News summary

- Amy B. Schwetz will join Flex as CFO of its RMS and ITS segments and is expected to serve as Flex CFO following the separation

- Post-separation board composition announced, including four new directors: George R. Oliver and Brian Yoor to Flex, and Mark Eubanks and David Johnson to Axiom

AUSTIN, Texas, Sept. 15, 2026 /PRNewswire/ -- Flex (Nasdaq: FLEX) today announced that Amy B. Schwetz will join the company as Chief Financial Officer (CFO) of its Regulated Manufacturing Services (RMS) and Integrated Technology Services (ITS) segments on October 5, 2026, and is expected to serve as Flex CFO following completion of the planned separation of its Cloud and Power Infrastructure segment. Flex also announced the expected post-separation composition of the Boards of Directors of Flex and Axiom Solutions International, Inc. (Axiom), including four new director appointments. As announced separately today, Axiom will be the name of the future independent company.

Schwetz brings more than 25 years of finance and accounting experience. She most recently served as CFO of Flowserve and previously served as CFO of Peabody Energy, where she held finance roles of increasing responsibility over 14 years. She began her career at Ernst & Young and brings extensive public company financial leadership and industrial experience to Flex.

The Flex Board will bring extensive global manufacturing, technology, financial and public company leadership experience to support the company's next chapter. The Axiom Board will combine deep electrical industry, technology, global operating and financial expertise to support Axiom's growth as an independent company.

Expected Flex Board Following the Separation

- Revathi Advaithi, CEO of Flex; expected CEO of Axiom (Chair)

- Michael Hartung, CCO of Flex; expected CEO of Flex

- John D. Harris II, former CEO of Raytheon International, Inc.

- Erin L. McSweeney, Chief People Officer of UnitedHealth Group

- Lay Koon Tan, former CEO of STATS ChipPAC

- Patrick J. Ward, former CFO of Cummins

- George R. Oliver, former Chair and CEO of Johnson Controls

- Brian Yoor, former CFO of Abbott Laboratories

Prior to the separation, Flex plans to appoint a Lead Independent Director of the Flex Board, effective upon the separation.

Expected Axiom Board Following the Separation

- William D. Watkins, former CEO of Seagate Technology (Chair)

- Revathi Advaithi, CEO of Flex (expected CEO of Axiom)

- Michael E. Hurlston, CEO of Lumentum

- Charles K. Stevens III, former CFO of General Motors

- Maryrose Sylvester, former U.S. Managing Director and U.S. Head of Electrification of ABB

- Mark Eubanks, CEO of Brink's

- David Johnson, CFO of Corteva, Inc.

New Director Appointees

George R. Oliver and Mark Eubanks will join the Flex Board, effective September 24, 2026. Following completion of the separation, Oliver will continue serving on the Flex Board and Eubanks will transition to the Axiom Board. Brian Yoor and David Johnson are expected to join the Flex and Axiom boards, respectively, upon completion of the separation.

Flex New Director Appointees Bios

George R. Oliver previously served as chair and CEO of Johnson Controls and as CEO of Tyco International. He brings decades of global industrial leadership and deep manufacturing, operational and strategic expertise. He currently serves on the boards of RTX Corporation and NVR, Inc.

Brian Yoor is the former CFO of Abbott Laboratories, where he led global finance, capital allocation, investor relations and enterprise financial strategy. During his more than 20-year career at Abbott, he held senior finance leadership roles across the company's diagnostics, nutrition and pharmaceutical businesses. He brings extensive experience in financial leadership, capital markets, investor engagement and audit oversight.

Axiom New Director Appointees Bios

Mark Eubanks is CEO and a director of Brink's. He previously held leadership roles at Otis and served as group president of Eaton's Electrical Products business, where he oversaw approximately $6 billion in annual revenue. He brings deep electrical industry knowledge and extensive global operating experience.

David Johnson is CFO of Corteva, Inc. He previously served as CFO and chief accounting officer of Atkore and spent 29 years at Eaton, most recently as vice president of finance and operations for its Electrical Sector business. He brings more than three decades of experience in financial leadership, operational discipline and the electrical products industry.

The planned separation is expected to be completed in the first quarter of calendar 2027, subject to customary conditions, including among other things, final approval by the Flex Board of Directors, the effectiveness of the Form 10 registration statement (Form 10) filed with the U.S. Securities and Exchange Commission (SEC) and Flex shareholder and Singapore High Court approval. Upon completion, Flex and Axiom are expected to operate as independent publicly traded companies.

About Flex

Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions. For information about Flex's intent to spin off its Cloud and Power Infrastructure portfolio, visit: https://flex.com/transaction-resources.

Contacts

Flex Investors & Analysts

Michelle Simmons

Senior Vice President, Global Investor Relations and Public Relations

(669) 242-6332

[email protected]

Flex Media & Press

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