Plexus Corp. (Nasdaq:PLXS) today announced that its Board of Directors has increased the size of the Board to ten directors and has elected Philip (Phil) R. Martens to fill the new seat, effective immediately.
Phil serves as President, Principal Executive Officer, and Chief Operating Officer of Novelis Inc., the world leading producer of flat-rolled aluminum products for commercial and industrial applications. Prior to joining Novelis Inc., he was the President and Chief Executive Officer for Arvin Innovation, Inc. and began his career at Ford Motor Company where he served 18 years in various leadership positions focused on product innovation, engineering and operations.
John Nussbaum, Chairman of the Board of Plexus Corp., commented, "I would like to welcome Phil to the Plexus Board of Directors. He is a creative and visionary leader with extensive global operating experience. The Plexus Board looks forward to the additional depth and insight that we believe Phil will provide in shaping the Company's global growth strategies, particularly in the European and Asia Pacific regions."
Dean Foate, President and CEO of Plexus Corp., added, "The Plexus Leadership Team is looking forward to working with Phil. His career progression and global leadership experiences in product development and Lean Sigma operations aligns with Plexus' Product Realization Value Stream Solutions, a service model where we help our customers innovate new products, manufacture and fulfill into global end-markets. Phil has direct leadership, customer development, cultural and political experiences in the Company's key growth regions and we look forward to his counsel and advice as we execute the Company's growth strategies that are designed to deliver long-term shareholder value."
Phil holds a Masters of Business Administration from the University of Michigan, a Bachelor of Science in Mechanical Engineering from Virginia Tech and has been awarded a Doctorate in Engineering from Lawrence Technical Institution for his extensive contributions to the global automotive industry.
About Plexus Corp. -- The Product Realization Company
Plexus (www.plexus.com) delivers optimized Product Realization solutions through a unique Product Realization Value Stream service model. This customer focused service model seamlessly integrates innovative product design, customized supply chain solutions, uniquely configured "focused factory" manufacturing, global end-market fulfillment and after-market services to deliver comprehensive end-to-end solutions for customers in the North American, European and Asia-Pacific regions.
Plexus is the industry leader in servicing mid-to-low volume, higher complexity customer programs characterized by unique flexibility, technology, quality and regulatory requirements. Award-winning customer service is provided to over 100 branded product companies in the Wireline/Networking, Wireless Infrastructure, Medical, Industrial/Commercial and Defense/Security/Aerospace market sectors.
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