Recent Updates — ARW

Arrow Electronics announced that Eric Nowak will retire at the end of March 2027 following 22 years with the company. The firm appointed Rodney Clark, who brings global leadership experience from Cisco, Johnson Controls, Microsoft, and IBM, as his successor. Clark's employment is expected to begin on November 9, 2026, while Nowak will step down from his role as President of Global Enterprise Computing Solutions effective December 31, 2026, serving in an advisory capacity until retirement. The departure is for personal reasons and not due to any disagreement with the company. Arrow Electronics operates in the electronic components distribution industry.

Arrow Electronics entered into Amendment No. 36 to its North American Asset Securitization Facility on September 2, 2026. The amendment increases the facility limit from $1.5 billion to $1.75 billion and extends the maturity date from September 10, 2027, to September 2, 2029. It also adds a step-up provision for leverage ratios during material acquisitions and modifies certain definitions. The participating banks include Bank of America, PNC Bank, Truist Bank, Wells Fargo, Mizuho Bank, and Sumitomo Mitsui Banking Corporation. Arrow Electronics operates in the electronics distribution industry.

Arrow Electronics reported second-quarter 2026 results with total revenue of $10.0 billion, a 32% year-over-year increase, and diluted earnings per share of $5.26, both exceeding guidance. The company also announced the appointment of Deidra C. Merriwether as President and Chief Operating Officer, effective September 8, 2026. Merriwether will receive a $900,000 base salary, a $1.125 million target annual cash incentive, and significant equity awards including a $6.5 million RSU grant and a $3 million PSU/RSU package, along with a $535,000 sign-on bonus. Arrow Electronics sources and engineers technology solutions for manufacturers and service providers.