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Patrick Zammit

President and Chief Executive Officer at TD SYNNEX
Board
Since September 1, 2024
Age
58 years
Education
Holds the French equivalent of a Master's in Business Administration from Paris Business School ESLSCA.
Tenure
Joined SNX in February 2017 as President, Europe; served as President, Europe and APJ; then as Chief Operating Officer; and was promoted to President and Chief Executive Officer on September 1, 2024.

Also at TD SYNNEX

DV
David Vetter
Chief Legal Officer and Corporate Secretary
DP
Dennis Polk
Hyve Solutions Executive
JH
John Henry
Chief Accounting Officer

About

Patrick Zammit is the current President and Chief Executive Officer of SNX, bringing more than three decades of executive experience to the role. He is 58 years old and holds the French equivalent of a Master's in Business Administration from Paris Business School ESLSCA.

Starting his career as a Senior Consultant at Arthur Andersen from 1989 to 1993, he then advanced through significant leadership roles at Avnet, where he served as Global President of Avnet Technology Solutions as well as holding other key positions. His transition to Tech Data in February 2017 marked the beginning of his journey with SNX, ultimately holding positions as President, Europe; President, Europe and APJ; and Chief Operating Officer before his appointment as CEO on September 1, 2024.

In his various roles at SNX, he has been integral to steering the company towards profitable growth and strategic global operations. His extensive industry experience in IT distribution, supply chain management, and strategic planning underscores his focus on driving sustainable success, maintaining an objective and fact-based approach throughout his professional career.

$SNX Performance Under Patrick Zammit

Past Roles

OrganizationRoleDate RangeDetails
TD SYNNEX (SNX)Chief Operating OfficerJanuary 2024 - August 2024Position held prior to promotion to CEO
TD SYNNEX (SNX)President, Europe and APJSeptember 2021 - December 2023Held regional leadership role before becoming CEO
Tech Data CorporationPresident, EuropeFebruary 2017 - September 2021Role assumed following acquisition of Avnet's Technology Solutions business
Avnet, Inc.Global President of Avnet Technology SolutionsJanuary 2015 - January 2017Led global tech solutions segment
Avnet, Inc.President of Avnet Electronics Marketing EMEAOctober 2006 - January 2015Oversaw European, Middle East & African operations
Avnet, Inc.Various Management Positions1993 - 2006Held progressively responsible roles
Arthur AndersenSenior Consultant1989 - 1993Early career consulting role

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$732,949 Paid in 2024, reflecting role changes effective September 1, 2024Compensation for serving as COO and then CEO during 2024
Non-Equity Incentive Plan Compensation$1,163,315 Awarded in 2024Bonus paid under the Management Incentive Plan based on performance metrics
Time-Based RSUs29,762 RSUs; $3,541,976 Vests in equal installments over 3 years starting October 15, 2024Grant date October 15, 2024; vesting over 3 years
All Other Compensation$264,535 Paid in 2024Includes various benefits and perquisites without further breakdown

Performance Compensation

Data from  FY 2024

Performance-Based RSUs Details

ComponentValueAdditional Details
Performance MetricsNon-GAAP diluted EPS; Adjusted ROIC Metrics determined based on internally established financial goals
Threshold4,811 shares; $474,942 Minimum performance required; failure results in no vesting
Target9,623 shares; $949,983 Expected performance level for standard vesting
Maximum19,246 shares; $1,899,965 Cap on the performance award
Grant DateFebruary 7, 2024 Date when the performance-based RSUs were granted
Grant Date Fair Value$955,083 Fair value assigned at the grant date
Grant Date Stock Price$98.72 Stock price per share on the first business day of fiscal year 2024
Vesting ScheduleVest over a 3-year performance period ending November 30, 2026 Vesting contingent on continued employment and achievement of specific performance goals
Evaluation PeriodFiscal Year 2024 with performance measured until 2026 Performance period based on achieving non-GAAP EPS and adjusted ROIC goals
WeightsN/ANo specific weightings provided [N/A]
Actual ResultsN/AActual performance outcomes leading to payouts are not disclosed