SINGAPORE, May 16 /PRNewswire-FirstCall/ -- Flextronics (Nasdaq: FLEX)
today announced that Thomas J. Smach is resigning as chief financial officer
to pursue other interests outside the Company effective June 30, 2008. Paul
Read, who most recently served as executive vice president of finance for
Flextronics worldwide operations will be appointed to chief financial officer
upon Mr. Smach's departure.
Mike McNamara, chief executive officer of Flextronics, stated, "Paul is a
highly respected member of our senior leadership team and has worked directly
for me as a trusted advisor for most of his thirteen year career at
Flextronics. He has worked closely with Tom for many years and based on his
in-depth understanding of Flextronics and outstanding record of financial and
operations management, Paul is the natural successor to the role of CFO of
Flextronics.."
McNamara concluded, "Tom is a world-class CFO and I would like to
personally thank him for the significant contributions he has made while
relentlessly serving Flextronics over the last eight years. Flextronics has
grown tremendously during his time here and his leadership and guidance have
been instrumental to that growth. He has provided endless financial,
operational, and strategic leadership to the Company throughout his tenure and
we wish him all the best in his future endeavors."
Paul Read's extensive experience in senior financial roles is most
recently defined by his tenure with Flextronics. He will bring to the position
of CFO a strong financial management and operations background, having held a
variety of financial roles of increasing importance with the Company since
1995. Mr. Read has led many critical initiatives while at Flextronics, most
recently serving as the lead executive responsible for the integration of the
Solectron acquisition. Prior to joining Flextronics, he held various financial
positions with Allied Steel and Wire, STI Telecommunications and Associated
British Foods. Mr. Read graduated from the University of Wales, Newport with a
degree in Business and Finance and is a qualified member of the Chartered
Institute of Management Accountants.
About Flextronics
Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is
a leading Electronics Manufacturing Services (EMS) provider focused on
delivering complete design, engineering and manufacturing services to
automotive, computing, consumer digital, industrial, infrastructure, medical
and mobile OEMs. With the acquisition of Solectron, pro forma fiscal year 2008
revenues from continuing operations are more than US$33.6 billion.
Flextronics helps customers design, build, ship, and service electronics
products through a network of facilities in 30 countries on four continents.
This global presence provides design and engineering solutions that are
combined with core electronics manufacturing and logistics services, and
vertically integrated with components technologies, to optimize customer
operations by lowering costs and reducing time to market. For more
information, please visit http://www.flextronics.com.
SOURCE Flextronics