Senator Newell welcomes Arrow Electronics plan for Colorado relocation

Tuesday, October 11 2011

“We’ve worked hard over the years to make our state one of the most business-friendly states in the country”

Denver-Senator Linda Newell (D-Littleton) offered the following comment today following the announcement by Arrow Electronics, Inc. (NYSE:ARW) that its Colorado operations will become the company's global headquarters, effective Nov. 15, 2011.  Arrow Electronics, with 2010 revenues of $18.7 billion, is currently headquartered in Melville, N.Y., and has had a significant presence in Englewood, CO since 2000.

Senator Newell offered the following comment on Arrow Electronics’ announcement today:

“Arrow Electronics’ leadership is a welcome addition to South Metro Denver. We’ve worked hard over the years to make our state one of the most business-friendly states in the country, and announcements like this make it all worthwhile. As someone who came from the private sector, I welcome today’s news, and I look forward to continued economic development in our state.”

Michael J. Long, chairman, president and chief executive officer for Arrow Electronics offered the following comment today:

"With our Colorado operations serving as Arrow Electronics' global headquarters, our commitment to our employees, customers and suppliers remains the foundation of our strategy to create value for our shareholders. As we embark on the next phase of the company's history, we look forward to Colorado being the headquarters for the 52 countries that we serve."

About Arrow Electronics:

Arrow Electronics (www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for over 1,200 suppliers and 115,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 340 locations in 52 countries.