Sign in

    Sean J. Kerins

    President and Chief Executive Officer (CEO) at Arrow Electronics Inc
    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 Inc

    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.