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Sanmina Appoints Jon Faust as Executive Vice President and Chief Financial OfficerDecember 6, 2023 | Sanmina
Estimated reading time: 1 minute
Sanmina Corporation, a leading integrated manufacturing solutions company, announced that Jon Faust has been appointed Executive Vice President and Chief Financial Officer, effective December 18, 2023. Kurt Adzema, who previously held this role, will remain with the Company in an advisory capacity until January 5, 2024.
Faust brings over 20 years of finance, accounting, controls, and operations experience in large, public, multinational companies. Faust previously served as Global Controller and Head of Finance Transformation & Corporate Services at HP Inc., which he joined in August 2021. He was Chief Financial Officer of Aruba, a Hewlett Packard Enterprise company, a provider of network solutions, from February 2020 to July 2021. Faust spent over 19 years at Hewlett Packard Enterprise (and its and HP's predecessor company, Hewlett-Packard Company) in various leadership roles, including Senior Vice President and Chief Financial Officer – Hybrid IT, Senior Vice President – Worldwide Financial Planning & Analysis and Global Functions Finance, and Vice President and Chief Financial Officer – Technology & Operations.
"We are excited to have Jon join Sanmina. He is a highly accomplished leader with a proven track record of driving transformational business strategies and demonstrated expertise in leading large, multinational organizations. I am confident that his experience and strong financial acumen make him a great addition to our leadership team as we continue to execute our long-term growth strategy and maximize shareholder value," stated Jure Sola, Chairman and Chief Executive Officer.
"We thank Kurt for his contributions to the organization during his tenure and wish him well in his future endeavors."
Ansys announced that finance veteran Rachel Pyles will become the company’s new chief financial officer, effective February 22, 2024. Pyles replaces Nicole Anasenes, who previously announced her planned departure from Ansys to focus on advisory and board work. Anasenes will remain with the company as a strategic adviser until June 2024 to ensure a smooth transition.
HANZA AB revises the financial targets for 2025. The sales target is raised to SEK 6.5 billion and the 8% operating margin target is increased to apply to the full year 2025.
AT&S operated in a challenging market environment in the first three quarters of the financial year 2023/24. “After a strong second quarter, demand in the third quarter was once again relatively weak in some market segments.
Sanmina Corporation, a leading integrated manufacturing solutions company, reported financial results for the fiscal first quarter ended December 30, 2023 and outlook for its fiscal second quarter ending March 30, 2024.
Qualcomm Incorporated announced the appointment of Akash Palkhiwala to the expanded role of Chief Financial Officer and Chief Operating Officer.