MFLEX Announces Changes to Its Board of Directors

Multi-Fineline Electronix, Inc., a leading global provider of high-quality, technologically advanced flexible printed circuit and value-added component assembly solutions to the electronics industry, announced that the company’s Board of Directors has appointed Philippe Lemaitre chairman of the board. Lemaitre, an independent director, has served on the MFLEX Board for the past two years.

In addition, Kheng-Joo Khaw has been elected to the Board of Directors at MFLEX’s Annual Meeting of Stockholders as a new independent director. These changes were made in response to the retirement of Philip Harding, who had served as chairman of the board since December 2003.

“I am honored to be appointed chairman of the Board of Directors of MFLEX,” Lemaitre commented. “I believe this is a great company with world-class employees and a very bright future. In my new role as chairman, I look forward to working with my talented colleagues to achieve our vision of profitable growth and maximizing shareholder value. In addition, I am very pleased that Kheng-Joo has joined the MFLEX Board. His extensive experience in both technology and manufacturing operations make him an excellent addition to the Board. Moreover, his experience as the CEO of two publicly listed, Asia-based companies provides insight into geographic regions and economic markets where MFLEX operates.”

“On behalf of MFLEX’s Board of Directors and employees around the globe, I extend my sincere appreciation and gratitude to Phil Harding for his dedication to the company over the past 23 years,” Lemaitre added. “His guidance and leadership have been invaluable in helping MFLEX become a trusted supplier of flex assemblies to leading smartphone and other consumer electronic device OEMs. I wish him well in his retirement and look forward to his informal counsel in the future.”

Lemaitre has served on the Board since March 2009. Since September 2007, Lemaitre has served as a director of Nasdaq-listed Sun Hydraulics Corporation. From October 1999 to January 2007, Lemaitre served as CEO and president of Woodhead Industries. From October 1999 to September 2006, Lemaitre also served as a member of Woodhead Industries board of directors, and was the chairman of the board from January 2001 through September 2006.

Lemaitre holds an M.S. in civil engineering from Ecole Speciale des Travaux Publics in Paris, France and an M.S. in engineering from the University of California at Berkeley.

Khaw currently serves on the board of the Singapore Airport Terminal Service, Ltd. (SATS), a position he has held since 2005. Previously, Khaw was CEO of MediaRing, Ltd. from 2002 to 2009 and was also a member of its Board of Directors during that time.

From 2000 to 2001, Khaw was president of Omni Electronics, a wholly owned subsidiary of the Singapore Exchange Limited Main Board-listed Omni Industries, Ltd, one of the largest electronic contract manufacturers in Asia before it was acquired by Celestica, Inc. in 2001. After the acquisition, Khaw served as senior vice president at Celestica, Inc. until 2002.

Prior to Omni Electronics, Khaw spent 26 years at Hewlett-Packard from 1973 until 1999. Khaw previously served on the board of directors of Total Automation, Ltd., Amtek Engineering, Ltd., and Senoko Power. Khaw holds an M.B.A. from Santa Clara University, California and a bachelor of science in electronic and computer engineering from Oregon State University.