Insight CEO Ken Lamnech has announced his retirement from the company at the year’s end.
Lamneck, 66, who has been with the company since 2010, will continue his roles as president, CEO and as a member of the board until a successor is found before transitioning to an advisory role.
During his 12 year reign, Insight has seen its sales grow from $4.1 billion in 2009 to $8.3 billion in 2020 as the business some of that through acquisitions.
Over that same period, Insight’s share price has increased from $11.42 to more than $100 a share, an 800 percent increase.
Insight’s share price fell by more than eight percent when the news was announced.
