SYNNEX Corporation announced that effective March 1, 2018, kevin murai will retire from his position of president and chief executive officer and will become chairman of the board of directors. Dennis polk, current chief operating officer, will become president and chief executive officer and will remain on the board of directors. Dwight steffensen will become lead independent director. Mr. Polk has served as a member of the Board since February 2012. Mr. Polk joined SYNNEX in February 2002 as Senior Vice President of Corporate Finance and in the same year became Chief Financial Officer.

The company announced that its Board of Directors declared a quarterly cash dividend of $0.35 per common share. The dividend is payable on January 31, 2018 to stockholders of record as of the close of business on January 19, 2018. The SYNNEX Board of Directors will assess the dividend on an annual basis each January. In addition to the increased dividend, SYNNEX expects that the anticipated benefit associated with the 2017 US tax reform law will be utilized for business investment and debt reduction.