Mike Zilis will be stepping in as Ingram Micro Inc.'s new CFO, effective Jan. 1, the information tech company announced Thursday.
Zilis will be promoted to CFO from executive vice president and group president of Asia Pacific, in which he is responsible for company operations in the Asia-Pacific region. He was group president of operations in Latin America, Eastern Europe, ASEAN and Hong Kong markets, and he led technology solutions.
Zilis's promotion comes as part of an executive shakeup in which the company also named a new chief accounting officer and corporate controller. China-based HNA Group bought Ingram Micro for $6 billion in 2016, but the release made no mention of an ownership change.
Zilis will succeed Gina Mastantuono, with whom he will work through the end of the year to ensure a smooth transition, the release said. Mastantuono will move into a CFO role at the cloud company ServiceNow in mid-January.
"I have had the opportunity to work closely with Mike for many years and know first-hand that the combination of his business operations and financial expertise brings tremendous value to our organization," Ingram Micro CEO Alain Monié said in the announcement. "I look forward to Mike helping us execute our long-term strategy, as we continue to grow in higher value businesses and build and enhance our global capabilities. I know we will leverage his full skill set to deliver a superior experience to all our stakeholders."
Zilis joined Ingram Micro in 2006 as senior vice president and corporate controller, heading the company's financial planning and analysis, external and internal financial reporting, long-term strategic planning, financial due diligence and merger and acquisition work. Before that, he was vice president and corporate controller for Avnet Inc., where he helmed cost-saving initiatives. The first 10 years of his career were spent in the commercial audit practice of accounting firm Arthur Andersen; he is a licensed CPA.
Zilis said the new role "will couple both my financial roots and business operations experience." He expressed his belief that now is an "excellent time to be at Ingram Micro, supporting our continued growth and strategic direction."
The company also announced Diego Utge's promotion to executive vice president and group president of Asia Pacific, effective Jan. 1, succeeding Zilis. For the past two years, Utge has led the company's business in India as senior vice president and chief country executive. Utge is a 17-year company veteran, starting in 2002 as a finance manager for Ingram Micro's Miami Export business, and rising to vice president and chief country executive of Brazil before taking the India leadership position.
Additionally, Mark Conte has been named Ingram Micro senior vice president, corporate controller and chief accounting officer, effective immediately. Conte most recently served as senior vice president, corporate controller and chief accounting officer for Staples. Conte brings more than 30 years of finance and leadership experience and will work closely with Zilis and Mastantuono during the CFO transition and will then report to Zilis, the release said.
"Succession planning is always a focus for Ingram Micro, and we are fortunate to have a strong [talent], ready and willing to take on new responsibilities," Monié said of the promotions. "We are pleased to continue to attract the industry's best talent and look forward to the new insights and expertise [Conte] brings to our organization."