Lacy Joins Entex Board

Just days after Ingram Micro Inc. unveiled plans for its first public stock offering, the company’s recently departed chief executive joined the board of another company that may also be going public in the near future.

Linwood A. “Chip” Lacy, who led Santa Ana-based Ingram Micro for a decade before he left in a management squabble in May, said he has agreed to serve on the board of directors of Entex Information Services Inc., a New York computer products reseller.

“I’ve known this company for some time, they asked me to come on board, and I was proud to do that,” Lacy said last week, adding that Entex is a long-time customer of Ingram Micro, the world’s largest distributor of computer products.

“There is no intent for me to take a larger management role,” Lacy said. “I’m now semiretired, and I’m taking some time off trying to decide whether I want to go back to working full-time.”

Lacy can afford to take his time making that decision. He was paid nearly $1 million in salary and bonuses in 1995, and is expected to get a year’s salary plus $272,000 as part of his severance package. He also holds 1.5 million shares of Ingram stock, which could be worth tens of millions of dollars after the company’s public offering, which is likely to take place this fall.

Greg Miller covers high technology for The Times. He can be reached at (714) 966-7830 and at greg.miller@latimes.com