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Sean J. Kerins

President and Chief Executive Officer (CEO) at ARROW ELECTRONICS
Since June 2022
Age
62 years
Tenure
Joined ARW in 2007 and held various leadership roles including Vice President of Storage and Networking (2007–2010), President of North American Enterprise Computing Solutions (2010–2014) and Global Enterprise Computing Solutions (2014–2020), Chief Operating Officer (2020–2022), before becoming President and CEO in June 2022.

Also at ARROW ELECTRONICS

CLJ
Carine L. Jean-Claude
Senior Vice President, Chief Legal Officer, and Secretary
ECN
Eric C. Nowak
President, Global Enterprise Computing Solutions
GKZ
Gretchen K. Zech
Senior Vice President, Chief Governance, Sustainability, and Human Resources Officer

About

Sean J. Kerins has developed a robust career in the technology and electronics sectors, demonstrating a strong ability to lead across diverse business functions. His journey includes significant roles that span from early leadership positions at major corporations to pivotal responsibilities that have shaped strategic initiatives.

At ARW, his extensive background in managing global operations and enterprise computing solutions has positioned him as a key driver of operational innovation. His leadership approach is marked by a clear focus on aligning day-to-day operations with the company’s long-term strategic vision, thereby fostering an environment of continuous improvement and growth.

Beyond his current role, his professional history reflects a dedication to building sustainable business practices and effective management teams. His experience at previous organizations, including impactful roles at EMC Corporation, illustrates his capacity to navigate and lead through evolving industry challenges, further underscoring his influence in shaping both corporate culture and strategy.

$ARW Performance Under Sean J. Kerins

Past Roles

OrganizationRoleDate RangeDetails
Arrow Electronics, Inc.Chief Operating Officer (COO)2020 to 2022 Held prior to CEO appointment
Arrow Electronics, Inc.President, Global Enterprise Computing Solutions2014 to 2020
Arrow Electronics, Inc.President, North American Enterprise Computing Solutions2010 to 2014
Arrow Electronics, Inc.Vice President, Storage and Networking2007 to 2010
EMC CorporationVarious Roles in Sales, Marketing, and Professional Services1997 to 2007 Held multiple global roles
Coopers & Brand ConsultingVarious RolesN/A Details unspecified
General MotorsVarious RolesN/A Details unspecified

Fixed Compensation

Data from  FY 2023
Component NameAmount ($)Payment ScheduleAdditional Details
Salary1,000,000AnnualFixed base salary for 2023
401(k) Plan Company Contribution13,200Per plan scheduleCompany contribution to 401(k) plan
Other Compensation868AnnualMiscellaneous compensation

Performance Compensation

Data from  FY 2023

Annual Cash Incentives

MetricWeight (%)ThresholdTargetActual Payout (%)Target Amount ($)Additional Details
Absolute EPS7075% of target payout 100% of target payout 66.412,000,000Basis for cash incentive calculation
Strategic ESG - Environmental1575% (maintain prior level) 100% (5% reduction) N/AN/AReduction target of CO2 equivalent; actual result: -40%
Strategic ESG - Leadership Global7.575% (prior percentage) 100% (0.25 points growth) N/AN/AActual result: -0.73 points; 0% payout
Strategic ESG - Leadership US7.575% (prior percentage) 100% (0.25 points growth) 87N/AActual result: 0.12 points

Overall, the Annual Cash Incentive had an overall payout of 68.01%, resulting in an actual payout of $1,360,200. This component is cash-based without a vesting schedule and covers the performance period for 2023.


Stock Awards (Maximum Performance)

Performance Stock Units (PSUs)

MetricValue/DetailsAdditional Details
Weight Split60% Relative EPS Growth; 40% ROIC-WACCPerformance assessed over a three-year period (2023-2025)
Threshold3,217 unitsMinimum performance requirement
Target16,083 unitsStandard target number
Maximum (Cap)29,754 unitsMaximum PSU award
Grant Date Fair Value$2,000,082Determined on grant date (Feb 15, 2023)
Vesting ScheduleVest at end of performance period (2023-2025)Contingent on Compensation Committee certification

Restricted Stock Units (RSUs)

MetricValue/DetailsAdditional Details
Number of Units16,082 unitsTime-based award
Grant Date Fair Value$1,999,958Determined on grant date (Feb 15, 2023)
Vesting Schedule3-year equal installmentsVests over three years

Long-Term Incentive Plan (LTIP)

ComponentDetailsAdditional Details
LTIP PSUsStructure: 60% Relative EPS Growth; 40% ROIC-WACCVesting at the end of the three-year period (2023-2025); contingent on positive net income
LTIP RSUsTime-based awardsVest in four equal annual installments beginning Feb 15, 2024
Grant DetailsGrant Date: Feb 15, 2023PSU Fair Value: $2,000,082; RSU Fair Value: $1,999,958; Units: PSUs = 16,083, RSUs = 16,082

This comprehensive breakdown covers all known performance compensation components for 2023, including annual cash incentives, stock awards through the Maximum Performance plan, and LTIP details. All data points include available exact dollar amounts, share quantities, percentages, and related conditions as documented.