Home Page ContentPress Releases Plexus Announces Regional President — EMEA, Steve Frisch

Plexus Announces Regional President — EMEA, Steve Frisch

by david.nunes
NEENAH, Wis., Oct. 12, 2010 (GLOBE NEWSWIRE) -- Plexus Corp. (Nasdaq:PLXS)
today announced that Steve Frisch, an Executive Officer of Plexus, has
transitioned into a new role as Regional President - EMEA (Europe, Middle East,
Africa). Steve will provide cohesive regional leadership to the Plexus EMEA
team and will retain the top level leadership role over Plexus Technology
Group, the Company's engineering services organization. 
Dean Foate, President and CEO, commented, "Steve's assignment is an important
milestone in the evolution of our EMEA regional growth strategy; a market that
is vitally important to our longer-term growth goals. With a successful
strategy, we will engage multinational customers that should ultimately benefit
both our EMEA regional sites and other global Plexus sites. Over the last
several years we have advanced supporting initiatives to set the stage for
regional market penetration including investments in our EMEA customer
development resources, our new manufacturing site in Oradea, Romania, and the
positioning of our operations in the UK as part of a broader, integrated EMEA
regional service offering. In this new role, Steve will continue to develop our
regional strategy and build our Plexus brand as the leader in delivering
mid-to-low volume, higher complexity Product Realization Value Stream solutions
in this geographically important region." 
Previously, Steve has held various management positions in the Company's
engineering services organization and has more than 20 years of electronics
industry experience. He holds a master's of science degree in electrical
engineering from Marquette University and a bachelor's of science degree in
electrical engineering and technology from the Milwaukee School of Engineering. 
About Plexus Corp. - The Product Realization Company
Plexus (www.plexus.com) delivers optimized Product Realization solutions
through a unique Product Realization Value Stream service model. This customer
focused service model seamlessly integrates innovative product design,
customized supply chain solutions, uniquely configured "focused factory"
manufacturing, global end-market fulfillment and after-market services to
deliver comprehensive end-to-end solutions for customers in the North American,
European and Asia-Pacific regions. 
Plexus is the industry leader in servicing mid-to-low volume, higher complexity
customer programs characterized by unique flexibility, technology, quality and
regulatory requirements. Award-winning customer service is provided to over 100
branded product companies in the Wireline/Networking, Wireless Infrastructure,
Medical, Industrial/Commercial and Defense/Security/Aerospace market sectors. 
The Plexus Corp. logo is available at
Safe Harbor and Fair Disclosure Statement 
The statements contained in this release which are guidance or which are not
historical facts (such as statements in the future tense and statements
including "believe," "expect," "intend," "plan," "anticipate," "goal," "target"
and similar terms and concepts), including all discussions of periods which are
not yet completed, are forward-looking statements that involve risks and
uncertainties. These risks and uncertainties include, but are not limited to:
the effect of changes in management structure; the ultimate degree of success
or lack thereof of our financial performance from the EMEA strategy; the
economic performance of the industries, sectors and customers we serve; the
risk of customer delays, changes, cancellations or forecast inaccuracies in
both ongoing and new programs; the poor visibility of future orders,
particularly in view of current economic conditions; the effects of the volume
of revenue from certain sectors or programs on our margins in particular
periods; our ability to secure new customers, maintain our current customer
base and deliver product on a timely basis; the risk that our revenue and/or
profits associated with customers who have been recently acquired by third
parties will be negatively affected; the risks relative to new customers,
including our arrangements with The Coca-Cola Company, which risks include
customer delays, start-up costs, potential inability to execute, the
establishment of appropriate terms of agreements, and the lack of a track
record of order volume and timing; the risks of concentration of work for
certain customers; our ability to manage successfully a complex business model;
the risk that new program wins and/or customer demand may not result in the
expected revenue or profitability; the fact that customer orders may not lead
to long-term relationships; the effects of the current constrained supply
environment, which has led and may continue to lead to periods of shortages and
delays in obtaining components based on the lack of capacity at some of our
suppliers to meet increased demand, or which may cause customers to increase
forecasts and orders to secure raw material supply or result in our inability
to secure raw materials required to complete product assemblies; raw materials
and component cost fluctuations particularly due to sudden increases in
customer demand; the risks associated with excess and obsolete inventory,
including the risk that inventory purchased on behalf of our customers may not
be consumed or otherwise paid for by customer resulting in an inventory
write-off; the weakness of the global economy and the continuing instability of
the global financial markets and banking system, including the potential
inability on our part or that of our customers or suppliers to access cash
investments and credit facilities; the effect of changes in the pricing and
margins of products; the effect of start-up costs of new programs and
facilities, including our recent and planned expansions,  our plans to further
expand in Penang, Malaysia and other locations, and to our intention to
increase our EMEA presence; the adequacy of restructuring and similar charges
as compared to actual expenses; the risk of unanticipated costs, unpaid duties
and penalties related to an ongoing audit of our import compliance by U.S.
Customs and Border Protection; possible unexpected costs and operating
disruption in transitioning programs; the potential effect of world or local
events or other events outside our control (such as drug cartel-related
violence in Mexico, changes in oil prices, terrorism and war in the Middle
East); the impact of increased competition; and other risks detailed in the
Company's Securities and Exchange Commission filings (particularly in Part I,
Item 1A of our annual report on Form 10-K for the fiscal year ended October 3,
CONTACT:  Plexus Corp.
          Ginger Jones, Vice President, Chief Financial Officer

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