TD Synnex
{{Short description|American IT distribution company}}
{{Infobox company
| name = TD Synnex Corporation
| logo = Logo TD SYNNEX.svg
| type = Public
| traded_as = {{ubl|{{NYSE|SNX}}|S&P 400 component}}
| predecessors = {{ubl|Synnex|Tech Data}}
| key_people = {{ubl | Patrick Zammit (CEO) | Ann Vezina (chair)}}
| industry = IT services, IT consulting
| services = {{flatlist|
| products = {{flatlist|
| revenue = {{increase}} {{US$|58.5 billion|link=yes}} (2024)
| operating_income = {{increase}} {{US$|1.19 billion}} (2024)
| net_income = {{increase}} {{US$|689 million}} (2024)
| assets = {{increase}} {{US$|30.3 billion}} (2024)
| equity = {{decrease}} {{US$|8.04 billion}} (2024)
| num_employees = 23,000 (2024)
| foundation = {{Start date and age|2021|09|01}}
| location_city = Fremont, California
| location_country = U.S.
| website = {{URL|tdsynnex.com}}
| footnotes = Financials {{as of |2024|11|30|lc=y|df=US}}.{{Cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1177394/000117739425000009/snx-20241130.htm |title=FY 2024 Annual Report (Form 10-K) |date=January 24, 2025 |publisher=U.S. Securities and Exchange Commission}}
}}
TD Synnex Corporation is an American IT distribution company with a workforce of 22,000 in over 100 countries.{{Cite web|last=Cridlin|first=Jay|date=September 1, 2021|title=Largo's Tech Data completes $8.3 billion merger, becomes TD Synnex|url=https://www.tampabay.com/news/business/2021/09/01/largos-tech-data-completes-83-billion-merger-becomes-td-synnex/|access-date=2021-11-08|website=Tampa Bay Times}} It was formed in 2021 by the merger of Synnex and Tech Data. TD Synnex is led by CEO Patrick Zammit.
Ownership
At closing former Synnex shareholders owned 55% of TD Synnex while Apollo Global Management, the previous owner of Tech Data, owned 45%.{{Cite web|last=Coffey|first=Lauren|date=September 1, 2021|title=Tech Data becomes TD Synnex after $8 billion merger officially closes|url=https://www.bizjournals.com/tampabay/news/2021/09/01/tech-data-8-billion-merger-officially-closes.html|access-date=2021-11-08|website=Tampa Bay Business Journal}}
Revenue
With the merger of Tech Data and Synnex, TD Synnex becomes the largest IT distributor having a combined revenue of $59.8 billion, which surpasses Ingram Micro, whose 2020 revenue was $49.1 billion.{{Cite web|last=Kovar|first=Joseph F.|date=2021-09-01|title=It's Official: Synnex-Tech Data Is TD Synnex, The Industry's Largest IT Distributor|url=https://www.crn.com/news/channel-programs/it-s-official-synnex-tech-data-is-td-synnex-the-largest-it-distributor|access-date=2021-11-08|website=CRN}}
Leadership
Rich Hume, former CEO of Tech Data, is CEO of TD Synnex. Former Synnex president and CEO, Dennis Polk, serves as TD Synnex's executive chair of the board of directors.{{Cite web|title=TD Synnex|url=https://www.tdsynnex.com/|access-date=2021-11-08|website=www.tdsynnex.com}} In November 2023, Patrick Zammit has been named chief operating officer, reporting to company CEO Rich Hume effective January 1.
In June 2024, the company announced that Patrick Zammit would assume the CEO role effective September 1, replacing Rich Hume who will remain on the TD Synnex board of directors.{{cite press release |author= |title=TD Synnex Announces Patrick Zammit to Become CEO |url=https://www.businesswire.com/news/home/20240619892207/en/TD-SYNNEX-Announces-Patrick-Zammit-to-Become-CEO |location=Fremont, CA |publisher=Businessswire |date=2024-06-20 |access-date=2024-07-24}}