Letter to Shareholders

Company Overview

Arrow-Leading Provider
  Discovery
  Support
  Innovation
  Knowledge

Arrow by Region
  Americas Components
North American
Computer Products
Europe
Asia/Pacific
E-Commerce

Financials
Selected Financial Data
Management's
Discussion & Analysis
Consolidated
Statement of Income
Consolidated
Balance Sheet
Consolidated
Statement of
Cash Flows
Consolidated
Statement of Shareholder's Equity
Notes to Consolidated Financial Statement

Directors & Officers

Tribute to Stephen P. Kaufman




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Annual Report

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BOARD OF DIRECTORS
Stephen P. Kaufman Chairman, Arrow Electronics, Inc. Francis M. Scricco President and Chief Executive Officer, Arrow Electronics, Inc. John C. Waddell Vice Chairman, Arrow Electronics, Inc. Daniel W. Duval Retired; Former Chief Executive Officer, Robbins & Myers, Inc. Carlo Giersch Chairman, Arrow Electronics Europe John N. Hanson Chairman, President and Chief Executive Officer, Harnischfeger Industries, Inc. Roger King Chief Executive Officer, Sa Sa International Holdings Ltd. Robert E. Klatell Executive Vice President, Arrow Electronics, Inc. Karen Gordon Mills Managing Director, Solera Capital LLC Barry W. Perry Chairman and Chief Executive Officer, Engelhard Corporation Richard S. Rosenbloom David Sarnoff Professor of Business Administration, Emeritus, Harvard Business School

CORPORATE OFFICERS
Francis M. Scricco* President and Chief Executive Officer Stephen P. Kaufman* Chairman Robert E. Klatell Executive Vice President Sam R. Leno Senior Vice President and Chief Financial Officer Steven W. Menefee Senior Vice President Betty Jane Scheihing* Senior Vice President Arthur H. Baer Vice President Wayne Brody Vice President Germano Fanelli Vice President Harriet Green Vice President Thomas F. Hallam Vice President Michael J. Long Vice President Paul J. Reilly Vice President Jürgen Saalwächter Vice President Wesley S. Sagawa Vice President Jan M. Salsgiver Vice President Albert G. Streber Vice President John Tam Vice President Ira M. Birns Treasurer

OPERATING GROUP OFFICERS
Arrow Americas Components
Jan M. Salsgiver President Paul Buckley Senior Vice President, Arrow Supplier Services Group M. Sean Fernandez President, Arrow/Zeus Electronics Group Harriet Green President, Arrow Contract Manufacturing Services Distribution Group David E. Hoffmann Vice President and Managing Director, Latin and South American Components Group Kenneth T. Lamneck President, Arrow/Richey Electronics Group James M. Rosenberg President, Arrow Alliance Group Albert G. Streber President, Arrow/Wyle Communications Group Vincent Vellucci President, Arrow/Bell Components Group

Arrow North American Computer Products
Michael J. Long President Joseph D. Burke Vice President and General Manager, Mid-Range Computing Group David A. Casillo Vice President, Supplier Services Group William M. McMahon, Jr. President, Arrow/Wyle Computer Products Group

Arrow Electronics Europe
Carlo Giersch Chairman Arthur H. Baer President Philippe Djeddah Vice President, European Marketing Germano Fanelli Managing Director, Southern Europe Brian P. McNally Managing Director, Northern Europe Jürgen Saalwächter Managing Director, Central Europe

Arrow Electronics Asia
Steven W. Menefee President John Tam President, Arrow Asia/Pacific

Arrow Internet Business Group
Thomas F. Hallam President

*Member, Office of the President



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