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Get filing alertsFlex names leadership teams for planned Q1 2027 cloud/power infrastructure spin-off
Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read
Key Changes
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Revathi Advaithi to lead SpinCo as CEO; Michael Hartung named CEO of remaining Flex. Advaithi will serve as non-executive chairman of Flex during transition. Spin-off targets Q1 2027 completion.
Item 8.01 verify on EDGAR → -
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Kevin Krumm to transition from Flex CFO to SpinCo CFO upon separation. Flex has initiated search for permanent CFO, expects appointment before transaction closes.
Exhibit 99.1 view on EDGAR → -
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Spin-off remains subject to board approval, shareholder vote, and customary closing conditions. Flex will file proxy statement seeking shareholder approval; SpinCo will file Form 10 registration.
Item 8.01 verify on EDGAR → -
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SpinCo leadership includes Bill Watkins as non-executive chairman, presidents for Embedded Power and Critical Power divisions, and chief operating, commercial, and technology officers.
Exhibit 99.1 view on EDGAR → -
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Remaining Flex will operate two segments: Integrated Technology Solutions and Regulated Manufacturing Solutions, each with dedicated presidents.
Exhibit 99.1 view on EDGAR →
Summary
Flex disclosed the executive leadership teams for both the parent company and the planned independent cloud and power infrastructure business (SpinCo) following its expected Q1 2027 spin-off. Current CEO Revathi Advaithi will lead SpinCo, while Michael Hartung takes over as Flex CEO. Advaithi will serve as non-executive chairman of Flex during a transitional period.
CFO Kevin Krumm will move to SpinCo upon separation, with Flex conducting a search for his replacement before the transaction closes. The appointments are contingent on completing the spin-off, which requires board approval, shareholder vote via proxy statement, and other customary conditions. SpinCo will file a Form 10 registration statement with the SEC.
The transaction is expected to be tax-free for U.S. federal income tax purposes. For shareholders, the leadership announcements provide clarity on post-separation management structure and confirm the company is progressing toward the Q1 2027 target, though execution risk remains until board and shareholder approvals are secured and regulatory filings are completed.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Flex announced leadership appointments for its planned spin-off of its cloud and power infrastructure business into an independent public company.
Added in current filing · verify on EDGAR →
On July 29, 2026, Flex Ltd. (the “Company” or “Flex”) provided an update on its previously announced plan to spin off its cloud and power infrastructure business into a new independent publicly traded company (the “Spin-Off”), including key leadership roles for both companies.
Flex disclosed leadership appointments for both the parent company and the new spin-off entity that will house its cloud and power infrastructure business. The appointments are contingent on completing the spin-off, which requires board approval and other customary conditions. The specific leadership names and roles are detailed in the attached press release.
Added in current filing · verify on EDGAR →
The leadership appointments are conditioned upon the completion of the Spin-Off, which is subject to the approval of the Company’s Board of Directors and other customary conditions.
The spin-off transaction remains subject to board approval and other standard closing conditions. The company plans to file a proxy statement seeking shareholder approval and a Form 10 registration statement for the new entity. The transaction is expected to be tax-free for U.S. federal income tax purposes.
Added in current filing · verify on EDGAR →
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.
Flex will file a proxy statement seeking shareholder approval for the spin-off, and the new entity will file a Form 10 registration statement with the SEC. These filings will contain detailed information about the transaction structure, financials, and operations of both companies post-separation.
Event · Exhibit 99.1
Flex announces leadership teams for both Flex and planned Cloud and Power Infrastructure spin-off (SpinCo), expected Q1 2027.
Added in current filing · view on EDGAR →
SpinCo Leadership
•Bill Watkins, Non-Executive Chairman of the Board of Directors
•Revathi Advaithi, Chief Executive Officer
•Kevin Krumm, Chief Financial Officer*
•Rob Campbell, Chief Commercial Officer
•Mattias Jansson, President, Embedded Power
•Todd Hoover, President, Critical Power
•Hooi Tan, Chief Operating Officer
•Chris Butler, Chief Technology & Strategy Officer
Flex disclosed the executive leadership team for SpinCo, the planned independent company comprising its Cloud and Power Infrastructure segment. Revathi Advaithi will serve as CEO, with Bill Watkins as Non-Executive Chairman. Kevin Krumm, currently Flex CFO, is expected to become SpinCo CFO upon completion of the separation and will continue serving as Flex CFO through the transaction.
Added in current filing · view on EDGAR →
Flex Leadership
•Revathi Advaithi, Non-Executive Chairman of the Board of Directors (transitional period)
•Michael Hartung, Chief Executive Officer
•Dennis Kirkpatrick, President, Integrated Technology Solutions
•Mike Thoeny, President, Regulated Manufacturing Solutions
•Rodrigo DallOglio, Chief Operating Officer
•Ivan Brockman, Chief Business Transformation Officer
Flex disclosed the executive leadership team that will lead the company following the spin-off. Michael Hartung will serve as CEO, with Revathi Advaithi serving as Non-Executive Chairman during a transitional period. The team includes presidents for two business segments and chief operating and transformation officers.
Added in current filing · view on EDGAR →
the planned independent, publicly traded company comprising its Cloud and Power Infrastructure segment following the expected spin-off in the first calendar quarter of 2027 (Spin-Off)
Flex confirmed the expected timing of the spin-off transaction, targeting completion in the first calendar quarter of 2027. The spin-off will create an independent, publicly traded company from Flex's Cloud and Power Infrastructure segment.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 30, 2026 · How we verify