AUSTIN,
Texas, May 1, 2024 /PRNewswire/ -- Flex (NASDAQ:
FLEX) announced today that consistent with its succession plan,
Michael D. Capellas, non-executive
Chair of the Board of Directors of Flex, has informed the Board of
his decision not to stand for re-election to the Board at the
company's 2024 Annual General Meeting of shareholders to be held on
August 8, 2024. Mr. Capellas has
served on the company's board for 10 years, including as Chair
since 2017, during which time he played a key role in building
Flex's reputation as a trusted global technology, supply chain and
manufacturing solutions partner and driving the company's
success.
William D. Watkins, an
independent director who has served on the Flex Board since 2009,
has been appointed by the Board to succeed Mr. Capellas as Chair of
the Board effective upon the conclusion of the 2024 Annual General
Meeting subject to his re-election.
"I want to thank Michael for his unwavering commitment and
service to Flex which have been instrumental in shaping our Board
and Flex's future," said Revathi Advaithi, CEO of Flex. "We all
wish him the very best. I welcome Bill to his new role and am
pleased to have such an experienced Board member to provide Board
leadership continuity."
Mr. Capellas stated, "It has been a privilege to have worked
with the team at Flex over the years, and I am incredibly proud of
the tremendous success the company has achieved. I leave with great
confidence in Flex's future under the leadership of Revathi, Bill
and the Board."
"I am excited to assume the role as Chair of the Board and
honored to have been entrusted with this important responsibility,"
said Mr. Watkins. "It has been a privilege to serve alongside
Michael, and I look forward to continuing to work with the Board
and the entire Flex leadership team."
About Flex Ltd.
Flex (Reg. No. 199002645H) is
the manufacturing partner of choice that helps a diverse customer
base design and build products that improve the world. Through the
collective strength of a global workforce across 30 countries and
responsible, sustainable operations, Flex delivers technology
innovation, supply chain, and manufacturing solutions to diverse
industries and end markets.
Contacts
Investors & Analysts
David Rubin
Vice President, Investor Relations
(408) 577-4632
David.Rubin@flex.com
Media & Press
Yvette Lorenz
Director, Corporate PR and Executive Communications
(415) 225-7315
Yvette.Lorenz@flex.com
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SOURCE Flex