Tech Data CFO Jeffery Howells To Retire, Charles Dannewitz To Succeed

(RTTNews) - Tech Data Corp. (TECD) said Executive Vice President and Chief Financial Officer Jeffery Howells has notified the company of his intent to retire as CFO effective June 5. He will also retire from the company's Board of Directors at the expiration of his current term following the annual meeting of shareholders in June.

Howells has served as the company's CFO since 1992 and as a member of its Board since 1998. Charles Dannewitz, currently the company's senior vice president and chief financial officer, the Americas, has been selected by Tech Data's Board of Directors to succeed Howells as CFO. The two will work together over the coming months to ensure a smooth transition.

Dannewitz joined Tech Data in February 1995 as vice president of Taxes. He was promoted to senior vice president of Taxes in March 2000, and assumed responsibility for worldwide Treasury operations in July 2003.

In February 2014, he was appointed senior vice president and chief financial officer, the Americas. Prior to joining the company, Dannewitz was employed by Price Waterhouse for 13 years, most recently as a tax partner.