Who Were The 101 Highest-Paid Channel Execs In 2016?

71. Gerry Fay, Avnet: $2.36M 

Position: SVP and President, Electronics Marketing

Stock Award: $896,000

Salary: $600,000

Bonus: $421,000

Option Award: $280,000

Deferred Compensation: $149,000

Other Compensation: $17,000

Fay joined Avnet in 2005 and was promoted to the Electronics Marketing presidency in October 2013. Fay this February announced plans to terminate his employment with the distributor in February 2018.

The fiscal year for Avnet ended July 2, with sales for the Phoenix-based distributor slumping 6.1 percent to $26.22 billion and net income tumbling 11.4 percent to $506.5 million. Avnet's stock dropped by 3.4 percent over the company's 2016 fiscal year to $40.27 per share.

Other compensation for Fay included expenses associated with the company's automobile program, as well as the cost of an annual physical exam.