SAN JOSE -- Flextronics chief financial officer Paul Read has resigned to "pursue new opportunities," the company said today.

Chrisopher Collier, who has been with the EMS company since 2000 and chief accounting officer since 2007, has been appointed CFO effective immediately.

News of Read's departure comes a couple days after Flextronics' stock price slumped following the company's underwhelming guidance for the June quarter, which included continuing weakness at its Components Group.

In a statement, CEO Mike McNamara said, "Paul has been a strong leader and valued contributor to Flextronics throughout his tenure here. I would like to personally thank him for his many years of service and the significant and positive impact he has had on the business.  I, and the entire Flextronics team, appreciate his dedication and unquestioned integrity and wish him all the best in the future."

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