Fort Worth, Texas – November 9, 2011 – Paul Andrews, Founder and CEO of TTI, Inc. has been inducted into Fort Worth’s Business Hall of Fame as the 2011 Executive of the Year. With this honor, Andrews becomes the 42nd recipient to receive this distinguished award that annually recognizes an individual who has made a profound impact on the business world.
Founded in 1970, the event is sponsored by Texas Wesleyan University, The Fort Worth Chamber of Commerce and the Fort Worth Business Press. Proceeds from the event fund Texas Wesleyan’s Thomas H. Law scholarships for business students.
Andrews said, “I am extremely honored to have been chosen to receive this award and feel very privileged to join the list of distinguished community leaders that have been selected in previous years.” This award is even more special to me and to TTI as it coincides with the 40th anniversary of the company.”
In the spirit of entrepreneurship, Andrews started Tex-Tronics in 1971 (later renamed TTI) with the idea that is would be a source of income. Instead, Andrews developed an extraordinary global electronics distribution business. In 2007, Warren Buffett acquired TTI and its subsidiaries to become part of the Berkshire Hathaway family of companies.
Today, TTI is known as the world’s leading authorized electronic parts distributor specialist and the distributor of choice for industrial, military, aerospace and consumer electronics manufacturers worldwide. TTI employs nearly 3,000 people in more than 50 locations throughout North America, Europe and Asia.
TTI, Inc. a Berkshire Hathaway company, is a specialty distributor of passive, interconnect and discrete components. TTI is the distributor of choice for industrial and consumer electronic manufacturers worldwide. TTI’s extensive product line includes: resistors, capacitors, connectors, potentiometers, trimmers, magnetics, circuit protection, filters, electromechanical and discrete semiconductor devices. TTI is recognized as the industry leader in service and quality and provides a broad array of supply chain services to its customer base. TTI employs more than 2,500 with over 50 locations throughout North America, Europe and Asia. For more information about TTI, visit www.ttiinc.com.