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TD SYNNEX Announces Leadership Transition and New CEO Compensation

TD SYNNEX Corporation (SNX) has provided an announcement.

TD SYNNEX Corporation is set for a leadership change as the Board of Directors announces the appointment of Patrick Zammit as the new President and CEO, effective September 1, 2024. Zammit, who has a rich history with the company and over twenty years of experience at Avnet, succeeds Richard Hume, who will retire but remain on the board. The transition is part of a planned succession, and Zammit’s compensation includes a $1 million base salary, the potential for double that in bonuses, and stock awards worth around $5 million.

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