10.29.18
Flex announced that Michael M. McNamara, the company’s CEO and a member of the company’s Board of Directors, has decided to retire as CEO, effective Dec. 31, 2018. The board has engaged Heidrick & Struggles International, Inc. to conduct a search for a new CEO and will be considering both internal and external candidates. Michael D. Capellas, chairman of the board, will actively assist the company’s management with the CEO transition.
“After 24 years at Flex and having had the privilege of serving the past 12 years as CEO, I believe now is the time for me to step back and allow new leadership to continue improving on what we have built,” said McNamara. “It has been an amazing journey, as we built Flex into an incredibly powerful company that I am extremely proud of. I want to thank our employees, customers and suppliers for their support throughout this journey.”
“On behalf of the board, the management team and our 200,000 Flex employees around the world, I would like to thank Mike for his dedication and leadership at Flex over the past 24 years,” said Capellas. “With his vision, he has built Flex into a $25 billion global leader.”
“After 24 years at Flex and having had the privilege of serving the past 12 years as CEO, I believe now is the time for me to step back and allow new leadership to continue improving on what we have built,” said McNamara. “It has been an amazing journey, as we built Flex into an incredibly powerful company that I am extremely proud of. I want to thank our employees, customers and suppliers for their support throughout this journey.”
“On behalf of the board, the management team and our 200,000 Flex employees around the world, I would like to thank Mike for his dedication and leadership at Flex over the past 24 years,” said Capellas. “With his vision, he has built Flex into a $25 billion global leader.”