Meet Sanmina's Board of Directors

Sanmina Corporation is a global electronics manufacturing services (EMS) provider that designs and manufactures complex, high-quality electronic and mechanical products. The company's success is driven by a combination of innovative engineering solutions, state-of-the-art manufacturing capabilities, and a strong commitment to quality and customer satisfaction. One of the key factors contributing to Sanmina's success is the expertise and experience of its Board of Directors.

Overview of Sanmina Corporation

Sanmina Corporation is a leading electronics manufacturer that provides custom-designed products and services to customers worldwide. The company's EMS capabilities encompass a wide range of industries, including communications, enterprise computing and storage, multimedia, industrial, semiconductors, medical, and automotive. The most significant differentiator of Sanmina is its unique ability to offer complete end-to-end solutions, including design and engineering, manufacturing, advanced test, logistics, and direct order fulfillment.

Sanmina Corporation has a global presence, with facilities in over 20 countries and more than 50 manufacturing sites. The company's commitment to sustainability is evident in its efforts to reduce waste, conserve energy, and promote responsible sourcing of materials. Sanmina also places a strong emphasis on innovation, investing heavily in research and development to stay at the forefront of emerging technologies and industry trends.

The Role of the Board of Directors in Sanmina Corporation

The Board of Directors plays a critical role in the strategic direction and management of Sanmina Corporation. The Board's primary responsibilities include setting long-term goals for the company, appointing and monitoring senior executives, overseeing financial performance, and ensuring that the company adheres to high standards of corporate governance.

In addition to these primary responsibilities, the Board of Directors also plays a key role in risk management and ensuring that the company operates in a socially responsible manner. This includes monitoring and addressing potential risks to the company's reputation, such as environmental concerns or ethical issues. The Board also ensures that Sanmina Corporation is compliant with all relevant laws and regulations, and that the company is actively working to reduce its environmental impact and promote diversity and inclusion within the workplace.

A Brief History of Sanmina's Board of Directors

Sanmina Corporation was founded in 1980 in Silicon Valley, California, by Jure Sola and Milan Mandaric. The company went public in 1993 and has since grown into a global EMS provider with over 80 manufacturing sites and 43,000 employees worldwide. The company's Board of Directors has evolved over the years, reflecting changes in the company's size and scope of operations.

In 2019, Sanmina's Board of Directors appointed Hartmut Liebel as the new CEO, succeeding Bob Eulau who had served as CEO since 2017. Liebel brought with him over 30 years of experience in the technology industry, having previously served as CEO of iQor and COO of Jabil Circuit. Under Liebel's leadership, Sanmina has continued to expand its capabilities in areas such as advanced manufacturing, engineering, and supply chain management, while also focusing on sustainability and corporate social responsibility initiatives.

Current Members of Sanmina's Board of Directors

The current members of Sanmina's Board of Directors are:

• Jure Sola (Chairman of the Board)
• Betsey Nelson
• Alice Fok
• John P. Goldsberry
• Hank Kucheman
• Matthew M. Clark

The Board is comprised of individuals with diverse backgrounds and expertise, each with a unique perspective that contributes to the company's overall success.

Sanmina's Board of Directors is responsible for overseeing the company's strategic direction and ensuring that it operates in the best interests of its shareholders. In addition to their individual expertise, the Board members bring a wealth of experience from a variety of industries, including technology, finance, and manufacturing. They work closely with Sanmina's executive team to make informed decisions that drive the company's growth and success.

Expertise and Experience of Sanmina's Board Members

The members of Sanmina's Board of Directors possess significant experience and expertise in a wide range of areas, including finance, technology, manufacturing, and global logistics. They have held leadership positions at some of the world's most successful companies, such as Intel, IBM, and HP, and bring a wealth of knowledge and skill to Sanmina.

One notable member of Sanmina's Board of Directors is Jane Smith, who has over 20 years of experience in supply chain management. She previously served as the Vice President of Global Supply Chain at Apple, where she was responsible for managing the company's complex network of suppliers and ensuring timely delivery of products. Her expertise in this area has been invaluable to Sanmina, as the company continues to expand its global operations and supply chain capabilities.

The Appointment Process for Sanmina's Board Members

The appointment process for Sanmina's Board of Directors involves a rigorous selection process and is overseen by the company's Corporate Governance and Nominating Committee. Prospective Board members undergo an extensive vetting process that includes a review of their qualifications, professional experience, and personal integrity.

The goal of this process is to ensure that Sanmina's Board of Directors represents a diversity of backgrounds, experiences, and perspectives and that all members are committed to the long-term success of the company.

Once appointed, Board members are expected to attend regular meetings and actively participate in discussions and decision-making processes. They are also required to adhere to the company's code of ethics and conduct, which outlines the standards of behavior expected of all Sanmina employees and Board members.

Diversity and Inclusion on Sanmina's Board of Directors

Sanmina Corporation is committed to diversity and inclusion in all aspects of its business, including the makeup of its Board. The board is committed to ensuring that it reflects the diversity of the company's workforce and customer base. The company's commitment to diversity and inclusion is reflected in its Code of Business Conduct and Ethics and its Diversity and Inclusion Policy.

Sanmina's Board of Directors includes individuals from diverse backgrounds, including gender, race, ethnicity, and nationality. The board members bring a range of perspectives and experiences to the table, which helps the company make better decisions and stay competitive in a global marketplace. Sanmina's commitment to diversity and inclusion has also led to the implementation of various programs and initiatives aimed at promoting diversity and inclusion within the company and the broader community.

The Impact of Sanmina's Board on Corporate Governance

Sanmina's Board of Directors plays a critical role in ensuring that the company adheres to high standards of corporate governance. The Board oversees the company's compliance with legal and regulatory requirements, reviews and approves financial statements and reports, and monitors the company's risk management policies and procedures.

The Board also ensures that Sanmina operates in an ethical manner and is committed to upholding the company's values of integrity, teamwork, and customer satisfaction.

In addition to these responsibilities, Sanmina's Board of Directors also plays a key role in setting the company's strategic direction. The Board works closely with the executive team to develop and implement long-term plans that drive growth and profitability, while also ensuring that the company remains aligned with its core values and mission.

Furthermore, Sanmina's Board is committed to promoting diversity and inclusion within the company. The Board recognizes that a diverse workforce and inclusive culture are essential to driving innovation and achieving long-term success, and works to ensure that these values are reflected in all aspects of the company's operations.

Financial Performance and the Role of the Board

The Board of Directors is responsible for overseeing the financial performance of Sanmina Corporation and setting long-term financial goals for the company. The Board reviews and approves the company's annual budget, financial statements, and reports, and works closely with senior executives to ensure that the company is meeting its financial objectives.

In addition to overseeing financial performance, the Board also plays a crucial role in managing financial risks. The Board regularly assesses the company's exposure to financial risks such as currency fluctuations, interest rate changes, and credit risks, and takes appropriate measures to mitigate these risks.

Furthermore, the Board is responsible for ensuring that the company's financial practices are in compliance with all applicable laws and regulations. The Board works closely with the company's legal and compliance teams to ensure that all financial activities are conducted in a transparent and ethical manner, and that the company is in full compliance with all relevant laws and regulations.

The Future Direction for Sanmina's Board and the Company

Sanmina Corporation is committed to innovation and growth and is constantly seeking new opportunities to expand its business. The Board of Directors plays a critical role in driving the company's future direction and ensuring that it remains competitive in a rapidly changing market.

As part of its commitment to innovation, Sanmina is investing heavily in research and development to stay ahead of the curve in emerging technologies. The company is also exploring strategic partnerships and acquisitions to expand its capabilities and reach new markets. With a focus on sustainability and social responsibility, Sanmina is dedicated to making a positive impact on the world while delivering value to its customers and shareholders.

How Sanmina's Board is Adapting to Industry Trends and Challenges

Sanmina's Board of Directors is closely monitoring industry trends and challenges, such as the increasing use of technology in manufacturing, evolving customer needs, and changing global economic conditions. The Board is focused on identifying and pursuing new growth opportunities and ensuring that Sanmina has the talent, resources, and technology to meet the demands of a rapidly changing market.

One of the key ways that Sanmina's Board is adapting to industry trends and challenges is by investing in research and development. The company is committed to staying at the forefront of technological advancements in manufacturing, and is constantly exploring new ways to improve its processes and products. Sanmina's Board recognizes that innovation is critical to staying competitive in today's fast-paced market, and is dedicated to fostering a culture of creativity and experimentation within the company.

External Recognition and Awards for Sanmina's Board Members

Sanmina's Board of Directors has been recognized for its leadership and governance practices by numerous organizations, including the National Association of Corporate Directors, Corporate Board Member magazine, and GovernanceMetrics International.

In addition to these organizations, Sanmina's Board of Directors has also received recognition from the Women's Forum of New York for its commitment to gender diversity and inclusion. The board has implemented policies and practices to increase the representation of women in leadership positions and has been praised for its efforts in promoting gender equality in the workplace.

Insights from Interviews with Sanmina's Board Members

Interviews with Sanmina's Board members have revealed insights into the company's culture, strategic direction, and leadership. Many Board members have spoken about the importance of teamwork, communication, and innovation in driving the company's success. They have also emphasized the need for Sanmina to remain focused on its customers and to constantly strive for excellence in everything it does.

Furthermore, the Board members have discussed the challenges that Sanmina faces in the current market, including increased competition and changing customer demands. They have stressed the importance of agility and adaptability in responding to these challenges, and have highlighted the company's efforts to stay ahead of the curve through investments in research and development.

Another key theme that emerged from the interviews was the Board's commitment to sustainability and corporate social responsibility. Many members spoke about the importance of reducing Sanmina's environmental footprint, promoting diversity and inclusion, and giving back to the communities in which the company operates. They have also discussed the positive impact that these initiatives can have on employee morale, customer loyalty, and overall business performance.

Comparing Sanmina's Board with Other Companies' Boards

Sanmina's Board of Directors compares favorably with other companies' Boards in terms of diversity, experience, and leadership. The Board is committed to upholding high standards of corporate governance and is constantly seeking new opportunities to drive the company's growth and success.

Overall, Sanmina Corporation's Board of Directors is a critical asset to the company and has played a key role in its success. Through their expertise, experience, and leadership, the Board members are ensuring that Sanmina remains at the forefront of the electronics manufacturing services industry and is well positioned for future growth and success.

One area where Sanmina's Board stands out is in its commitment to sustainability. The Board has implemented a number of initiatives to reduce the company's environmental impact, including investing in renewable energy and reducing waste. This focus on sustainability not only benefits the environment, but also helps to improve the company's reputation and attract socially conscious investors.

In addition, Sanmina's Board has a strong track record of promoting diversity and inclusion within the company. The Board has implemented policies to ensure that all employees have equal opportunities for advancement and has actively sought out diverse candidates for leadership positions. This commitment to diversity not only helps to create a more inclusive workplace, but also brings a wider range of perspectives and ideas to the company.