In 1982, Phil Gallagher was attending Drexel University in Philadelphia, near where he grew up in South Jersey. Cash-strapped and tapped out on loans while in a co-op program with classes half the year and full-time employment with a business the other half, he was worried he wouldn't be able to finish his degree.
Gallagher, who became interim CEO of Avnet Inc. in August 2020 and the permanent CEO in November that year, continues to turn heads within the corporate world and among community leaders in the Valley, not for any flashy style, but for more substantive reasons. During the Phoenix Business Journal's final Meet the C-suite event of 2022 at Phoenix Theater Company, when he was interviewed by Editor-in-Chief Greg Barr, Gallagher spoke about the value of hard work, how his career path was shaped at Avnet over the decades and why he thinks Arizona's economy is poised for even greater growth.Describe a bit about what Avnet was like in the 1980s, compared to what it's like now.
As a leader, it's important to say, 'Hey, what do you think?' And actually listen to the answers. The further up you go, you tend to think you know everything and you don't, you really know a lot less so you really need to trust your team. I know what I'm good at, and more importantly, I know what I'm not good at. A positive attitude with hard work and good intent, boy that really goes a long way.
What do you think about the big shift in Arizona's economy with semiconductors, electric vehicles and all of the other new manufacturing companies here. And what are your ideas on where Arizona's economy is headed?
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