Plexus Announces Regional President — EMEA, Steve Frisch

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

http://www.globenewswire.com/newsroom/prs/?pkgid=7065 

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,

2009). 

CONTACT:  Plexus Corp.

          Ginger Jones, Vice President, Chief Financial Officer

          920-751-5487

          ginger.jones@plexus.com