Samik Chatterjee
JPMorgan Chase & Co, Research Division

Good afternoon, everyone. Thank you for being here. The next fireside chat I'm hosting is with Flex, and I have the pleasure of hosting Revathi Advaithi the CEO of the company; Michael Hartung, who's Chief Commercial Officer; and Kevin Krumm, who's CFO. Thank you all for being here at the conference. Thank you for taking the time. A lot of news over the last, what two weeks, three weeks. I can't remember now, but a lot of things to talk about.

And Revathi, maybe starting with you, you've been at Flex for seven years, a tenure where within which you -- this is now the second spin-off that you're announcing first NEXTracker, now the CPI segment. So tough not to notice a trend and a playbook here. Can you just talk about the rationale and sort of how strategically you're thinking about things?

Revathi Advaithi
CEO & Director

Yes. I'll just say, Samik, when I started with Flex seven years ago, we thought about the business in terms of opportunities for improvement; one, in terms of mix and portfolio; and two, in terms of productivity to improve kind of the financial returns.

And when we looked at mix and portfolio, it was everything from what we stop doing, what do we spin out, what do we invest in, all of those categories of thinking -- what do we stop doing? You saw a lot of things we stopped doing. We exited many consumer end markets. And what we