SpinCo and Flex Leadership
Unless otherwise noted, these appointments are expected to become effective upon completion of the planned spin-off. Last updated July 29, 2026.
Flex companies
Unless otherwise noted, these appointments are expected to become effective upon completion of the planned spin-off. Last updated July 29, 2026.
Bill Watkins is expected to serve as non-executive Chairman of SpinCo’s Board of Directors following the Spin-Off. Watkins has served as non-executive Chairman of Flex’s Board since 2024 and has been a member since 2009. He previously served as CEO of Seagate Technology, Bridgelux, and Imergy Power Systems.
As previously announced, Revathi Advaithi is expected to serve as Chief Executive Officer of SpinCo and Non-Executive Chairman of the Board of Directors of Flex for a transitional period.
Chief Financial Officer
Kevin Krumm, Flex’s current Chief Financial Officer, is expected to become CFO of SpinCo following the spin-off and will continue serving as CFO of Flex through completion of the transaction. Krumm joined Flex in 2025 and has played a key role in the company’s portfolio transformation, capital allocation strategy and financial performance.
Chief Commercial Officer
Rob Campbell is expected to become Chief Commercial Officer of SpinCo. Campbell joined Flex in 2015 and currently serves as President of Communications, Enterprise and Cloud, where he leads the company’s growth in hyperscale, cloud and communications infrastructure markets.
President, Embedded Power
Mattias Jansson is expected to become President, Embedded Power at SpinCo where he would oversee a portfolio spanning high-density, rack- and board-level power architectures. He joined Flex in 2017 and currently leads the Embedded Power business. Prior to Flex, Jansson spent nearly a decade at Ericsson in senior leadership roles spanning manufacturing, supply chain and operations across Sweden and China.
President, Critical Power
Todd Hoover is expected to be become President, Critical Power at SpinCo where he would oversee a portfolio spanning large-scale switchgear, power distribution and modular power systems. He joined Flex in 2026 as Senior Vice President of Critical Power following a 30-year career at Eaton, where he led major energy infrastructure businesses across the Americas.
Chief Operating Officer
Hooi Tan is expected to become Chief Operating Officer of SpinCo. Tan currently serves as COO of Flex, overseeing global manufacturing, procurement, supply chain, IT, quality and operational excellence, and brings more than 20 years of leadership experience with the company.
Chief Technology and Strategy Officer
Chris Butler is expected to become Chief Technology and Strategy Officer of SpinCo. Butler joined Flex in 2022 and currently serves as President of Embedded and Critical Power. Prior to Flex, he held senior leadership positions at Eaton Corporation.
As previously announced, Michael Hartung is expected to serve as Chief Executive Officer of Flex. Hartung currently serves as the company’s President, Chief Commercial Officer.
As previously announced, Revathi Advaithi is expected to serve as Chief Executive Officer of SpinCo and Non-Executive Chairman of the Board of Directors of Flex for a transitional period.
Chief Operating Officer
Rodrigo DallOglio is expected to become Chief Operating Officer of Flex. DallOglio joined Flex in 2003 and currently serves as President of Operational Excellence and Transformation, leading the company’s automation, lean, global shared services, facilities, real estate, quality and digital transformation initiatives.
President, Integrated Technology Solutions
Dennis Kirkpatrick is expected to become President of Integrated Technology Solutions at Flex. Kirkpatrick joined the company in 2006 and most recently served as President of Lifestyle, Consumer Devices and Core Industrial, leading global businesses serving many of the world’s leading brands.
President, Regulated Manufacturing Solutions
Mike Thoeny is expected to become President of Regulated Manufacturing Solutions at Flex. Thoeny joined Flex in 2020 and currently leads the company’s Automotive business. He previously held senior leadership roles spanning P&L, commercial, and product development.
Chief Business Transformation Officer
Ivan Brockman is expected to become Chief Business Transformation Officer of Flex, where he would lead initiatives focused on enterprise value creation, portfolio optimization and strategic transformation. Brockman joined Flex in 2026 after advising the company on strategic and financial matters for more than 25 years. Most recently, he was a Partner and Senior Advisor at PJT Partners and brings more than 30 years of experience working with leading technology companies.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “will,” and similar expressions identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding the planned Spin-Off of Flex’s cloud and power infrastructure business into an independent, publicly traded company; the expected timing of the Spin-Off and the ability to complete the Spin-Off; the anticipated benefits of the Spin-Off, including enhanced strategic focus, financial flexibility, and value creation for shareholders; the expected tax-free treatment of the Spin-Off for U.S. federal income tax purposes; the expected future performance of each company following completion of the Spin-Off; management changes and leadership of each company; and statements about business strategies, growth opportunities, market position, and financial outlook for each company. These forward-looking statements are based on current expectations, estimates, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
Risks and uncertainties related to the proposed Spin-Off include, but are not limited to: uncertainties as to whether the Spin-Off will be completed and the timing thereof; the possibility that various conditions to the completion of the Spin-Off may not be satisfied or waived; the possibility that the Spin-Off will not qualify for the expected tax-free treatment for U.S. federal income tax purposes; the risk that the Spin-Off may be more difficult, time-consuming, or costly than expected, including the impact on Flex’s resources, systems, procedures, and controls; the possibility that the strategic, operational, and financial benefits of the Spin-Off may not be achieved or may take longer to achieve than expected; the failure to obtain, or delays in obtaining, required legal, regulatory or other approvals necessary to complete the Spin-Off; disruption from the Spin-Off, including potential adverse effects on relationships with customers, suppliers, employees, and other business partners; competitive responses to the announcement or completion of the Spin-Off; diversion of management’s attention from ongoing business operations; the possibility of disputes, litigation, or unanticipated costs in connection with the Spin-Off; uncertainty regarding the financial performance of either company following the Spin-Off; negative effects of the announcement or pendency of the Spin-Off on the market price of Flex’s securities and/or on Flex’s financial performance; the ability to achieve anticipated capital structures, credit ratings, and financing in connection with the Spin-Off; the ability to retain key personnel; impacts of geopolitical conflicts; and any changes in general economic and/or industry-specific conditions. Additional information concerning risks relating to Flex’s business is described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Flex’s most recent Annual Report on Form 10-K and in Flex’s subsequent filings with the U.S. Securities and Exchange Commission (the “SEC”). All forward-looking statements are made as of the date hereof, and Flex assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Important Information and Where to Find It
In connection with the proposed Spin-Off, Flex intends to file relevant materials with the SEC, including, among other filings, a proxy statement on Schedule 14A that will be mailed or otherwise disseminated to shareholders of Flex seeking their approval of the Spin-Off-related proposals. In addition, a registration statement on Form 10 (the “Form 10”) is expected to be filed with the SEC by SpinCo with respect to its common stock. This communication is not a substitute for the proxy statement and Form 10 or any other document that may be filed with the SEC by Flex or SpinCo. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT, THE FORM 10 AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED BY EACH OF FLEX AND SPINCO WITH THE SEC IN CONNECTION WITH THE PROPOSED SPIN-OFF (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT FLEX, SPINCO, THE PROPOSED SPIN-OFF AND RELATED MATTERS. Investors will be able to obtain free copies of the proxy statement and Form 10 and other relevant documents (when they become available) that will be filed by each of Flex and SpinCo with the SEC on the SEC’s website at http://www.sec.gov. Investors also will be able to obtain free copies of the proxy statement and other relevant documents that will be filed by Flex with the SEC from the investor relations page on Flex’s website at investors.flex.com.
Participants in the Solicitation
Flex and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Flex in connection with the proposed Spin-Off. Information regarding Flex’s directors and executive officers and their ownership of Flex ordinary shares is contained in Flex’s proxy statement for its 2026 annual meeting of shareholders, which was filed with the SEC on June 24, 2026, including under the headings “Corporate Governance,” “Fiscal Year 2026 Non-Employee Directors’ Compensation,” “Proposal No. 1: Re-election of Directors,” “Proposal No. 3: Non-Binding, Advisory Resolution on Executive Compensation,” “Compensation Discussion and Analysis,” “Executive Compensation,” “Information about our Executive Officers” and “Security Ownership of Certain Beneficial Owners and Management.” To the extent the holdings of the Flex securities by the Flex directors and executive officers have changed since the amounts set forth in the proxy statement for its 2026 annual meeting of shareholders, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Beneficial Ownership on Form 4 filed with the SEC. More detailed information regarding the identity of potential participants, and their direct or indirect interests, by securities, holdings or otherwise, will be set forth in the proxy statement and other materials when they are filed with the SEC in connection with the proposed Spin-Off. You may obtain free copies of these documents using the sources indicated above.