Global Sourcing Spotlight: The Best Products to Buy Offshore Through Global Sourcing
Nolan's Notes: The Rise (and Risk) of Data
Global Citizenship: Comparing and Contrasting the U.S. and China PCB Industries
Flex Announces Upcoming Changes to Its Board of Directors
May 7, 2024 | FlexEstimated reading time: 1 minute
Flex announced 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."
Share on:
Suggested Items
Smartphone Panel Shipments to Dip by 1.7% in 2025, with Chinese Manufacturers’ Share Expected to Exceed 70%
11/13/2024 | TrendForceTrendForce’s latest investigations reveal that while the overall smartphone market is projected to grow by just 3% in 2024, increased demand for refurbishes and second-hand devices is fueling growth in the smartphone panel market. Shipments this year are estimated to grow 6.7% YoY to reach 2.066 billion units.
Texas Instruments Commits to Set Science-based Targets for GHG Emissions Reduction
11/13/2024 | Texas InstrumentsTexas Instruments (TI) announced that the Science Based Targets initiative (SBTi) has received the company's commitment to set near-term company-wide emissions reductions in line with climate science.
indie Semiconductor Exceeds Q3 2024 Growth Expectations, Guides Accelerating Q4
11/12/2024 | indie SemiconductorThird quarter 2024 revenue increased 3.1% sequentially to $54.0 million, above the mid-point of the outlook with Non-GAAP gross margin up sequentially to 50.4 percent.
Gartner Forecasts India IT Spending to Reach $160 Billion in 2025
11/12/2024 | Gartner, Inc.India IT spending is projected to total $160 billion in 2025, an increase of 11.2% from 2024, according to the latest forecast by Gartner, Inc.
Altus Showcases Cutting-Edge Equipment at the Southern Manufacturing & Electronics 2025
11/12/2024 | Altus GroupAltus Group, a prominent distributor of advanced equipment for electronics assembly in the UK and Ireland, has announced its participation in the Southern Manufacturing & Electronics show, held from 4-6 February 2025 at the Farnborough International Exhibition Centre.