Tech Data European boss Cano planning exit - source

After Avnet TS acquisition, Nestor Cano will retire

Tech Data's European boss Nestor Cano is planning to retire from the distributor once the integration of Avnet TS is complete, should the deal get the go-ahead, CRN understands.

Tech Data announced plans to snap up Avnet Technology Solutions last September in a deal worth $2.6bn (£2.1bn), which is expected to close in the first half of this year.

CRN understands that should the deal go ahead, Cano will continue in his role throughout the integration process, but will then retire.

Cano joined Tech Data through the Computer 2000 acquisition in 1989 and served in various management positions in Spain and Portugal, before being promoted to regional managing director. A number of US and global roles followed before he become president of Europe for the firm in 2007.

Tech Data was not available to comment.