Presidente y COO Anthony Ibargüen renuncia para perseguir nueva oportunidad; Néstor Cano es promovido a Presidente de las Américas

1° de diciembre de 1999 - En inglés

CLEARWATER, FL - Tech Data Corporation, a leading global distributor of technology products, today announced that its president and chief operating officer, Anthony A. Ibargüen, is resigning to join Wayne, Pa.-based Internet Capital Group. Ibargüen helped lead Tech Data to record growth while building a world-class management team over the past three years. Néstor Cano, Tech Data's executive vice president of U.S. sales and marketing, will be promoted to president of the Americas responsible for U.S., Canadian and Latin American operations. Cano will report to Chairman and Chief Executive Officer Steven A. Raymund.

"Although it is regrettable that Tony is moving on after making so many invaluable contributions, we are fortunate that his departure comes at a time when we have more senior management depth and experience than ever," Raymund commented. "I am confident that Néstor and the rest of our senior management team will do an excellent job in assuming Tony's responsibilities and ensuring we continue to meet both long- and short-term objectives."

Before joining Tech Data's headquarters team in January, Cano's diverse industry experience included 10 years with the company's Computer 2000 subsidiary in Europe. As managing director overseeing operations in Spain and Portugal, Cano developed an extremely efficient and highly profitable organization that outpaced competitors in these markets. Prior to Computer 2000, he was a partner and managing director at CCR Informatica, a Barcelona-based reseller. He is fluent in Catalan, which is his native language, as well as English and Spanish.

"Tech Data is particularly well-positioned right now and winning more business every day," Cano pointed out. "I feel fortunate to lead this terrific management team, and I am confident that we can build on our current momentum in the Americas and throughout the world."

Raymund's other direct reports will also now include Executive Vice President of Worldwide IT and Logistics H. John Lochow, President of Tech Data Europe Karl Pohler, and Senior Vice President of Human Resources Lawrence W. Hamilton, who all previously reported to Ibargüen. Executive Vice President and Chief Financial Officer Jeffery P. Howells will continue reporting to Raymund. The company is not seeking a president and chief operating officer to replace Ibargüen.

Ibargüen joined Tech Data as president of the Americas in September 1996 and was named president and chief operating officer in March 1997 and a member of the Board of Directors in June 1997. Prior to Tech Data, Ibargüen was executive vice president of sales and marketing for ENTEX Information Services Inc. He will assist with the transition over the next several weeks before joining Internet Capital Group (ICG), where he will be managing director of operations and president of professional services. ICG is an Internet holding company actively engaged in business-to-business e-commerce through a network of more than 45 partner companies.

"The last three years have been a very rewarding experience for me as Tech Data has been the fastest-growing and most profitable company in our industry. I am particularly proud of the team's success in becoming the industry's leader in innovation and customer service," Ibargüen said. "My decision to leave was made difficult because of the many outstanding people at Tech Data and the opportunity the company has in the future."

About Tech Data