04:44 PM EDT, 09/16/2025 (MT Newswires) -- Arrow Electronics ( ARW ) said late Tuesday it has appointed William Austen as interim president and chief executive officer, succeeding Sean Kerins, who stepped down from his executive roles and board seat, starting today.

Austen, who will remain on Arrow's board, relinquished his positions as chair of the corporate governance committee and as a member of the compensation committee, while Kerins will assist with transition efforts, the company said.

The company said its board has begun searching for a permanent chief executive and noted that Kerins' departure is unrelated to its financial statements.

Shares of Arrow Electronics ( ARW ) were down over 2% in after-hours activity.