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Uber adds another independent director to its board: Flex CEO Revathi Advaithi


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Uber adds another independent director to its board: Flex CEO Revathi Advaithi

Uber has a new, independent board member, shows a new SEC filing: CEO Revathi Advaithi of 51-year-old Flex, which is among the world’s largest electronic manufacturers and competes against Taiwan’s Foxconn Technology. Advaithi, a mechanical engineer who grew up in India with four sisters, was appointed to the top job in February of last year…

Uber adds another independent director to its board: Flex CEO Revathi Advaithi

Uber has a brand tranquil, just board member, presentations a brand tranquil SEC filing: CEO Revathi Advaithi of 51-twelve months-ragged Flex, which is among the enviornment’s biggest digital manufacturers and competes in opposition to Taiwan’s Foxconn Technology.

Advaithi, a mechanical engineer who grew up in India with four sisters, used to be appointed to the pause job in February of last twelve months after spending roughly 10 years with the digital manufacturing company Eaton, where she used to be COO and oversaw its world electrical exchange.

Ahead of that, she spent six years as a VP at Honeywell.

Advaithi came to the job at a tricky time. Particularly, Flex as soon as counted among its biggest possibilities the Chinese language company Huawei, for which it equipped contract products and companies for merchandise love smartphones and 5G nasty stations. However the U.S. government last twelve months banned U.S. companies — and non-U.S. companies with bigger than 25% American system of their merchandise — from doing exchange with Huawei after it used to be deemed a national security wretchedness.

Indeed, Flex, which nowadays enjoys a market cap of $5 billion, observed its shares shopping and selling in the high kids in 2018, nevertheless they’d fallen to around $10 a half earlier than Advaithi used to be brought aboard, and they have got largely tackle there since.

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The coronavirus has additionally place apart stress on Flex’s present chains, even while the corporate has been diversifying its factories. (It well-known to analysts earlier this twelve months that it doesn’t have a producing facility in China’s Hubei province, which, at the time, used to be the epicenter of the virus.)

Advaithi is currently Uber’s third female director. In February, it announced that Mandy Ginsberg had been appointed to the board.  GInsberg used to be CEO of the relationship app company Match Community unless January of this twelve months, reportedly stepping down from the feature after a tornado hit her house in Dallas and she individually underwent surgical operation. (Publicly traded Match Community used to be already expected at the time to be spun a long way flung from its majority shareholder, IAC, a maneuver that used to be accomplished the earlier day.)

In 2017, Uber additionally appointed then Nestlé government Wan Ling Martello to its board. Martello left Nestlé in 2018.

Entrepreneur Arianna Huffington used to be the main woman brought into Uber’s boardroom assist in 2016 by then CEO Travis Kalanick. She left her seat last twelve months, citing the expansion of her media company, Thrive World, as the reason for her departure.

Advaithi began her occupation in the U.S. decades in the past as a store ground supervisor in Shawnee, Oklahoma. She took over as Flex CEO last twelve months when its longtime chief, Michael McNamara, resigned to affix the enterprise capital firm Eclipse.

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