Insight Enterprises President & CEO Ken Lamneck Announces Retirement

Big news from No. 1 on our 2020 MSP 501 list, Insight Enterprises. Insight says Ken Lamneck plans to retire as president and chief executive officer effective Dec. 31. He has been with the company for more than 11 years.

Lamneck will continue to serve as president and CEO and as a member of the board until a successor is named; then, he will transition to an advisory role. He will assist the company’s board of directors in the replacement search process. Upon retirement as CEO, Lamneck will step down from the board.

Instrumental in Company Growth

Insight Enterprises’ Ken Lamneck

During his tenure, Lamneck led the growth and transformation of Insight. The once-value added reseller (VAR) rocketed into the intelligent technology solutions company that exists today. Because of this important shift, sales grew from $4.1 billion in 2009 to $8.3 billion last year. This growth came as a result of the company’s expanded portfolio through several acquisitions and organic growth. Over that same period, Insight’s share price rose from $11.42 to over $100, an almost 800% increase. (Insight’s stock dipped nearly 6% Thursday on the news.)

Lamneck is lauded for his many contributions and leadership style over his years at Insight. He “set the tone at the top” and created an inclusive and respectful culture, and helped the company reach high recognition with many third-party accolades. These include Fortune’s World’s Most Admired Companies, Forbes Best Employers for Diversity, Best Employers for Veterans, and a Great Place to Work in multiple geographies around the world.

Onward

“It has been my greatest professional honor to lead this amazing company, to work alongside our incredible teammates around the world, to join forces with our partners and to serve our clients,” said Lamneck. “We have a strong management team and I believe now is the right time to start transitioning the leadership of the company.”

Tempe, Arizona-based Insight Enterprises made it to the No. 1 spot on our 2020 MSP 501 list. To apply for the 2021 list, go here.