Sanmina Corp. said Thursday that it will appoint Chief Financial Officer Bob Eulau as chief executive officer, effective Oct. 2. He will replace current CEO Jure Sola, who will assume the role of executive chairman on Oct. 2. Sola has been CEO since 1991, and Eulau has been CFO since September 2009. "Bob and I have collaborated for the last eight years and he has been instrumental in the successful transformation of Sanmina, making this a perfect time for him to become Sanmina's next chief executive officer," Sola said. The electronics contract manufacturer's stock, which was still inactive in premarket trade, has gained 4.4% year to date through Wednesday, while the S&P 500 has climbed 8.7%.
Continue Reading Below
Copyright © 2017 MarketWatch, Inc.