On and effective as of February 21, 2024 (the Effective Date), the Board of Directors of Arrow Electronics, Inc. approved the appointment of Yun Sung Cho, age 52, as Vice President, Corporate Controller, and Chief Accounting Officer of the Company. As of the Effective Date, Mr. Cho succeeds Richard Seidlitz as principal accounting officer of the Company. The Company has planned for and anticipated this transition, and in connection therewith, Mr. Seidlitz has been offered and has accepted another senior financial-management role within the Company.

The Company believes Mr. Seidlitz?s new position will provide him with an opportunity to utilize his skillset and deep institutional knowledge to benefit the Company and further his professional development. Since 2021, Mr. Cho served as the Company?s Vice President, Finance ? Shared Services.

In that position, he served as the Company?s assistant controller and led the Company?s finance shared services for the Americas and the Europe, Middle East and Africa regions. Prior to that, from 2017 to 2021, Mr. Cho served as the Company?s Assistant Controller, and from 2010 to 2017, he served in roles of increasing seniority within the Company?s accounting, SOX compliance, and reporting functions. Mr. Cho began his career as an auditor for KPMG.

Mr. Cho is a Certified Public Accountant and holds a B.S. in Accounting and B.S. in Finance from the University of Southern California. In connection with his appointment as Vice President, Corporate Controller, and Chief Accounting Officer of the Company, effective March 2, 2024.