Ingram Micro Appoints New CEO as Spierkel Retires

Technology distribution giant Ingram Micro (NYSE:IM) has
named Alain Monie as CEO, effective January 20, replacing Greg Spierkel who is
leaving the role to spend more time with his family after helping with the
management transition until April 15.

Monie, 61, joined Ingram Micro as executive vice president
in January 2003 and was named to head up the Asia-Pacific region a year later. He
was promoted to president and chief operating officer of Ingram Micro in August
2007 and left the company three years later to become CEO of APRIL Management
Pte., a multi-national industrial company based in Asia.

He returned to Ingram Micro in November 2011 to serve as
president and chief operating officer once again.

"Ingram Micro has a solid
strategy with a strong management team," said Monie, in a prepared
statement.  "We will continue to execute this strategy.  I look
forward to leading the team toward delivering on our key initiatives, while
providing best-in-class performance for our customers, vendors and
shareholders."

"Alain is uniquely positioned to guide the company," said Dale
Laurance, chairman of the board, in a statement. "He is an outstanding and
worldly leader, fluent in three languages with first-hand global business
experience. He has proven to be a strong executive with good strategic
thinking."

Retiring CEO Greg Spierkel expressed confidence in Monie’s
abilities to take Ingram Micro forward.

"I’m confident the company is in capable and
experienced hands.  After serving as CEO for more than six years, it’s the
right time to leave and spend more time with my family."  Spierkel
joined Ingram Micro in 1997, serving as president of the Asia-Pacific and EMEA
regions before his promotions to corporate president in March 2004 and CEO in June
2005.

Ingram Micro also said that it expects its non-GAAP earnings
for the fourth quarter ended Dec. 31, 2011, to exceed the average of analysts’
estimates of 55 cents in earnings per share, as reported by Thomson Reuters.