FLEX LTD. (NASDAQ:FLEX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c)As previously disclosed, on December31, 2018, Michael M. McNamara retired as the Chief Executive Officer of Flex Ltd. (the “Company”). The Board of Directors of the Company (the “Board”) has conducted a comprehensive search, assisted by an executive search firm, and is currently in the final stages of the process and anticipates the appointment and the announcement of a new Chief Executive Officer soon. Michael D. Capellas, Chairman of the Board, and other Board members continue to work closely with management during the CEO transition. On February5, 2019, the Board appointed Scott Offer, age 54, to serve as acting chief executive officer during the transition period, including in connection with the Company’s upcoming Form10-Q filing.
Mr.Offer has served as the Company’s Executive Vice President and General Counsel since September2016. Previously, he served as Senior Vice President and General Counsel at Lenovo from January2016 until August2016 and previously had served as Chief Counsel for the Lenovo Mobile Business Group since October2014. Prior to that, he served as Senior Vice President and General Counsel, Motorola Mobility, a Google company, from August2010 and Senior Vice President and General Counsel, Motorola Mobility,Inc. from July2010. Prior to that, he held several senior positions at Motorola. No plan, award under any plan, contract or arrangement was entered into in connection with Mr.Offer’s appointment to serve as acting chief executive officer. There is no arrangement or understanding between Mr.Offer and any other person to which he was appointed as acting chief executive officer.
About FLEX LTD. (NASDAQ:FLEX)
Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC). The HRS segment consists of its medical business, automotive business, and defense and aerospace businesses. The CTG segment includes its mobile devices business, consumer electronics business and high-volume computing business. The IEI segment consists of semiconductor and capital equipment, office solutions, household industrial and lifestyle, industrial automation and kiosks, energy and metering, and lighting. The CEC segment includes radio access base stations, remote radio heads, and small cells for wireless infrastructure.