Flex provided an update on the planned spin-off of its cloud and power infrastructure business into a new publicly traded company, Axiom Solutions International, Inc. The company announced the expected board compositions for both Flex and Axiom post-separation and appointed a new Chief Financial Officer for the future Flex entity.
Key Details
- New Leadership: Amy B. Schwetz will join on October 5, 2026, and is expected to serve as the Chief Financial Officer of Flex following the completion of the spin-off.
- Board Appointments: George R. Oliver and Mark Eubanks were appointed as new independent directors to the Flex board, effective September 24, 2026. The filing outlines the full expected board compositions for both companies post-separation.
- Spin-Off Update: The new independent company will be named Axiom Solutions International, Inc. The separation is expected to be completed in the first quarter of calendar 2027, subject to final approvals.