Tuesday, Insight Enterprises Inc. (NSIT) announced that its board initiated a global search for a new President and Chief Executive Officer to succeed Richard Fennessy, who left the company to pursue other opportunities. Additionally, the company announced the board appointment of Anthony Ibarguen as interim president and chief executive, effective immediately.
Insight added that Ibarguen, who has been a director of the company since July 2008, will continue to serve on the Board. Looking into Ibarguen's past records, he has more than 25 years of IT industry experience including serving as president, chief operating officer and a director of Tech Data Corp., a Fortune 500 global technology distribution company, during a period in which the company grew globally to $17 billion in revenue from $3 billion, the company noted.
The company said it is on track to meet its previously published 2009 forecast for earnings per share from continuing operations of $0.80 to $0.87, which excludes the impact of any severance and restructuring expenses, expenses associated with the restatement investigation and administration or related litigation, or other one-time charges.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.