SAN JOSE -- Sanmina today announced the surprise resignation of Bob Eulau as chief executive, effective immediately.
The company will replace him with Michael Clarke, a current board member and former head of the company's enclosures unit.
Clarke will become CEO effective Oct. 1. In the interim, Jure Sola will lead the company as executive chairman.
Sanmina did not disclose a reason for Eulau's departure after less than one year running the company. Eulau replaced cofounder Sola as chief executive last October. In a statement, Sola said, "I would like to thank Bob for his hard work and dedication during his nine years of service with the company and wish him well in his future endeavors."
The EMS company did reaffirm its fiscal fourth quarter outlook ending Sept. 29. The company continues to expect revenue in the range of $1.825 billion to $1.875 billion.
Clarke has more than 30 years of senior executive, business development and hands-on operational experience managing global companies in electronics manufacturing for the telecommunications, industrial, aerospace and automotive industries. He was president and chief executive of Nortek, a manufacturer of air management, security and technology products for home and work environments from 2011 until its acquisition in 2016. From 2005 until he joined Nortek, he was group president of Integrated Networks Solutions, a $12 billion business at Flex.
Clarke was also president and general manager for Sanmina's Enclosure Systems division from 1999 to 2005. Prior to Sanmina acquiring Devtek Electronic Packaging Systems in 1999, he was president and CEO of Devtek from 1991 to 1999.
"[Clarke's] breadth of industry experience and specific knowledge of Sanmina's management team and capabilities will be invaluable to the strategic direction of Sanmina and our future performance," Sola said.
"It is truly an honor to join Sanmina as CEO," Clarke said in a company press release. "I have long admired Sanmina's deep history, its culture of excellence, its world class manufacturing, and its strong financial position. I look forward to working with my Sanmina colleagues around the world to tackle the many exciting opportunities presented by our markets while continuing our tradition of exceeding the expectations of our customers and partners and achieving the highest shareholder value."
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