Flex CEO - Revathi Advaithi chairs as independent Board Member for Uber
By MYBRANDBOOK
Uber has added a new, independent board member, Flex CEO Revathi Advaithi, a Mechanical Engineer who grew up in India with four sisters, was appointed to the top job in February of last year after spending roughly 10 years with the electronic manufacturing company Eaton, where she was COO and oversaw its global electrical business. Prior to that, she spent six years as a VP at Honeywell.
Advaithi came to the job at a tough time. Specifically, Flex once counted among its biggest customers of the Chinese company Huawei, for which it provided contract services for products like smartphones and 5G base stations. But the U.S. government last year banned U.S. firms, and non-U.S. firms with more than 25% American components in their products from doing business with Huawei after it was deemed a national security risk.
Indeed, Flex, which today enjoys a market cap of $5 billion, saw its shares trading in the high teens in 2018, but they’d fallen to around $10 a share before Advaithi was brought aboard, and they have largely stayed there since.
Advaithi is currently Uber’s third female director. In February, it announced that Mandy Ginsberg had been appointed to the board. Ginsberg was CEO of the dating app company Match Group until January of this year, reportedly stepping down from the role after a tornado hit her home in Dallas and she separately underwent surgery. (Publicly traded Match Group was already expected at the time to be spun away from its majority shareholder, IAC, a maneuver that was completed yesterday.)
In 2017, Uber also appointed Nestlé then Executive Wan Ling Martello to its board. Martello left Nestlé in 2018.
Entrepreneur Arianna Huffington was the first woman brought into Uber’s boardroom back in 2016 by then CEO Travis Kalanick. She left her seat last year, citing the growth of her media company, Thrive Global, as the reason for her departure.
Advaithi began her career in the U.S. decades ago as a shop floor supervisor in Shawnee, Oklahoma. She took over as Flex CEO last year when its long-time chief, Michael McNamara, resigned to join the venture capital firm Eclipse.
InterGlobe’s Rahul Bhatia and C.P. Gurnani together announce
In a move that is set to transform the AI landscape, Rahul Bhatia, Group M...
Download masked Aadhaar to improve privacy
Download a masked Aadhaar from UIDAI to improve privacy. Select masking w...
Sterlite Technologies' Rs 145 crore claim against BSNL rejecte
An arbitrator has rejected broadband technology company Sterlite Technolog...
ID-REDACT® ensures full compliance with the DPDP Act for Indi
Data Safeguard India Pvt Ltd, a wholly-owned subsidiary of Data Safeguard ...
AMARA RAJA POWER SYSTEMS LTD.
RELIANCE JIO INFOCOMM LTD.
POLYCAB INDIA PVT. LTD.
BHARAT ELECTRONICS LTD.
Technology Icons Of India 2023: Lt Gen (Dr.) Rajesh Pant (Retd.)
LT Gen(Dr.) Rajesh Panth (Retd.), National cyber security coordination...
Technology Icons Of India 2023: Gautam Adani
Gautam Adani is the Founder and the Chairman of the Adani Group, an In...
Technology Icons Of India 2023: Sridhar Vembu
Sridhar Vembu is an Indian billionaire business magnate and the Founde...
INDIANOIL helps reach precious petroleum fuels to every nook and corner of the country
IndianOil, a diversified, integrated energy major with presence in alm...
DRDO is India's largest and most diverse research organisation
DRDO is the R&D wing of Ministry of Defence, Govt of India, with a vis...
TCIL continues to strengthen India with its technology expertise
TCIL undertakes consultancy & turnkey projects in the field of Telecom...
SUPERTRON ELECTRONICS PVT. LTD.
Supertron deals in servers, laptops, components, accessories and is a...
ACCERON INFOSOL PVT. LTD.
It is a leading value added distributor in the IT security space and h...
WPG C&C COMPUTERS & PERIPHERALS PVT. LTD.
WPG C&C Computers & Peripherals (India) was incorporated in 2008 and ...