Flextronics Announces Appointment to Audit Committee
SINGAPORE, Oct. 28, 2005 -- Flextronics today announced that it has appointed Lip Bu Tan, a director of Flextronics since 2003, to the Company's Audit Committee. As a result of the recently- announced resignations of Michael Moritz and Patrick Foley, the Company had only two members on its Audit Committee. On October 25, 2005, the Company received a letter from Nasdaq regarding the requirements of Nasdaq Marketplace Rule 4350(d)(2)(A) and noting that the Company had until the earlier of the Company's next annual shareholders' meeting or October 14, 2006 to appoint an additional Audit Committee member. On October 28, 2005, the Company received notice from Nasdaq confirming that with the addition of Mr. Tan to the Audit Committee, the Company is in full compliance with the Nasdaq audit committee requirements.
About Flextronics
Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is a leading Electronics Manufacturing Services (EMS) provider focused on delivering innovative design and manufacturing services to automotive, industrial, medical, and technology companies. With fiscal year 2005 revenues of USD$15.9 billion, Flextronics helps customers design, build, ship, and service electronics products through a network of facilities in over 30 countries on five continents. This global presence provides customers with complete design, engineering, and manufacturing resources that are vertically integrated with components to optimize their operations by lowering their costs and reducing their time to market. For more information, please visit www.flextronics.com.