CLEARWATER, Fla., Nov. 28, 2012 (GLOBE NEWSWIRE) -- Tech Data Corporation (Nasdaq:TECD) announced today the appointment of Patrick Sayer, chief executive officer of Eurazeo, to the company's board of directors. Mr. Sayer was elected to Tech Data's board to serve as an independent director, effective immediately. Mr. Sayer will also serve on the Audit Committee of the Board and on the Governance and Nominating Committee. Mr. Sayer replaces Maximilian Ardelt who retired in June 2012 after serving 14 years as a board member.
Since 2002, Mr. Sayer has served as chief executive officer of Eurazeo, one of Europe's leading publicly-held investment companies with approximately 4 billion euros in assets. Previously, Mr. Sayer spent 20 years at Lazard, an international financial advisory and asset management firm, where he last served as managing director and head of Lazard's Technology and Media group. Mr. Sayer is vice-chairman of the Supervisory Board of Rexel SA, and a member of the Board of Directors of other Eurazeo portfolio companies, including Accor and Edenred. He is a graduate of Ecole Polytechnique and Ecole des Mines de Paris. Mr. Sayer has a French Financial Analyst Degree and serves as a professor of finance at Dauphine University in Paris.
"We are extremely pleased to welcome Patrick to Tech Data's board of directors," said Steve Raymund, chairman of the board, Tech Data Corporation. "His global perspective, strategic mindset and deep financial expertise make him an excellent addition to our board to help drive long-term profitability, strategic direction and increase shareholder value."
About Tech Data
Tech Data Corporation is one of the world's largest wholesale distributors of technology products. Its advanced logistics capabilities and value added services enable 125,000 resellers in more than 100 countries to efficiently and cost effectively support the diverse technology needs of end users. Tech Data generated $26.5 billion in net sales for the fiscal year ended January 31, 2012 and is ranked 109th on the Fortune 500®. To learn more, visit www.techdata.com.
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Source:Tech Data Corporation