SAN JOSE, CA. – (BUSINESS WIRE) – Flex (NASDAQ: FLEX), the Sketch-to-Scale® solutions provider that
designs and builds intelligent products overall, announced today
that Revathi Advaithi, 51, has been appointed Chief Executive Officer and
appointed to the board of directors at Flex.
"This is a time of enormous opportunities in the industry, as trends
such as regionalization, artificial intelligence, 5G and advanced
they combine production to improve the way we live and work, "said Ms.
Advaithi. "With locations in 30 countries and expertise in a dozen
industry verticals Flex has the required breadth and depth to help
companies develop and launch innovative products on a global scale and
Intelligently manage a changing business landscape. I'm looking forward to
building on Flex's 50-year history and strength in production. "
"The board carried out an extensive and thorough search, taking into account both
internal and external candidates ", says Michael Capellas, chairman of
the Board of Directors for Flex. "The depth and width of Revathi
from possibilities from engineering to production to advanced delivery
chain management linked to its exceptional leadership and proven
track record make her the ideal choice to lead Flex. We have faith
that she will lead Flex to realize its full potential. "
Prior to Flex was mrs. Advaithi president and chief operating officer
for the Electrical Sector sector for Eaton, a power management company
with more than $ 20 billion in revenue, 102,000 employees and a market
capitalization of more than $ 33 billion. She also had business
responsibility for the Europe, Middle East and Africa region. Mrs.
Advaithi managed the greatest of Eaton's activities, consistently
delivering high margins while reducing profit volatility. She has secured
more than $ 13 billion in sales in 2018, with a whole range of electrical devices
solutions built on the strengths of full engineering and support
Mrs. Advaithi started her career as a mechanical engineer in her native country
India, then moved to the US, where she started her Eaton career at the
factory floor as plant supervisor in Shawnee, Oklahoma. About the
year, it expanded its technical role to international markets,
adding operational management and supply chain expertise. Ms. Advaithi
transfers her in-depth and very relevant experience to Flex
engineering, operations, supply chain, purchasing of materials,
distribution, logistics and international management.
Ms. Advaithi holds a bachelor's degree in mechanical engineering from the
Birla Institute of Technology and Science in Pilani, India and an MBA in
International Business of the Thunderbird School of Global Management
in Glendale, Arizona. She is currently a non-executive director
on the BAE Systems board. She is also working with both the executive power
board and the board of governors of the National Electrical
Manufacturers Association, and in the board of the Women & # 39; s Center &
Shelter of Greater Pittsburgh. She is a strong supporter of STEM
education for girls, women's issues and diversity in the workplace.
About Flex Ltd.
It is flexible Sketch-to-Scale® solutions provider that designs
and builds intelligent products worldwide. With about 200,000
professionals in 30 countries, Flex offers innovative design,
engineering, production, real-time supply chain insight and logistics
services to companies of all sizes in all industries and markets. In front of
more information, visit flex.com
or follow us on Twitter @Flexintl. Flex – live smarter™
This press release contains forward-looking statements within the
significance of US securities legislation. The words "expect", "anticipates",
"Believes", "aims", "plan" and identify similar expressions
forward-looking statements. In addition, all statements that refer to
expectations, projections or other characteristics of future events or
circumstances are forward-looking statements. This forward-looking
statements involve risks and uncertainties that may be the cause
results are substantially different from those expected by this
forward-looking statements. These risks include the risks that are inherent to
every follow-up of the CEO, including the time needed to fully integrate Ms.
Advaithi in the business activities and the risks and uncertainties
described under "Risk factors" and "Management & # 39; s Discussion and Analysis
of financial condition and business results "in our reports on
Forms 10-K and 10-Q that we submit to the US Securities and Exchange
Commission. The forward-looking statements in this press release are
based on current expectations and Flex does not undertake an update obligation
these forward-looking statements. Readers are warned not to post
unnecessary dependence on these forward-looking statements.