Tom Oelschlaeger -

Communications Manager

Im Technologiepark 2-8

D-85586 Poing

Phone: +49 (0) 8121 775 146

Email:Tom Oelschlaeger

Munich, November 15, 2005

Steve Haynes, one of Avnet Electronics Marketing EMEA most successful executives, was named today as President of Avnet Memec EMEA, the newly founded semiconductor specialist distributor. Haynes succeeds Franz Zimmermann, who retires by the end of 2005 due to unexpected health problems.

Axel Hartstang, President of Avnet Electronics Marketing EMEA, said: “Steve Haynes is one of our most respected executives in Avnet and definitely the right man to lead the new company from its start. Avnet Memec EMEA has a clear vision and strategy of high technology introduction and needs a team leader who knows customers and suppliers requirements inside out.

Steve Haynes joined Avnet Electronics Marketing EMEA in 1999 as Vice President Sales and took the leadership role of Avnet Supply Chain Services in 2001, when Avnet EM reorganised its European operations to the well-known speedboat model. With SCS, Haynes built concepts of cost-optimised distribution and logistics for large global accounts and played a key role in helping to drive Avnet’s internal process development further.

Prior to being with Avnet, Steve Haynes spent many years in the semiconductor industry. He worked in various sales and marketing roles for RCA, GE and Intersil and returned to Europe from Florida, USA, where he was World Wide Vice President of Marketing and Distribution for Harris Semiconductor.

Steve Haynes commented on his new role: “The creation of Avnet Memec EMEA is a significant decision for Avnet. New technology introduction at the highest level of what the semiconductor industry offers puts Avnet Memec EMEA at the forefront of distribution. It proves that Avnet is more than logistics and that entrepreneurial risk-taking for the benefit of customers and suppliers is not limited to small businesses. I am proud to have been chosen for this task.

Haynes will lead an organisation of more than 200 employees, the majority of which are engineers or technical sales people. Avnet Memec EMEA represents more than 50 very innovative technology suppliers, including NEC, Linear Technology, Silicon Laboratories, Lattice Semiconductor and many others. The new company is pan-European, present in all major markets, including Eastern Europe and Turkey.

Avnet Memec was established by integrating Memec and WBC operations to a highly specialized semiconductor distributor, operating on a pan-European basis and employing a huge number of engineers to support customer design efforts. The ratio between sales specialist and application specialists is 1:1, more than twice as many as the other Avnet semiconductor companies and more than 3 times the engineers to be found in traditional distributors.

Avnet Memec specializes on highly innovative suppliers and technologies that can help customers to differentiate their designs. The areas of specialization reach from Analog and Microcontrollers to RF, Datacom and Networking.

Avnet Memec operates as an independent subsidiary of Avnet Electronics Marketing EMEA and utilises the strengths of Avnet’s backbone organizations such as Avnet Supply Chain Solutions and Avnet Logistics to ensure the highest level of customer satisfaction.

Avnet Memec operates from 30 offices in 17 European countries. The company represents major semiconductor franchises on a pan-European basis. Major supplier partners are NEC; Silicon Laboratories, Lattice, Marvell, Zarlink and many others.
The company's Web site is located at www.avnet-memec.eu