Mark Larson to step down as Digi-Key announces leadership transition

Digi-Key's president and chief operating officer Mark Larson will step down at the end of June 2015 after 39 years at the head of the company. Taking over will be Dave Doherty, currently executive vice president of operations. Larson will take up the role of vice chairman and company advisor.

Since joining Digi-Key in 1976, Larson has grown the company's revenues from $800,000 to $1.76billion and from 14 employees in Thief River Falls to more than 3400 employees globally.

"It's certainly been an amazing ride," said Larson. "Over the past 39 years, I've enjoyed the daily challenge of adapting and improving our business to better serve our customers. By staying the course and focusing on the fundamentals, we just kept doing what we did best better and better each day. Looking forward, as the industry continues to evolve, Digi-Key is well positioned for the next stage and I'm extremely confident in the future of the company with Dave Doherty at the helm."