Who Were The 101 Highest-Paid Channel Execs In 2016?
Submitted by Michael Novinson on
9. Rick Hamada, Avnet: $7.64M
Position: Chief Executive Officer
Stock Award: $3.59M
Bonus: $1.15M
Option Award: $1.12M
Salary: $1M
Deferred Compensation: $744,000
Other Compensation: $36,000
Hamada spent 33 years at Avnet and became CEO in July 2011. Hamada stepped down as CEO in July 2016, with the company's board citing the need for a "greater sense of urgency" and to "enhance our focus on execution."
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 Hamada included $34,000 for his automobile lease and insurance costs, as well as the cost of an annual physical exam.