Rick Hamada is the CEO of Avnet, Inc., a position he has held since 2011 after joining the company in 1983. Starting as a technical specialist, he worked his way up through various roles, including COO and President of Avnet...
Rick Hamada is the CEO of Avnet, Inc., a position he has held since 2011 after joining the company in 1983. Starting as a technical specialist, he worked his way up through various roles, including COO and President of Avnet Technology Solutions. He has seen significant changes in the company and the industry over the years. Under his leadership, Avnet has focused heavily on aligning executive compensation with performance metrics designed to create long-term value for shareholders. For instance, his total compensation varies widely. In 2020, it peaked at over $3.2 million, while in 2022, it was about $2.9 million, mainly due to performance bonuses. During his tenure, he led the company through ups and downs, showcasing his resilience and understanding of the market. Hamada’s strategic decision-making is evidenced through his structured performance goals, such as adjusted operating income and market share. Even in retirement, his influence continues as he retains significant equity in the company, with his holdings reflecting years of service and loyalty to Avnet. Overall, Rick remains a key player in shaping Avnet's future and adapting to new business challenges.