CLEARWATER, Fla., Feb. 17, 2014 (GLOBE NEWSWIRE) -- Tech Data Corporation (Nasdaq:TECD) today announced the appointment of Jean-Paul ("JP") Durand to the new position of vice president, chief ethics and compliance officer. In this new global role, Durand will lead Tech Data's worldwide ethics and compliance program, including the company's policies and procedures designed to prevent and detect fraudulent conduct, encourage ethical behavior and a commitment to compliance with the law, and ensure adherence to Tech Data's Code of Conduct. Durand will report to David Vetter, the company's senior vice president, general counsel, as well as the Audit Committee of the company's board of directors.
"Tech Data is committed to sound corporate governance and ethical business practices, and this appointment reflects our continued commitment to legally and ethically conducting business around the world," said Vetter. "With his extensive experience leading Tech Data's compliance function, I am confident that JP and his team will help drive high ethical standards throughout our company's global operations. Integrity is one of Tech Data's core values, and making the right choices are always in the best interest of our company, our business partners, and our shareholders."
Durand has served as Tech Data's vice president, assistant general counsel since May 2011 and has been with Tech Data since 2000. He holds a B.A. in Criminal Justice and an M.B.A. from the University of Florida and a J.D. from Stetson University College of Law. Durand is also a Certified Compliance and Ethics Professional under the Compliance Certification Board standards.
The company also announced that Wayne Hanewicz has been promoted to vice president, assistant general counsel. Hanewicz has served as assistant general counsel since joining Tech Data in June 2009, leading the legal aspects of projects such as the issuance of Tech Data's $350 million senior notes. In his new role, he will be responsible for the U.S. legal organization and report to Vetter. Hanewicz holds a B.A. in Political Science from Amherst College and a J.D. from the University of Wisconsin Law School.
The company has also appointed a deputy ethics and compliance officer in both its Americas and European regions, reporting directly to Durand. These two new positions will be responsible for managing Tech Data's ethics and compliance program in their respective regions, assisting the chief ethics and compliance officer with monitoring compliance and developing reporting on program effectiveness. The company will also add the new position of regional counsel, Latin America to its Legal department, which will report directly to Vetter, as well as the new position of trade practice counsel, Europe, which will report to Norbert Sourek, the company's general counsel, Europe.
About Tech Data
Tech Data Corporation is one of the world's largest wholesale distributors of technology products, services and solutions. Its advanced logistics capabilities and value added services enable 120,000 resellers in more than 100 countries to efficiently and cost effectively support the diverse technology needs of end users. Tech Data generated $25.4 billion in net sales for the fiscal year ended January 31, 2013, and is ranked No. 119 on the Fortune 500®. To learn more, visit www.techdata.com, or follow us on Facebook and Twitter.
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Source:Tech Data Corporation