Marc will lead the company's global business operations and corporate strategy
HOUSTON, July 12, 2023 /PRNewswire-PRWeb/ -- Smith, a leading global distributor of electronic components and semiconductors, today announces the appointment of Marc Barnhill to the position of Chief Executive Officer. As Smith's first CEO, Marc will oversee all aspects of the company's business and direction. This new structure will facilitate Smith's future growth, allowing the company to continue to expand its resources, capabilities, and footprint worldwide.
"Over the past 40 years, Smith has grown, adapted, and innovated to support our customers and bridge the gaps within the global semiconductor supply chain, and we will continue to develop comprehensive solutions to the industry's biggest challenges," said Marc. "I am honored to take on this new role and shape Smith's evolution as we begin this new and exciting chapter as a company."
Marc began his career at Smith in 1990 as a purchasing agent before being named President of Broker Sales two years later. In 1996, he was named Vice President of Trading and took on his most recent role of Chief Trading Officer in 2007.
"Marc has been a tremendous leader for our sales and purchasing teams for many years, and those experiences have given him unparalleled knowledge of the semiconductor market and the unique challenges our customers face," said Bob Ackerley, Smith's Co-Founder and Director. "That expertise will inform his management and guidance as he directs the priorities of all departments, assuring that our customers and their needs are Smith's top focus."
During his tenure, Marc has helped pave the way for Smith's many successes over the years. When he was first named Chief Trading Officer sixteen years ago, the company reported $300 million in annual revenue and had eight locations worldwide. Today, the company has locations in 19 cities around the world—with plans for further expansion—and announced record-breaking revenues in 2022.
"Smith has been on an upward trajectory unlike any we've ever experienced with Marc's steady hand at the wheel," said Lee Ackerley, Smith's Co-Founder and Director. "His wisdom and skillful business acumen have positioned Smith as the leader we are today, and I am confident that Marc will continue to manifest the vision Bob and I have cultivated over the last four decades and take us even further in the years to come."
About Smith
Founded in 1984, Smith sources, manages, and distributes the electronic components that go into everything from mobile phones and computers to appliances and automobiles. In 19 cities around the world, Smith's legion of employees communicates in 50 languages and dialects and buys and sells components 24 hours per day, generating global annual sales in excess of $4.7 billion in 2022. Smith is always moving: helping manufacturers navigate market shifts; customizing supply chain solutions; testing components using cutting-edge technology. The support of Smith's flexible Intelligent Distribution™ model optimizes customers' supply chains from beginning to end, including offering customized options for IT asset disposition that deliver maximum ROI, sustainability, and security. Smith's testing and logistics hubs in Houston, Hong Kong, Amsterdam, and Singapore cover critical areas like quality management, counterfeit prevention, and environmental safety. Smith's operations, purchasing, and sales worldwide are seamlessly integrated with the company's global IT infrastructure, offering real-time, global inventory and logistics visibility. Smith is the leading independent distributor of electronic components and ranks number seven among all global distributors. For more information, please visit http://www.smithweb.com or reach out to a Smith representative any time of day at +1 713.430.3000.
Media Contact
Rich Witmer, Smith, +1 713.430.2141, rwitmer@nfsmith.com
SOURCE Smith
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