Flex Names Amy Schwetz CFO Ahead of AI Data-Center Spin-Off
FLEX has more than doubled off its 52-week low of $53.07.
Summary
Flex appointed Amy Schwetz as CFO, effective Oct. 5, initially overseeing the regulated-manufacturing-services and integrated-technology-services segments before assuming the top finance role after the spin-off of its cloud and power-infrastructure unit into Axiom Solutions International. Schwetz brings over 25 years of finance experience, most recently as CFO of Flowserve and previously at Peabody Energy. The company reiterated its plan to complete the spin-off in Q1 2027, with current CEO Revathi Advaithi transitioning to lead Axiom and Chief Commercial Officer Michael Hartung becoming Flex CEO. Flex has named the spinoff Axiom Solutions and filed a Form 10 registration. This appointment fills a critical leadership gap ahead of the separation and signals continuity in financial stewardship during a period of significant structural change.
At the time of this announcement, FLEX was trading at $109.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $40B. The 52-week trading range was $53.07 to $166.86. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.