise, president and CEO of Bravia Capital; Dale Laurance, who recently served as chairman of Ingram Micro’s public company board; and Jim McGovern, former Under Secretary and Acting Secretary of the United States Air Force.
Gina Mastantuono, currently executive vice president, finance, at Ingram Micro, will become Ingram’s new CFO, effective Dec. 16. She’s been at Ingram since April 2013.
Augusto Aragone, vice president and associate general counsel, corporate and M&A at Ingram Micro, will replace Boyd, upon his retirement, to serve as Ingram’s executive vice president, secretary and general counsel. He joined the distribution company in 2008 as regional counsel for Latin America.
