Flex Appoints Amy B. Schwetz As CFO-Designate To Assume Role After Planned Spin-Off Of Its Cloud And Power Infrastructure Segment

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.