Summary
This Form 8-K filing by Flextronics International Ltd. (FLEX) on December 20, 2011, announces a significant executive change. Michael J. Clarke has resigned from his position as Business Group President, Integrated Network Solutions, with his departure effective December 29, 2011. Mr. Clarke is leaving Flextronics to assume the role of President and Chief Executive Officer at Nortek, Inc. This departure represents a notable shift in leadership within a key business segment for Flextronics and will likely lead to adjustments in strategy and operations for the Integrated Network Solutions group. Investors should monitor any subsequent announcements regarding the replacement for Mr. Clarke and the transition plan for his responsibilities.
Key Highlights
- 1Michael J. Clarke has resigned as Business Group President, Integrated Network Solutions.
- 2Mr. Clarke's resignation is effective December 29, 2011.
- 3The reason for his departure is to accept the position of President and Chief Executive Officer at Nortek, Inc.
- 4This filing is made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
- 5The report date is December 16, 2011, for the earliest reported event.
- 6The filing was signed by Paul Read, Chief Financial Officer.