Lily Yan Hughes
Class of 2019
Senior Vice President, Chief Legal Officer & Corporate Secretary Arrow Electronics, Inc. (NYSE: ARW), Centennial, Colorado
• Fortune 110 with 2019 sales of $29 Billion.
• 19,000+ employees in 350+ locations in Asia, Europe, Middle East, and the Americas.
• Arrow aggregates electronic components and enterprise computing solutions for customers and suppliers in industrial and commercial markets – including medical, telecommunications, automotive and aerospace defense industries.
Ms. Hughes, a direct report to the CEO, is responsible for Arrow’s 120+ global legal, compliance and trade compliance organization, and is a member of the Executive Committee. Ms. Hughes is a recognized corporate governance, SEC/finance, global M&A, and compliance expert with deep international experience, especially with global supply chain operations and asset management at Fortune and S&P 500 companies.
Previously, Ms. Hughes reported to the CEO and was a member of the Executive Team of Public Storage (NYSE:PSA) – a component of the S&P 500 and FT Global 500. She provided leadership and oversight for all legal and internal audit matters, including board, corporate securities, governance, capital markets, litigation, employment, real estate, compliance, operations, intellectual property, M&A, business continuity, enterprise risk management, government affairs, investor relations, and external communications. The 30+ legal and internal audit teams reported to her.
Public Storage is a real estate investment trust with market cap of $36B+ based in California. Public Storage owns and operates 2,400 retail stores/self-storage properties in 38 states and 200+ storage facilities in Western Europe under the “Shurgard” brand. Public Storage also owns a 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB), with market cap of $3.5B+.
Ms. Hughes was a trusted advisor to the two public company boards of Public Storage and PS Business Parks and attended their meetings. She also provided leadership and oversight for the legal team based in Brussels, Belgium supporting Shurgard Europe, including an IPO in October 2018, raising over 500M Euros.
Prior to joining Public Storage in January 2015, Ms. Hughes served in roles of increasing responsibilities for almost 18 years in the legal department of Ingram Micro, an Orange County-based former Fortune 100 and the world’s largest wholesale information technology and mobile devices distributor, with $46B+ in annual sales and over 30,000 employees, serving customers in 160 countries. Ms. Hughes’s last role was Vice President and Associate General Counsel, Corporate, mergers and acquisitions, and Finance, the #2 corporate lawyer of the company, with primary legal responsibilities for board matters, securities, governance, treasury, tax, strategic partnerships, and executive compensation matters and as global legal lead on all mergers and acquisitions and finance transactions.
Ms. Hughes was also a Corporate and Securities Partner with the national law firm of Manatt, Phelps & Phillips focused on serving the financial services industry, including national and state community banks. She serves on the global board of the Association of Corporate Counsel (“ACC”) and has previously served as President and a member of the board of directors for seven years with one of the largest chapters of ACC. She has also served as a member of the Audit and Program Committees of the national American Heart Association based in Dallas, Texas.
Ms. Hughes has also been recognized by numerous publications and organizations, including honored in 2020 as a Power 50 Leader by the National Diversity Council, in 2018 as General Counsel of the Year by the National Women in the Law Awards and in 2017 as Public Company General Counsel of the Year by the Los Angeles Business Journal.
Ms. Hughes is an immigrant from Kowloon City, Hong Kong, moving to the US when she was 11.