Mike will support the company's global Trading team and oversee high-demand inventory and allocation
HOUSTON, Dec. 11, 2023 /PRNewswire-PRWeb/ -- Smith, a leading global distributor of electronic components and semiconductors, today announces the appointment of Mike Pursley to the position of Chief Revenue Officer. In addition to his current duties as Vice President of Global Purchasing, Mike will be responsible for all high-demand commodities and appropriation as the company's first CRO.
"Smith's business has reached new, record-breaking heights time and again in recent years, which is a testament to our ability to cultivate strategic opportunities that benefit Smith and our partners worldwide," said Mike. "I am excited to accept this new role and develop dynamic initiatives to bolster our best practices for electronic-component distribution."
Mike joined Smith in 1992 as a sales representative for the company's Express Components division and became a fixture for years in the industry's broker landscape. He later took on a support role for Smith's Purchasing department before being named Vice President of Global Purchasing in 2019.
"Mike has been integral in establishing Smith's cost-savings program mechanisms, which are an invaluable component of our service offerings in the current market," said Jennifer Kabbara, President, Americas at Smith. "His expertise, dedication, and energy have helped to grow the company, and he can always be relied on to ensure Smith's interests are properly protected."
With a proven ability to maximize opportunities and a keen awareness of appropriate risk tolerance, Mike will continue to work with the company's Trading management team to provide top-notch service to its global customers. He will also serve as a resource to Smith's Trading team worldwide to support business growth and development.
"We are thrilled to integrate Mike's wisdom and skills into the highest level of Smith's Trading management, which will provide an extra layer of assurance and strengthen our ability to consistently manage our largest transactions and support our largest customers," said Marc Barnhill, Chief Executive Officer at Smith. "His multifaceted approach to responsible procurement will help drive innovation and service excellence, and I look forward to the continued success he will generate for Smith."
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 more than 20 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 six 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, [email protected], www.smithweb.com
SOURCE Smith
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