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IRVINE, Calif. - Ingram Micro Holding Corporation (NYSE: INGM), a leading technology company with a market capitalization of $4.88 billion and annual revenue of $48.9 billion, has announced the promotion of Matthew Sanderson to Executive Vice President and President of Europe, Middle East, and Africa (EMEA), effective June 1, 2025. According to InvestingPro data, the company is currently trading below its Fair Value, presenting a potential opportunity for investors interested in prominent players in the Electronic Equipment sector. Sanderson will succeed Mark Snider, who is set to retire at the end of the year after a distinguished 25-year tenure with the company.
The transition marks a significant change in leadership for the IT industry’s top-performing and transformative B2B technology platform, as Sanderson is tasked with driving growth, advancing digital innovation, and enhancing customer and partner experiences across the EMEA region. The company has shown strong momentum recently, with a 9.36% return over the past week, though maintaining profitability with a modest gross margin of 7.03%. He is also expected to play a pivotal role in the global expansion of Ingram Micro’s digital twin Xvantage.
Paul Bay, CEO of Ingram Micro, praised both the outgoing and incoming executives, highlighting Snider’s significant contributions and expressing confidence in Sanderson’s ability to continue the company’s growth trajectory in the EMEA region. Sanderson brings three decades of experience within Ingram Micro, having held various leadership roles across Australia, the UK, Ireland, Switzerland, and New Zealand.
Under Sanderson’s leadership, Ingram Micro UK achieved a Great Place To Work® certification and pioneered the adoption of Xvantage. His extensive background in vendor management, sales, marketing, commercial services, and country leadership is expected to be instrumental in his new role.
Ingram Micro remains focused on building SMB success, growing its cloud business, expanding professional services, and accelerating platform adoption. The company’s influence extends to nearly 90% of the global population, playing a crucial role in the IT sales channel by connecting technology manufacturers and cloud providers with a diverse base of business-to-business technology experts.
As part of its services, Ingram Micro offers Ingram Micro Xvantage™, an AI-powered digital platform touted as providing the industry’s first comprehensive business-to-consumer-like experience, integrating hardware and cloud subscriptions with personalized recommendations, instant pricing, order tracking, and billing automation.
This leadership transition is based on a press release statement and reflects Ingram Micro’s commitment to maintaining its position at the forefront of the IT industry and its strategic vision for the future. With a P/E ratio of 15.41 and a favorable analyst consensus rating of 1.93 (Buy), investors seeking detailed insights can access comprehensive analysis through InvestingPro’s extensive research reports, which offer in-depth coverage of over 1,400 US equities, including Ingram Micro.
In other recent news, Ingram Micro Holding Ltd reported its Q1 2025 earnings, revealing a revenue of $12.3 billion, an 11% increase year-over-year on a foreign exchange-neutral basis. Despite this growth, the company’s earnings per share (EPS) of $0.61 fell short of the anticipated $0.70. The company continues to focus on digital transformation, investing heavily in its cloud and XVantage platforms, which contributed significantly to gross profit. Furthermore, Ingram Micro’s operational efficiencies have led to reduced operating expenses. Looking ahead, the company provided Q2 guidance with projected net sales between $11.77 billion and $12.17 billion, and a non-GAAP EPS forecast ranging from $0.53 to $0.63. Ingram Micro is also managing potential risks from tariff impacts and macroeconomic uncertainties. Notably, analysts have not issued any recent upgrades or downgrades for the company.
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