Tech Data boss Steve Raymund is giving up one of his two jobs at the distie giant, in a nod to best practice in corporate governance.

He is staying on as chairman of the board, but will retire as CEO, once a replacement is found. Raymund will help look for his successor. ®

Press statement (http://phx.corporate-ir.net/phoenix.zhtml?c=115264&p=irol-newsArticle&ID=805861&highlight=).

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