Finance

Adzema has joined the Sanmina Corporation (NASDAQ:SANM) as Executive Vice President and Chief Financial Officer

 Sanmina Corporation (NASDAQ:SANM) stock identified change of 35.96% away from 52-week low price and recently located move of -12.65% off 52-week high price. It has market worth of $2065.7M. SANM stock has been recorded -0.77% away from 50 day moving average and 0.80% away from 200 day moving average. Moving closer, we can see that shares have been trading -3.65% off 20-day moving average.

On Oct. 14, 2019, Sanmina Corporation (NASDAQ:SANM) a leading integrated manufacturing solutions company, reported Kurt Adzema has joined the Company as Executive Vice President and Chief Financial Officer. Mr. Adzema succeeds David Anderson, who previously announced in January 2019 his plan to retire. Mr. Anderson will help facilitate a smooth transition and will remain as an advisor to Sanmina’s Executive Chairman through March 27, 2020.

Mr. Adzema brings over 20 years of experience in financial leadership roles with an extensive background in corporate development, strategic planning, financial analysis,investment banking and investor relations. Most recently, he served as Chief Financial Officer of publicly traded Finisar, a leading supplier and vertically integrated manufacturer of optical communications products. Prior to Finisar, he held various positions at SVB Alliant, Montgomery Securities/Banc of America Securities, and Smith Barney. Mr. Adzema holds a BA in Mathematics from the University of Michigan and an MBA from the Wharton School at the University of Pennsylvania.

I look forward to working with Kurt. His extensive financial experience and strong leadership skills make him a great addition to our team. He will be a tremendous asset in the execution of our long-term strategy and disciplined approach to profitable growth, operational efficiencies, cash generation and capital allocation. I thank David for his support during my transition into Sanmina, said Hartmut Liebel, Chief Executive Officer.

 The Technology sector company, Sanmina Corporation noticed change of -0.36% to $30.32 along volume of 209514 shares in recent session compared to an average volume of 357.77K. The stock observed return of -1.04% in 5 days trading activity. The stock was at -6.94% over one month performance. SANM’s shares are at -0.20% for the quarter and driving a 26.70% return over the course of the past year and is now at 26.02% since this point in 2018.   The average volatility for the week at 2.70% and for month was at 2.73%. There are 68.13M shares outstanding and 67.59M shares are floated in market. Right now the stock beta is 1.32. 

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