Flex Management

Management criteria checks 3/4

Flex's CEO is Revathi Advaithi, appointed in Feb 2019, has a tenure of 5.17 years. total yearly compensation is $15.60M, comprised of 8.5% salary and 91.5% bonuses, including company stock and options. directly owns 0.26% of the company’s shares, worth €29.32M. The average tenure of the management team and the board of directors is 3.7 years and 4.5 years respectively.

Key information

Revathi Advaithi

Chief executive officer

US$15.6m

Total compensation

CEO salary percentage	8.5%
CEO tenure	5.2yrs
CEO ownership	0.3%
Management average tenure	3.7yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Revathi Advaithi's remuneration changed compared to Flex's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$753m
Sep 29 2023	n/a	n/a	US$786m
Jun 30 2023	n/a	n/a	US$790m
Mar 31 2023	US$16m	US$1m	US$793m
Dec 31 2022	n/a	n/a	US$818m
Sep 30 2022	n/a	n/a	US$815m
Jul 01 2022	n/a	n/a	US$919m
Mar 31 2022	US$14m	US$1m	US$936m
Dec 31 2021	n/a	n/a	US$1b
Oct 01 2021	n/a	n/a	US$990m
Jul 02 2021	n/a	n/a	US$767m
Mar 31 2021	US$12m	US$863k	US$613m
Dec 31 2020	n/a	n/a	US$422m
Sep 25 2020	n/a	n/a	US$325m
Jun 26 2020	n/a	n/a	US$95m
Mar 31 2020	US$11m	US$1m	US$88m
Dec 31 2019	n/a	n/a	-US$25m
Sep 27 2019	n/a	n/a	-US$182m
Jun 28 2019	n/a	n/a	US$22m
Mar 31 2019	US$6m	US$166k	US$93m

Compensation vs Market: Revathi's total compensation ($USD15.60M) is above average for companies of similar size in the German market ($USD5.57M).

Compensation vs Earnings: Revathi's compensation has been consistent with company performance over the past year.

CEO

Revathi Advaithi (55 yo)

5.2yrs

Tenure

US$15,597,910

Compensation

Ms. Revathi Advaithi has been Chief Executive Officer and Director Flex Ltd. since February 11, 2019. Ms. Advaithi has been Independent Director of Uber Technologies, Inc. since July 1, 2020.She served as...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Revathi Advaithi	CEO & Director	5.2yrs	US$15.60m	0.26% $ 29.3m
Paul Lundstrom	Chief Financial Officer	3.6yrs	US$4.73m	0.075% $ 8.4m
Hooi Tan Kwang	President of Global Operations & Supply Chain	2yrs	US$3.84m	0.013% $ 1.5m
D. Offer	Executive VP & General Counsel	7.6yrs	US$3.70m	0.021% $ 2.3m
Michael Hartung	President of Flex Agility Solutions	4yrs	US$4.11m	0.011% $ 1.2m
Daniel Wendler	Chief Accounting Officer	2.2yrs	no data	0.0015% $ 170.1k
Gus Shahin	Chief Information & Digital Officer	11yrs	no data	no data
David Rubin	Vice President of Investor Relations	no data	no data	no data
Silvia Gianelli	Senior Director of Corporate Communications	no data	no data	no data
Xavier F. Boza	Chief Human Resources Officer	2.6yrs	no data	no data
Paul Baldassari	President of Manufacturing & Services	2.3yrs	no data	no data
Mike Thoeny	President of Automotive Business Group	3.8yrs	no data	no data

3.7yrs

Average Tenure

55.5yo

Average Age

Experienced Management: FXI's management team is considered experienced (3.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Revathi Advaithi	CEO & Director	5.2yrs	US$15.60m	0.26% $ 29.3m
Michael Capellas	Independent Non-Executive Chairman	10.1yrs	US$398.00k	0.067% $ 7.5m
William D. Watkins	Independent Director	15yrs	US$415.48k	0.024% $ 2.7m
Lay Koon Tan	Independent Director	12.1yrs	US$293.99k	0.057% $ 6.3m
Michael E. Hurlston	Independent Director	3.6yrs	US$290.00k	0.013% $ 1.4m
John Delanier Harris	Independent Director	3.4yrs	US$290.00k	0.0079% $ 881.7k
Maryrose Sylvester	Independent Director	1.6yrs	US$224.05k	0.0012% $ 133.2k
Patrick J. Ward	Independent Director	2.3yrs	US$290.00k	0.0040% $ 445.3k
Charles Stevens	Independent Director	5.4yrs	US$338.00k	0.012% $ 1.4m
Erin L. McSweeney	Independent Director	3.8yrs	US$338.00k	0.0047% $ 525.9k

4.5yrs

Average Tenure

60yo

Average Age

Experienced Board: FXI's board of directors are considered experienced (4.5 years average tenure).

Flex Management

Management criteria checks 3/4

Key information

Recent management updates

President of Flex Agility Solutions recently sold €1.2m worth of stock

Chief Financial Officer recently sold €1.3m worth of stock

Flex Ltd., Annual General Meeting, Aug 02, 2023

CEO & Director recently sold €2.5m worth of stock

Independent Director recently sold €194k worth of stock

Insider recently sold €247k worth of stock

Recent updates

Flex Ltd. to Report Q4, 2024 Results on May 01, 2024

President of Flex Agility Solutions recently sold €1.2m worth of stock

Investor sentiment improves as stock rises 16%

Third quarter 2024 earnings released: EPS: US$0.46 (vs US$0.51 in 3Q 2023)

Flex Ltd. Provides Earnings Guidance for Fourth Quarter and Fiscal Year 2024

Flex Ltd. to Report Q3, 2024 Results on Jan 31, 2024

Now 21% undervalued

Second quarter 2024 earnings released: EPS: US$0.51 (vs US$0.51 in 2Q 2023)

Flex Ltd. Provides Earnings Guidance for Third Quarter Fiscal 2024 and Fiscal Year 2024

Flex Ltd. to Report Q2, 2024 Results on Oct 25, 2023

Chief Financial Officer recently sold €1.3m worth of stock

Flex Ltd. Provides Earnings Guidance for the Second Quarter of Fiscal 2024 and for the Full Year Fiscal 2024

First quarter 2024 earnings released: EPS: US$0.41 (vs US$0.41 in 1Q 2023)

Flex Ltd. to Report Q1, 2024 Results on Jul 26, 2023

Flex Ltd. to Report Q1, 2024 Results on Jul 26, 2023

Flex Ltd., Annual General Meeting, Aug 02, 2023

CEO & Director recently sold €2.5m worth of stock

Full year 2023 earnings released: EPS: US$1.72 (vs US$1.97 in FY 2022)

Flex Ltd. Provides Earnings Guidance for the First Quarter and Fiscal Year 2024

Now 22% undervalued after recent price drop

Independent Director recently sold €194k worth of stock

Insider recently sold €247k worth of stock

Flex Ltd. Provides Earnings Guidance for the Fourth Quarter and Full Year of the Fiscal 2023

Third quarter 2023 earnings released: EPS: US$0.50 (vs US$0.48 in 3Q 2022)

Flex Ltd. to Report Q3, 2023 Results on Jan 25, 2023

Independent Director recently sold €413k worth of stock

High number of new directors

Flex Ltd. (NasdaqGS:FLEX) announces an Equity Buyback for $1,000 million worth of its shares.

High number of new directors

Second quarter 2023 earnings released: EPS: US$0.50 (vs US$0.70 in 2Q 2022)

Flex Ltd. Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal Year 2023

Flex Ltd. to Report Q2, 2023 Results on Oct 26, 2022

High number of new directors

Flex Appoints Maryrose T. Sylvester to the Board of Directors, Effective September 23, 2022

Chief Financial Officer recently sold €1.0m worth of stock

Flex Appoints Christopher Butler as President, Industrial Business

First quarter 2023 earnings released: EPS: US$0.40 (vs US$0.42 in 1Q 2022)

Flex Ltd. Revises Earnings Guidance for the Fiscal Year 2023

Flex Ltd. to Report Q1, 2023 Results on Jul 27, 2022

Insider recently sold €92k worth of stock

CEO & Director recently sold €909k worth of stock

Full year 2022 earnings released: EPS: US$1.94 (vs US$1.23 in FY 2021)

Flex Ltd. Provides Earnings Guidance for the First Quarter of Fiscal Year 2023; Provides Earnings Guidance for the Year 2023

Flex Ltd. to Report Q4, 2022 Results on May 04, 2022

Flex Ltd. Reaffirms Earnings Guidance for the Fiscal Fourth Quarter and Fiscal Year 2022

High number of new directors

Flex Announces Appointment of Becky Sidelinger as New President of Reliability Solutions

CEO & Director recently sold €489k worth of stock

Flex Ltd. Announces Executive Changes

Flex Announces New Presidents of Health Solutions and Consumer Devices Business Units

High number of new directors

Flex Ltd. Appoints Patrick J. Ward as Board of Director

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

High number of new directors

Flex Ltd. (NasdaqGS:FLEX) completed the acquisition of Anord Mardix Inc. from Bertram Capital Management, LLC.

Second quarter 2022 earnings released: EPS US$0.69 (vs US$0.23 in 2Q 2021)

Chief Financial Officer recently sold €898k worth of stock

First quarter 2022 earnings released: EPS US$0.41 (vs US$0.10 in 1Q 2021)

Key Executive recently sold €156k worth of stock

CEO & Director recently sold €739k worth of stock

CEO & Director recently sold €874k worth of stock

Full year 2021 earnings released: EPS US$1.21 (vs US$0.17 in FY 2020)

Flex Ltd. Provides Earnings Guidance for the First Quarter and Year of 2022

Senior Advisor to the CEO Christopher E. Collier has left the company

Executive Officer has left the company

Key Executive recently sold €1.8m worth of stock

Independent Director has left the company

Flex Ltd. Announces Retirement of Lawrence A. Zimmerman from Board, Effective February 28, 2021

New 90-day high: €16.22