CDW CORPORATION 3
Christine A. Leahy
Chair, President and Chief Executive Oicer
April 10, 2024
Christine A. Leahy
Delivering Value to All Stakeholders
Customer centricity IS our DNA. It
is brought to life by our coworkers
who are, quite simply, unstoppable.
Coworkers who are committed to
putting the customer at the center
of everything we do. Coworkers
who are a key reason why we are
successful in delivering exceptional
nancial performance year aer year.
Performance that fuels the value we
deliver to all our stakeholders.
For our stockholders, exceptional
nancial performance has fueled the
nearly een-fold increase in our
dividend and return of more than
$6.3 billion to stockholders through
dividends and share repurchases
since our 2013 IPO. Two priorities that
continue to be an important part of
our capital allocation strategy. In
November 2023, we increased our
dividend by 5 percent. In February
2024, our Board authorized another
$750 million in share repurchases.
Financial performance has also fueled
our ability to be the best place for the
best people. Where every coworker
belongs and is connected, supported,
and empowered. Where coworkers can
give back to their communities and are
inspired to impact how technology is
changing the world. A great example
of how coworkers are bringing their
inspiration to life is the work underway
to help close the digital divide through
access to technology. You can learn
about this and the many other ways
together we are making a dierence in
our 2023 “Making Amazing Happen”
Environmental, Social and Governance
report at www.CDW.com/esg.
Looking to the Future
As we move into 2024, IT market
conditions remain complex. Geopolitical
tensions continue to grow and
macroeconomic conditions remain
unsettled. While we do not know what
the market will ultimately look like in
2024, there are two things we know
for sure— technology will continue
to be a critical driver of outcomes and
CDW will be there for our customers
wherever their priorities lie.
Our role as a trusted advisor is more
vital than ever. Customers face an
extraordinary array of challenges and
opportunities. Challenges that include
ever-expanding data, talent shortages,
cybersecurity threats, managing
hardware obsolescence and executing
plans that were put on hold. Exciting
opportunities that include the use
of digital transformation to bring the
ultimate in high-touch experiences and
maximizing the value of generative AI.
The pace and proliferation of
technology change is accelerating at
an unprecedented rate. Technology is
more complex and more interconnected
with levels of choice and complexity
not seen before. And that is where
our value proposition really shines.
We help our customers cut through
complexity to maximize their return on
technology investments. Technology
investments like generative AI where
we help customers identify the best
use cases, evaluate options and build
real solutions that drive real outcomes.
Despite the challenging realities
the world faces today, technology is
changing our world in amazing ways.
As we have in the past, we will make the
investments necessary to be there for
our customers — today and tomorrow.
With steadfast execution of our
customer centric strategy, we are more
important than ever to our customers
as we help them harness the power of
technology to make amazing happen.
In Appreciation
Thank you to our more than 250,000
customers around the world for the
trust and condence you place in us
every day. You are why we exist. Thank
you to the more than 1,000 world-class
technology companies we work with
for your partnership. Thank you to our
more than 15,000 coworkers around the
world for your incredible commitment.
Thank you for your tireless work to
ensure our customers remain at the
center of everything we do, regardless
of where their priorities lie. You are
truly our “superpower.”
“With steadfast execution of our customer centric strategy, we are more important
than ever to our customers as we help them harness the power of technology to
make amazing happen.”