Plexus Names Steve Frisch President and Chief Strategy Officer and Oliver Mihm Chief Operating Officer

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[{"type":"text","content":"NEENAH, WI, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) announced today the appointment of Steve Frisch, 55, to President and Chief Strategy Officer and Oliver Mihm, 50, to Executive Vice President and Chief Operating Officer. These promotions expand senior leadership bandwidth and further leverage organizational talent to guide successful execution of Plexus’ strategy within the current demand and operating environment. In addition, the appointments strengthen Plexus’ position to maintain industry-leading revenue growth and operating performance to create shareholder value. With his promotion, Mr. Frisch assumes the responsibilities of driving the long-term growth of the enterprise, innovation across Plexus’ global operations and the execution of Plexus’ strategy. These responsibilities include oversight of Plexus’ go-to-market, manufacturing technology, engineering solutions, quality and information technology organizations. With his promotion, Mr. Mihm assumes the responsibilities of ensuring global operational alignment and flawless global execution including oversight of Plexus’ regional operations and the aftermarket services and supply chain organizations. Todd Kelsey, Chief Executive Officer, commented, “These promotions support long-term succession planning and the ability to successfully execute our strategy that is comprised of a defined market focus, superior execution, a passion for excellence and a disciplined financial model. Steve and Oliver are positioned to employ their unique talents and substantial industry expertise to support Plexus’ vision to help create the products that build a better world and our goal of $5 billion in revenue with a 5.5% GAAP operating margin by our fiscal 2025.” Mr. Kelsey continued, “Steve is an experienced leader with an extensive knowledge of our company, customers and industry. These attributes make him exceptionally qualified to succeed in his new role, driving superior revenue growth though global alignment of our market-driven strategy, and ensuring that the technology and innovation are in place to sustain Plexus’ success. Throughout his more than 30-year tenure with Plexus, Steve has demonstrated a reputation for developing high performing teams, establishing new strategies, building on Plexus’ competitive advantages and delivering results that drive shareho...

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