SAN JOSE, Calif., Oct. 25, 2018 /PRNewswire/ -- Flex (NASDAQ:
FLEX) today announced that Michael M.
McNamara, the Company's Chief Executive Officer and a member
of the Company's Board of Directors, has decided to retire as Chief
Executive Officer, effective December 31,
2018. The Board has engaged Heidrick & Struggles
International, Inc. to conduct a search for a new Chief Executive
Officer and will be considering both internal and external
candidates. Michael D. Capellas,
Chairman of the Board, will actively assist the Company's
management with the Chief Executive Officer transition.
"After 24 years at Flex and having had the privilege of serving
the past 12 years as CEO, I believe now is the time for me to step
back and allow new leadership to continue improving on what we have
built," said Mike McNamara. "It has
been an amazing journey, as we built Flex into an incredibly
powerful company that I am extremely proud of. I want to thank
our employees, customers and suppliers for their support throughout
this journey."
"On behalf of the Board, the management team and our 200,000
Flex employees around the world, I would like to thank Mike for his
dedication and leadership at Flex over the past 24 years," said
Michael Capellas. "With his vision,
he has built Flex into a $25 billion
global leader. We will miss Mike's incredible passion for this
business and we all wish him the very best in his retirement."
About Flex
Flex is the Sketch-to-Scale®
solutions provider that designs and builds Intelligent Products
for a Connected World®. With approximately 200,000
professionals across 30 countries, Flex provides innovative design,
engineering, manufacturing, real-time supply chain insight and
logistics services to companies of all sizes in various industries
and end-markets. For more information, visit flex.com or follow us
on Twitter @flexintl. Flex – Live Smarter®
Investors & Analysts
Kevin Kessel
1 (408) 576-7985
kevin.kessel@flex.com
Media & Press
Paul Brunato
1 (408) 576-7534
paul.brunato@flex.com
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SOURCE Flex