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Avnet Taps Honeywell Exec as New CFO

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http://www.thevarguy.com – Distributor Avnet (NYSE: AVT) has dipped into the ranks of Honeywell International (NYSE: HON) to find a new chief financial officer (CFO) to replace Ray Sadowski, a 34-year company veteran retiring from the post after a 20-year stint. To ease the transition, Sadowski plans to stay on with the distributor as a senior adviser, Avnet said. Kevin Moriarty succeeds Sadowski, joining Avnet after serving as CFO of Honeywell’s $12 billion aerospace business. Running Avnet’s $25 billion financial house is a step up for Moriarty, who was at Honeywell for 10 years, steadily progressing up the ranks (IT news)