Flex announced Amy B. Schwetz will join as CFO of its RMS and ITS segments starting October 5, 2026, and will become CFO of Flex after it spins off its Cloud and Power Infrastructure segment into a new independent company named Axiom. The spin-off is expected to complete in Q1 2027, subject to approvals. Flex also revealed the post-separation board compositions for both Flex and Axiom, appointing four new directors with extensive industry and financial experience to support their growth as separate public companies. This strategic move aims to enhance focus, financial flexibility, and value creation for shareholders.
Following the announcement of Flex's CFO appointment and board changes ahead of its spin-off, Flex shares show modest stability. On Pluang, FLEX trades at USD 108.49 with a slight 0.16% gain as of Sep 15, 2026, 17:21 WIB. The stock remains well below its 52-week high of USD 162.07 but comfortably above the 52-week low of USD 54.51, reflecting ongoing investor interest in the company’s strategic moves.
