Avnet, Inc. Company Profile
Avnet, Inc. Company Profile About Avnet
Information
Avnet is a FORTUNE 500 company and one of the world’s largest global distributors of electronic components, computer products and embedded technology serving customers in more than 115 countries. From components to cloud and design to disposal, Avnet brings products, services and solutions to customers that build, sell and use technology, globally.
Avnet key facts • $27.9 billion in FY15 annual revenue » EM – $17.34B » TS – $10.58B
Avnet’s two operating groups –
• Named to the FORTUNE “World’s Most Admired Companies®” 2015 list, ninth year in a row
Electronics Marketing (EM) and
• Ranked #108 on the FORTUNE 500 in 2015
of the world: the Americas; Europe, the
Technology Solutions (TS), operate in the three major economic regions Middle East and Africa; and Asia Pacific.
• Named as a 2015 World’s Most Ethical Company by Ethisphere Institute • 96 acquisitions since 1991 • 100,000+ customers • More than 800 suppliers • 400+ locations worldwide • Ships more than 30,000 line items per day
Electronics Marketing serves electronics original
Technology Solutions collaborates with
equipment manufacturers and electronic
customers and suppliers to create and deliver
manufacturing services providers globally,
services, software and hardware solutions
distributing electronic components and embedded
that address the business needs of end-user
systems from leading manufacturers and
customers locally and around the world.
providing design-chain and supply-chain services.
Q4 Fiscal Year 2015 Financial Results
Avnet‘s executive leadership team
Avnet, Inc.:
• Sales of $6.8 billion increased 3.1% year over year in constant currency but declined 3.6% on a reported basis. In constant currency, high single digit growth at EM was partially offset by a decline at TS primarily due to the weakness in the computing components business.
Rick Hamada
• Adjusted operating income decreased 0.4% year over year (increased 10.0% in constant currency) to $243.8 million and adjusted operating income margin increased 12 basis points to 3.6% as improvement in the EMEA region at both operating groups in constant currency was negatively impacted when translating those results into U.S. Dollars.
Chief Executive Officer
• Adjusted diluted earnings per share increased 1.8% Y/Y to $1.16. • Avnet’s ROWC increased 44 basis points year over year and ROCE was up 21 basis points primarily due to an increase at TS. • Cash generated from operations was $299.3 million in FQ4 and $584 million for the trailing twelve months.
Kevin Moriarty
• Paid a quarterly cash dividend of $0.16 per share or $21.7 million, and has paid $87.3 million for the full fiscal year.
Chief Financial Officer
• The Company repurchased $15.8 million worth of stock, or 368,364 shares, at an average price of $42.86. Through July 31, 2015, the Company has repurchased approximately $64 million worth of stock and has approximately $238 million remaining in the share repurchase program.
Gerry Fay President, Avnet Electronics Marketing
Electronics Marketing:
• Sales of $4.32 billion increased 7.2% year over year in constant currency with all three regions contributing and was essentially flat on a reported basis. • Sales increased 3.0% sequentially in constant currency or 2.3% on a reported basis, which was in-line with the normal seasonal range of flat to +4% primarily due to growth in constant currency across all three regions.
Patrick Zammit President, Avnet Technology Solutions
• Operating income margin of 4.8% was essentially flat from the year ago quarter primarily due to the geographic mix shift as the higher margin EMEA region represented a lower percentage of total EM after translating the results to U.S. Dollars and the negative impact of the higher mix of sales from select high volume supply chain engagements in Asia. Sequentially, operating income margin increased 9 basis points primarily due to an improvement in the EMEA region.
MaryAnn Miller Chief Human Resources Officer and Corporate Marketing & Communications
Technology Solutions:
• Sales decreased 3.5% year over year in constant currency, or 9.2% on a reported basis, to $2.48 billion, primarily due to the translation impact of the strong U.S. Dollar and a significant decline in the computing components business. • Operating income margin of 3.1% increased 42 basis points from the year ago quarter primarily due to an increase in the EMEA region partially offset by a decline in the Asia region primarily related to the computing components business. Operating income margin increased 42 basis points sequentially primarily due to improvements in the Americas and Asia regions.
Erin Lewin General Counsel
• Y/Y growth in networking and servers was offset by declines in storage and computing components. See CFO report at http://ir.avnet.com/results.cfm for complete details.
Steve Phillips Chief Information Officer
FQ4 2015
FQ4 2014
% Change
4,316 2,480 $6,796
4,319 2,730 $7,049
-0.1% -9.2% -3.6%
Operating Income* EM TS Corporate Total
206 78 -40 $244
207 74 -36 $245
-0.5% 4.7% – -0.4%
Net Income* Diluted Earnings Per Share
159 $1.16
160 $1.14
-0.4% 1.8%
Revenue* EM TS Total
Mike Buseman Chief Global Logistics and Operations Officer
*Revenue, Op Income and Net Income in millions. Note: Op Income, Net Income and EPS do not include restructuring, integration, amortization of intangibles and other items.
Key financial metrics Revenue ($ in Billions) $7.6 $7.0 $6.6 $6.2 $5.8 $5.4 $5.0 $4.6 $4.2 $3.8 $3.4 $3.0
Sales by region Q4 FY15
GAAP EPS Adjusted EPS $1.6 $1.4 $1.2
31.8%
40.7%
Asia
$6.80
Americas
Billion
$1.0 $0.8 $0.6 $0.4
Q4 FY13
Q1
Q2
Q3 FY14
Q4
Q1
Q2
Q3
Q4
27.5% EMEA
$0.2 $0.0
Q4 FY13
FY15
Investor Relations Vince Keenan Vice President and Director
Global Press Contact Joal Redmond Vice President, Public Relations
World Headquarters 2211 South 47th Street Phoenix, AZ 85034
480-643-7053 [email protected]
480-643-5528 [email protected]
For additional information, please visit www.ir.avnet.com
Q1
Q2 FY14
Q3
Q4
Q1
Q2
Q3
Q4
FY15
www.avnet.com © 2015 Avnet, Inc. All rights reserved. REV: 8/5/15
11/2/2015
The power of partnership | Avnet, Inc.
The power of partnership Home > Who we are > The power of partnership Overview Infographic
The power of partnership works At Avnet, we‘ve called Phoenix our home for nearly 25 years and are proud to have become the largest publicly held company headquartered in Arizona. Our business revolves around the power of partnership, bringing people and technology together to do amazing things. And it all starts with our community. We’re proud to be a part of many initiatives that make Phoenix such a great place to live, work and play. And we look forward to helping build an even stronger city in the years to come.
Bettering communities one partnership at a time Through the Avnet Cares program, our employees lead the charge in making a profound and lasting impact on communities around the world. Thousands of volunteer hours and millions of dollars in employee donations and matching corporate grants have helped to transform schools, neighborhoods, cities and lives—both home and abroad. Our passion for community involvement is rooted in the strong belief that anything can be achieved when we partner together.
http://www.avnet.com/en-us/who-we-are/Pages/power-of-partnership.aspx
1/2
11/2/2015
Corporate responsibility | Avnet, Inc.
Corporate responsibility Home > Who we are > Corporate responsibility Overview Environmental stewardship Governance and integrity Conflict minerals Our people
A commitment to the things that matter Doing business the right way We believe that maintaining a high level of employee engagement is the key ingredient for responsible business. By focusing on people development, operational excellence and profitable growth, we're able to realize our vision of being a premier, trusted business partner and delivering the highest value to our customers, suppliers and shareholders.
Rooted in our people A culture of engaged employees is our highest priority and supports our core values of integrity, customer service, accountability, teamwork and innovation. Integrity is our number one core value by design. It comes first and guides our day-to-day decisions wherever we do business. Avnet's Ethics and Compliance program helps protect our culture and reputation by providing resources that help employees make ethical decisions at work. The program develops and distributes awareness materials including the Code of Conduct; provides legal compliance and ethics training; investigates reports of misconduct; and manages the Ethics Alertline available 24/7 to employees, vendors, suppliers, customers and other third parties worldwide to report compliance and ethics related concerns.
http://www.avnet.com/en-us/who-we-are/Pages/corporate-responsibility.aspx
1/2
11/2/2015
Corporate responsibility | Avnet, Inc.
A pledge of transparency Ethical conduct begins with transparency in our policies, procedures and transactions. We reinforce this commitment through ongoing training and a thorough audit process. Avnet was recognized by the Ethisphere® Institute as one of the World's Most Ethical Companies in 2014 and 2015. Read more (http://news.avnet.com/index.php?s=20295&item=127069). We are also a participant in the Carbon Disclosure Project. Our results appear in our 2014 Carbon Footprint Analysis (/en-us/who-we-are/Documents/DFGE-Carbon-Footprint-Report2014-Executive-Summary-Avnet.pdf) and 2014 Corporate Social Responsibility Report (/enus/who-we-are/Documents/Avnet-CSR-Report.pdf).
http://www.avnet.com/en-us/who-we-are/Pages/corporate-responsibility.aspx
2/2
11/2/2015
The power of partnership | Avnet, Inc.
(http://youtu.be/5RTD3Z1Md6E)
Avnet volunteerism ranks 8th in Arizona From sprucing up local schools and building homes for low-income families to serving meals at shelters and sorting donations at food banks, Avnet’s 2,429 Arizona employees volunteered 14,668 hours in 2013, placing the company at No. 8 on The Phoenix Business Journal’s 2014 list of Arizona’s Top 24 corporate volunteer programs. Of course, with more than 18,000 employees worldwide volunteering for a wide range of projects each year, the company’s total number of volunteer hours is much higher— demonstrating how much people are able to accomplish when their employers support their desires and passions.
http://www.avnet.com/en-us/who-we-are/Pages/power-of-partnership.aspx
2/2
11/2/2015
The power of partnership | Avnet, Inc.
http://www.avnet.com/en-us/who-we-are/Pages/power-of-partnership.aspx
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11/2/2015
The power of partnership | Avnet, Inc.
http://www.avnet.com/en-us/who-we-are/Pages/power-of-partnership.aspx
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11/2/2015
The Millennials Approach to Fundraising | Avnet Voices
About Avnet Voices
The Millennials Approach to Fundraising
Avnet.com
Subscribe Your email:
Janet Woods | July 31, 2015 | Community Involvement | No Comments
There are a lot of statistics on the millennial generation. The latest
one I read states that in just five years millennials will make up 50 percent of the workforce. It’s widely known that this key generation of workers has a different view on everything—from career aspirations to work culture—and are hyperaware of corporate social responsibility efforts. I for one couldn’t be happier knowing this because I’ve seen firsthand the fresh perspective and fearlessness they bring. Each summer, Avnet offers a 12week, projectbased, paid internship that provides undergraduate college students the opportunity to gain realworld experience in a global Fortune 500 company. One of the interns’ first projects entails helping in the community. During orientation week, this year’s 67 interns helped refresh the playgrounds and outside areas of Homeward Bound, an organization that provides traditional housing and services to women and children fleeing domestic violence or homelessness.
Recent Posts Three Factors to Consider When Designing a Fulfillment Network for the Future A Racecar and Firstgraders Finish Faster with Donations from Avnet The Color Blue, a Trip to the Zoo and a Tutu: Three Ways Avnet’s Aussie Team is Making a Difference Avnet U.K. Employees Run and Ride to Help Nonprofits Avnet Employees Kick Off Global Month of Service
But their community commitment didn’t stop there. They brought a new spirit to our annual backtoschool fundraiser that supports Operation Back to School Chandler, an organization that provides underprivileged students with backpacks, school supplies, shoes, socks, underwear and uniforms. http://blogging.avnet.com/weblog/avnetvoices/2015/07/31/the-millennials-approach-to-fundraising/
Categories Awards and Recognition Community Involvement 1/4
11/2/2015
The Millennials Approach to Fundraising | Avnet Voices
In my last blog, I highlighted some of the ways our offices have fun
Intern Program
while fundraising. Our interns took it to a new level this summer by
Supply Chain
initiating the mascot wars, bringing a different level of engagement, spirit and competition to our fundraising environment.
Links
The backtoschool themed mascot wars engaged the competitive
Avnet.com
and prideful spirit of anyone loyal to their college alma mater.
Avnet Insights
Employees made charitable donations to have their school’s mascot
Behind the Firewall
placed on the office door or cubicle of a coworker. These coworkers
Simply the Best CX
could then make a charitable donation to repay the favor by tagging their coworker with their school’s mascot, or pay to have their door or cubicle untagged entirely.
Avnet Advantage EBV Blog
With an office full of rival Arizona State University and University of
Avnet Technology Solutions EMEA Blog
Arizona graduates, along with feisty University of Michigan and Ohio
Engineer's Insight Blog
State University alumni to name a few, the tagging was fast and
Avnet Technology Solutions Asia Pacific Blog
furious. Our Avnet Executive Board members got involved, too. Our CEO Rick Hamada’s door was covered in mascot tags, and one Ohio State University alumni was the recipient of 42 Michigan tags. Not only did the mascot wars raise more than $2,200 and fill 320 backpacks with supplies, it also raised a lot of discussion about best college teams and best practices for fundraising. Our interns have been asked to help create a few more new ideas for fundraising before they head back to school. Their insight, spirit and fearlessness has left a lasting impression, and I can’t wait to see what the next few years look like as more millennials enter the workforce.
Related Posts
http://blogging.avnet.com/weblog/avnetvoices/2015/07/31/the-millennials-approach-to-fundraising/
2/4
11/2/2015
The Millennials Approach to Fundraising | Avnet Voices
Related Posts Volunteering for Volunteerism: How Our Employees Lead the Way for Others
Get Reacquainted with Why and How No Comments | Mar 20, 2015
No Comments | Jun 19, 2015
Helping Young and Old in Bangalore
Unearthing New Ways to Volunteer
No Comments | Apr 3, 2015
No Comments | Aug 19, 2015
About The Author Janet Woods Janet Woods is the global program manager for Avnet Cares. She is responsible for leading Avnet’s global efforts to support employee volunteerism and charitable giving.
Add a Comment
Your email address will not be published. Required fields are marked * Name:*
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Information
Avnet is a FORTUNE 500 company and one of the world’s largest global distributors of electronic components, computer products and embedded technology serving customers in more than 115 countries. From components to cloud and design to disposal, Avnet brings products, services and solutions to customers that build, sell and use technology, globally.
Avnet key facts • $27.9 billion in FY15 annual revenue » EM – $17.34B » TS – $10.58B
Avnet’s two operating groups –
• Named to the FORTUNE “World’s Most Admired Companies®” 2015 list, ninth year in a row
Electronics Marketing (EM) and
• Ranked #108 on the FORTUNE 500 in 2015
of the world: the Americas; Europe, the
Technology Solutions (TS), operate in the three major economic regions Middle East and Africa; and Asia Pacific.
• Named as a 2015 World’s Most Ethical Company by Ethisphere Institute • 96 acquisitions since 1991 • 100,000+ customers • More than 800 suppliers • 400+ locations worldwide • Ships more than 30,000 line items per day
Electronics Marketing serves electronics original
Technology Solutions collaborates with
equipment manufacturers and electronic
customers and suppliers to create and deliver
manufacturing services providers globally,
services, software and hardware solutions
distributing electronic components and embedded
that address the business needs of end-user
systems from leading manufacturers and
customers locally and around the world.
providing design-chain and supply-chain services.
Q4 Fiscal Year 2015 Financial Results
Avnet‘s executive leadership team
Avnet, Inc.:
• Sales of $6.8 billion increased 3.1% year over year in constant currency but declined 3.6% on a reported basis. In constant currency, high single digit growth at EM was partially offset by a decline at TS primarily due to the weakness in the computing components business.
Rick Hamada
• Adjusted operating income decreased 0.4% year over year (increased 10.0% in constant currency) to $243.8 million and adjusted operating income margin increased 12 basis points to 3.6% as improvement in the EMEA region at both operating groups in constant currency was negatively impacted when translating those results into U.S. Dollars.
Chief Executive Officer
• Adjusted diluted earnings per share increased 1.8% Y/Y to $1.16. • Avnet’s ROWC increased 44 basis points year over year and ROCE was up 21 basis points primarily due to an increase at TS. • Cash generated from operations was $299.3 million in FQ4 and $584 million for the trailing twelve months.
Kevin Moriarty
• Paid a quarterly cash dividend of $0.16 per share or $21.7 million, and has paid $87.3 million for the full fiscal year.
Chief Financial Officer
• The Company repurchased $15.8 million worth of stock, or 368,364 shares, at an average price of $42.86. Through July 31, 2015, the Company has repurchased approximately $64 million worth of stock and has approximately $238 million remaining in the share repurchase program.
Gerry Fay President, Avnet Electronics Marketing
Electronics Marketing:
• Sales of $4.32 billion increased 7.2% year over year in constant currency with all three regions contributing and was essentially flat on a reported basis. • Sales increased 3.0% sequentially in constant currency or 2.3% on a reported basis, which was in-line with the normal seasonal range of flat to +4% primarily due to growth in constant currency across all three regions.
Patrick Zammit President, Avnet Technology Solutions
• Operating income margin of 4.8% was essentially flat from the year ago quarter primarily due to the geographic mix shift as the higher margin EMEA region represented a lower percentage of total EM after translating the results to U.S. Dollars and the negative impact of the higher mix of sales from select high volume supply chain engagements in Asia. Sequentially, operating income margin increased 9 basis points primarily due to an improvement in the EMEA region.
MaryAnn Miller Chief Human Resources Officer and Corporate Marketing & Communications
Technology Solutions:
• Sales decreased 3.5% year over year in constant currency, or 9.2% on a reported basis, to $2.48 billion, primarily due to the translation impact of the strong U.S. Dollar and a significant decline in the computing components business. • Operating income margin of 3.1% increased 42 basis points from the year ago quarter primarily due to an increase in the EMEA region partially offset by a decline in the Asia region primarily related to the computing components business. Operating income margin increased 42 basis points sequentially primarily due to improvements in the Americas and Asia regions.
Erin Lewin General Counsel
• Y/Y growth in networking and servers was offset by declines in storage and computing components. See CFO report at http://ir.avnet.com/results.cfm for complete details.
Steve Phillips Chief Information Officer
FQ4 2015
FQ4 2014
% Change
4,316 2,480 $6,796
4,319 2,730 $7,049
-0.1% -9.2% -3.6%
Operating Income* EM TS Corporate Total
206 78 -40 $244
207 74 -36 $245
-0.5% 4.7% – -0.4%
Net Income* Diluted Earnings Per Share
159 $1.16
160 $1.14
-0.4% 1.8%
Revenue* EM TS Total
Mike Buseman Chief Global Logistics and Operations Officer
*Revenue, Op Income and Net Income in millions. Note: Op Income, Net Income and EPS do not include restructuring, integration, amortization of intangibles and other items.
Key financial metrics Revenue ($ in Billions) $7.6 $7.0 $6.6 $6.2 $5.8 $5.4 $5.0 $4.6 $4.2 $3.8 $3.4 $3.0
Sales by region Q4 FY15
GAAP EPS Adjusted EPS $1.6 $1.4 $1.2
31.8%
40.7%
Asia
$6.80
Americas
Billion
$1.0 $0.8 $0.6 $0.4
Q4 FY13
Q1
Q2
Q3 FY14
Q4
Q1
Q2
Q3
Q4
27.5% EMEA
$0.2 $0.0
Q4 FY13
FY15
Investor Relations Vince Keenan Vice President and Director
Global Press Contact Joal Redmond Vice President, Public Relations
World Headquarters 2211 South 47th Street Phoenix, AZ 85034
480-643-7053 [email protected]
480-643-5528 [email protected]
For additional information, please visit www.ir.avnet.com
Q1
Q2 FY14
Q3
Q4
Q1
Q2
Q3
Q4
FY15
www.avnet.com © 2015 Avnet, Inc. All rights reserved. REV: 8/5/15
11/2/2015
The power of partnership | Avnet, Inc.
The power of partnership Home > Who we are > The power of partnership Overview Infographic
The power of partnership works At Avnet, we‘ve called Phoenix our home for nearly 25 years and are proud to have become the largest publicly held company headquartered in Arizona. Our business revolves around the power of partnership, bringing people and technology together to do amazing things. And it all starts with our community. We’re proud to be a part of many initiatives that make Phoenix such a great place to live, work and play. And we look forward to helping build an even stronger city in the years to come.
Bettering communities one partnership at a time Through the Avnet Cares program, our employees lead the charge in making a profound and lasting impact on communities around the world. Thousands of volunteer hours and millions of dollars in employee donations and matching corporate grants have helped to transform schools, neighborhoods, cities and lives—both home and abroad. Our passion for community involvement is rooted in the strong belief that anything can be achieved when we partner together.
http://www.avnet.com/en-us/who-we-are/Pages/power-of-partnership.aspx
1/2
11/2/2015
Corporate responsibility | Avnet, Inc.
Corporate responsibility Home > Who we are > Corporate responsibility Overview Environmental stewardship Governance and integrity Conflict minerals Our people
A commitment to the things that matter Doing business the right way We believe that maintaining a high level of employee engagement is the key ingredient for responsible business. By focusing on people development, operational excellence and profitable growth, we're able to realize our vision of being a premier, trusted business partner and delivering the highest value to our customers, suppliers and shareholders.
Rooted in our people A culture of engaged employees is our highest priority and supports our core values of integrity, customer service, accountability, teamwork and innovation. Integrity is our number one core value by design. It comes first and guides our day-to-day decisions wherever we do business. Avnet's Ethics and Compliance program helps protect our culture and reputation by providing resources that help employees make ethical decisions at work. The program develops and distributes awareness materials including the Code of Conduct; provides legal compliance and ethics training; investigates reports of misconduct; and manages the Ethics Alertline available 24/7 to employees, vendors, suppliers, customers and other third parties worldwide to report compliance and ethics related concerns.
http://www.avnet.com/en-us/who-we-are/Pages/corporate-responsibility.aspx
1/2
11/2/2015
Corporate responsibility | Avnet, Inc.
A pledge of transparency Ethical conduct begins with transparency in our policies, procedures and transactions. We reinforce this commitment through ongoing training and a thorough audit process. Avnet was recognized by the Ethisphere® Institute as one of the World's Most Ethical Companies in 2014 and 2015. Read more (http://news.avnet.com/index.php?s=20295&item=127069). We are also a participant in the Carbon Disclosure Project. Our results appear in our 2014 Carbon Footprint Analysis (/en-us/who-we-are/Documents/DFGE-Carbon-Footprint-Report2014-Executive-Summary-Avnet.pdf) and 2014 Corporate Social Responsibility Report (/enus/who-we-are/Documents/Avnet-CSR-Report.pdf).
http://www.avnet.com/en-us/who-we-are/Pages/corporate-responsibility.aspx
2/2
11/2/2015
The power of partnership | Avnet, Inc.
(http://youtu.be/5RTD3Z1Md6E)
Avnet volunteerism ranks 8th in Arizona From sprucing up local schools and building homes for low-income families to serving meals at shelters and sorting donations at food banks, Avnet’s 2,429 Arizona employees volunteered 14,668 hours in 2013, placing the company at No. 8 on The Phoenix Business Journal’s 2014 list of Arizona’s Top 24 corporate volunteer programs. Of course, with more than 18,000 employees worldwide volunteering for a wide range of projects each year, the company’s total number of volunteer hours is much higher— demonstrating how much people are able to accomplish when their employers support their desires and passions.
http://www.avnet.com/en-us/who-we-are/Pages/power-of-partnership.aspx
2/2
11/2/2015
The power of partnership | Avnet, Inc.
http://www.avnet.com/en-us/who-we-are/Pages/power-of-partnership.aspx
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11/2/2015
The power of partnership | Avnet, Inc.
http://www.avnet.com/en-us/who-we-are/Pages/power-of-partnership.aspx
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11/2/2015
The Millennials Approach to Fundraising | Avnet Voices
About Avnet Voices
The Millennials Approach to Fundraising
Avnet.com
Subscribe Your email:
Janet Woods | July 31, 2015 | Community Involvement | No Comments
There are a lot of statistics on the millennial generation. The latest
one I read states that in just five years millennials will make up 50 percent of the workforce. It’s widely known that this key generation of workers has a different view on everything—from career aspirations to work culture—and are hyperaware of corporate social responsibility efforts. I for one couldn’t be happier knowing this because I’ve seen firsthand the fresh perspective and fearlessness they bring. Each summer, Avnet offers a 12week, projectbased, paid internship that provides undergraduate college students the opportunity to gain realworld experience in a global Fortune 500 company. One of the interns’ first projects entails helping in the community. During orientation week, this year’s 67 interns helped refresh the playgrounds and outside areas of Homeward Bound, an organization that provides traditional housing and services to women and children fleeing domestic violence or homelessness.
Recent Posts Three Factors to Consider When Designing a Fulfillment Network for the Future A Racecar and Firstgraders Finish Faster with Donations from Avnet The Color Blue, a Trip to the Zoo and a Tutu: Three Ways Avnet’s Aussie Team is Making a Difference Avnet U.K. Employees Run and Ride to Help Nonprofits Avnet Employees Kick Off Global Month of Service
But their community commitment didn’t stop there. They brought a new spirit to our annual backtoschool fundraiser that supports Operation Back to School Chandler, an organization that provides underprivileged students with backpacks, school supplies, shoes, socks, underwear and uniforms. http://blogging.avnet.com/weblog/avnetvoices/2015/07/31/the-millennials-approach-to-fundraising/
Categories Awards and Recognition Community Involvement 1/4
11/2/2015
The Millennials Approach to Fundraising | Avnet Voices
In my last blog, I highlighted some of the ways our offices have fun
Intern Program
while fundraising. Our interns took it to a new level this summer by
Supply Chain
initiating the mascot wars, bringing a different level of engagement, spirit and competition to our fundraising environment.
Links
The backtoschool themed mascot wars engaged the competitive
Avnet.com
and prideful spirit of anyone loyal to their college alma mater.
Avnet Insights
Employees made charitable donations to have their school’s mascot
Behind the Firewall
placed on the office door or cubicle of a coworker. These coworkers
Simply the Best CX
could then make a charitable donation to repay the favor by tagging their coworker with their school’s mascot, or pay to have their door or cubicle untagged entirely.
Avnet Advantage EBV Blog
With an office full of rival Arizona State University and University of
Avnet Technology Solutions EMEA Blog
Arizona graduates, along with feisty University of Michigan and Ohio
Engineer's Insight Blog
State University alumni to name a few, the tagging was fast and
Avnet Technology Solutions Asia Pacific Blog
furious. Our Avnet Executive Board members got involved, too. Our CEO Rick Hamada’s door was covered in mascot tags, and one Ohio State University alumni was the recipient of 42 Michigan tags. Not only did the mascot wars raise more than $2,200 and fill 320 backpacks with supplies, it also raised a lot of discussion about best college teams and best practices for fundraising. Our interns have been asked to help create a few more new ideas for fundraising before they head back to school. Their insight, spirit and fearlessness has left a lasting impression, and I can’t wait to see what the next few years look like as more millennials enter the workforce.
Related Posts
http://blogging.avnet.com/weblog/avnetvoices/2015/07/31/the-millennials-approach-to-fundraising/
2/4
11/2/2015
The Millennials Approach to Fundraising | Avnet Voices
Related Posts Volunteering for Volunteerism: How Our Employees Lead the Way for Others
Get Reacquainted with Why and How No Comments | Mar 20, 2015
No Comments | Jun 19, 2015
Helping Young and Old in Bangalore
Unearthing New Ways to Volunteer
No Comments | Apr 3, 2015
No Comments | Aug 19, 2015
About The Author Janet Woods Janet Woods is the global program manager for Avnet Cares. She is responsible for leading Avnet’s global efforts to support employee volunteerism and charitable giving.
Add a Comment
Your email address will not be published. Required fields are marked * Name:*
Email Address:*
Website:
http://blogging.avnet.com/weblog/avnetvoices/2015/07/31/the-millennials-approach-to-fundraising/
3/4
