Ceo And Founder- Unique Technologies
Memec Group Holdings, Ltd.
Global semiconductor device distributor to OEM’s. Services included sales, technical support, marketing, warehouse management, and supply chain programs. Memec was a division of VEBA Electronics (Germany) 1991-2000, acquired by Avnet in 2005. Promoted by group CEO to merge 2 small (combined $25M revenue) money losing ($3M loss in 1996) subsidiary companies into a new division called Unique Technologies. VEBA Electronics provided $30M in operating capital.Responsible for relocating and merging San Diego based Axis Components operations with Long Island, NY based Seymour Electronics acquisition. Tasked to evaluate and merge all operational aspects (revenue, margins, sales coverage, product franchises, personnel). The company served diverse OEM customers in the Americas. Results:• Grew revenue to $440M, producing $22M in EBIT in 2000 (vs. $7M loss in 1997).• Produced $225M in revenue with PMC-Sierra in 2000 by negotiating an exclusive North American distribution agreement.• Shipped +$150M to Lucent Technologies 1999-2001 through Atlas Services. • Achieved Americas sales coverage goal by increasing headcount from 40 to 215 people in 4 years (sales, technical support, product and asset management personnel).• Opened and staffed 23 sales offices in North America over a 2.5-year period.• Served as a board member and founder for Atlas Services, a provider of semiconductor components to contract manufacturers. Atlas made up of VEBA companies (Wyle, Insight and Unique).