Johnstone Supply Names DeWight Wallace CEO

Dec. 29, 2009
Realized 9% annual growth at Premier Farnell.

Johnstone Supply, Inc., Portland, OR, has named DeWight Wallace as the cooperative’s new CEO. Wallace will assume responsibilities at corporate headquarters in early January, 2010. Wallace has amassed more than 25 years of success in executive management, directing key aspects of business operations across a range of industries. Wallace has been successful in guiding distribution-focused companies, with a professional skill set centered on customer service, sales and marketing, and strategic planning to facilitate aggressive business growth.

Wallace's experience includes positions with Texas Instruments, General Motors, and General Electric, where he received the GE Chairman’s Award. Wallace has also worked at Premier Farnell, a $1.3 billion, 4,100 employee electronics distribution company.

As president of Premier’s MCM Electronics company he reversed a 3-year revenue decline and delivered 9% yearly growth. His most recent position was as president of Newark Electronics, where he was responsible for a $550 million, 1,600 employee specialty electronics distribution business serving the US, Canada, Mexico and Brazil.