DivestmentJul 29, 2026, 07:21 AM
Flex Announces Leadership Teams for Spin-Off and Parent Company
AI Summary
Flex Ltd. announced key leadership appointments for both Flex and its planned independent publicly traded company, SpinCo, which will comprise its Cloud and Power Infrastructure segment. This update progresses the previously announced spin-off, expected in the first calendar quarter of 2027. The appointments include CEOs for both entities and other key executive roles, with current Flex CFO Kevin Krumm slated to become SpinCo's CFO upon completion of the separation.
Key Highlights
- Flex provided an update on its planned spin-off of the cloud and power infrastructure business into SpinCo.
- Spin-Off is expected to be completed in the first calendar quarter of 2027.
- SpinCo leadership announced: Bill Watkins (Non-Executive Chairman), Revathi Advaithi (CEO), Kevin Krumm (CFO).
- Flex leadership announced: Michael Hartung (CEO), Dennis Kirkpatrick (President, Integrated Technology Solutions).
- Kevin Krumm will serve as Flex CFO until the transaction completes, then become SpinCo CFO.
- Flex has initiated a search for a permanent CFO to succeed Krumm.
Price Impact
More from FLEX