Revathi Advaithi
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Revathi Advaithi is an Indian-born American business executive. She is the CEO of Flex (formerly Flextronics) and an advocate for women in STEM[1] and in the workplace. Prior to joining Flex in 2019, Advaithi worked in various leadership positions at Eaton and Honeywell.[2]
Revathi Advaithi | |
|---|---|
| Born | October 18, 1967 India |
| Education | Birla Institute of Technology and Science (BS) Thunderbird School of Global Management (MBA) |
| Title | CEO of Flex |
| Term | February 2019 – present |
| Predecessor | Mike McNamara |
Advaithi is a co-chair of the World Economic Forum (WEF) Advanced Manufacturing CEO Community (2022) and has joined the WEF Alliance of CEO Climate Leaders (2021). She currently serves as an independent director on the Board of Directors of Uber[3] and Catalyst.org.[4] She is also a member of the MIT Presidential CEO Advisory Board. She was named to Fortune’s Most Powerful Women list in 2019, 2020,[5] 2021,[6] 2022,[7] and 2023.[8]
Revathi Advaithi was named 'Global Indian of the Year' at the ETPrime Women Leadership Awards 2023.[9]
Education edit
Advaithi graduated with a bachelor’s degree in mechanical engineering from the Birla Institute of Technology and Science in 1990, and earned an MBA from the Thunderbird School of Global Management in 2005.[10]
Career edit
Advaithi began her career as a shop floor supervisor at Eaton in Shawnee, Oklahoma.[11] She joined Honeywell in 2002, where she spent six years in functions spanning manufacturing and supply chain. In 2008, Advaithi returned to Eaton and helped run various groups within the electrical business unit for 10 years before becoming Eaton's COO.[3]
In February 2019, Advaithi joined Flex as CEO with a focus on driving the next era of technology, manufacturing and supply chain.[12]
Under Advaithi, Flex has shifted its focus to end-to-end customer value chain ownership, augmenting its core contract manufacturing business.[13]
She cites her leadership style as “being empathetic but making decisions quickly.” Revathi has shared that her business philosophy heavily focuses on sustainability, culture,[14] and diversity and inclusion.[15] She frequently provides industry guidance for the manufacturing and supply chain sectors.[16]
Advaithi has said the pandemic is “probably the most difficult time” she has faced in her career. Under her direction, Flex prepared its 50,000 Chinese workers to safely return to work in early February, and by early May, Flex had returned hundreds of remote workers to work and accelerated medical gear production to fight the pandemic.[17] Supply chain, operations and government professionals have recognized Flex for its ability to “secure PPE for itself and also ensure that its suppliers across the value chain were well stocked.” [18]
Advaithi stated the disruption caused by the pandemic is prompting global businesses “to take a far more serious look at restructuring their supply chains.”.[19] In 2022, she spoke about building more efficient supply chains at Fortune Brainstorm Tech.[20]
United States President Joe Biden appointed Advaithi to the Advisory Committee for Trade Policy and Negotiations (2023)[21] and the Advisory Committee on Supply Chain Competitiveness (2022).[22] In June 2023, Advaithi participated in the “Innovation Handshake” at the White House with India Prime Minister Narendra Modi and President Biden.[23] The following month, Advaithi hosted President Biden at a Flex factory in South Carolina, highlighting Flex’s partnership with Enphase Energy.[24]
Advaithi is also heavily focused on driving sustainable manufacturing practices at Flex. During her tenure, Flex made CDPs 'A list' for tackling water security[25] and has pledged to cut company carbon emissions in half by 2030.[26] In July 2022, under Advaithi's leadership, Flex announced a commitment to reach net zero greenhouse gas emissions by 2040.[27]
Advaithi served on the board of BAE Systems between January 2019 - July 2020.[28] In July 2020, she stepped down from this role and joined Uber as a board member.[29] She is also a member of the Business Roundtable,[30] and Catalyst CEO Champions For Change initiative.[31]
Media and speaking edit
In 2019, 2020, 2021, 2022 and 2023, Advaithi was named to Fortune's Most Powerful Women list, one of the few Indian-born CEOs recognized.[7]
Business Today also recognized Advaithi as one of Most Powerful Women in India in 2020.[32] In 2021, Gadgets Now listed Advaithi as one of the most important Indian-born tech executives in the world.[33] Advaithi believes India offers “manufacturing capability for domestic consumption” and that “being able to manufacture for India in India is of huge importance to [Flex] customers.” [34]
In 2021, Advaithi became a member of World Economic Forum's Alliance of CEO Climate Leaders, a coalition of business leaders across key sectors committed to driving positive climate action and sustainable economic growth.[35]
In April 2022, the Wall Street Journal profiled Advaithi in “The Modeling of a Manufacturing CEO” a Personal Board of Directors article focused on how she rose to the top of her industry with the encouragement from influential advisors.[36]
3BL also recognized her as a 2021 Responsible CEO of the Year for Worldwide Impact for her proven leadership on environmental, social and governance commitments.[37]
The National Safety Council (NSC) also named her as a “CEO Who Gets It” (2022) for fostering a culture where safety is a top priority.[38]
The Economic Times named Advaithi “Global Indian of the Year” in the 2023 ETPrime Awards.
Advaithi is also a frequent public speaker. She has spoken at the Fortune's Global Forum [39] and Most Powerful Women conferences, the Collision Conference,[40] Ethisphere's Global Ethics Summit,[41] Silicon Valley Leadership Group Annual Forum,[42] WEF's Advanced Manufacturing Working Group,[43] Harvard Business School panels,[44] Women Executive 50 Summit and Catalyst conferences [45] and Carnegie Mellon University events.[46]
Under Advaithi, Flex was named one of the World's Most Admired [47] and Most Ethical Companies,[48] and recognized on the Global 500 by Fortune.[49]
Personal life edit
Advaithi was born in India in 1967 to A.N.N Swamy, a chemical engineer and Visalam Swamy, a homemaker. Advaithi has four sisters. Her family lived in Bihar, Gujarat, Assam before finally settling in Chennai, India.
Advaithi met her husband Jeevan Mulgund in Hutchinson, KS and they married in 1998. Mulgund and Advaithi have since lived in England, Shanghai, Phoenix, AZ, Pittsburgh, PA, and they are currently residing in the San Francisco Bay Area. They have two children.[10]
Advaithi is a passionate advocate for diversity and inclusion in the workforce, as well as STEM education for girls [50] and computer science education.[51] In past interviews, Advaithi often says that she is inspired by her mother, who singlehandedly raised five daughters after her husband’s death and ensured that they received good educations.[52]
References edit
- ^ Tellis, Shannon (September 25, 2019). "Revathi Advaithi, only Indian-origin CEO on Most Powerful Women in Biz list, is a BITS Pilani alum, advocates STEM education for girls". The Economic Times.
- ^ "This Fortune 500 CEO Is Obsessed With Gender Parity—But She Still Hasn't Achieved It. Here's Why". Time. March 5, 2023. Retrieved April 6, 2023.
- ^ a b Loizos, Connie (July 2, 2020). "Uber adds another director to its board Flex CEO Revathi Advaithi". Tech Crunch.
- ^ Stych, Anne. "Working women's advocacy group Catalyst adds UPS CEO Carol Tome, five others to board". The Business Journals.
- ^ "Most Powerful Women". Fortune.
- ^ "Most Powerful Women". Fortune.
- ^ a b "Most Powerful Women". Fortune.
- ^ "The 100 Most Powerful Women". Fortune. Retrieved October 6, 2023.
- ^ "ETPrime Women Leadership Awards 2023". The Economic Times.
- ^ a b "Eaton electrical unit chief 'giving space'". Pittsburgh Post-Gazette. Retrieved June 23, 2020.
- ^ Tellis, Shannon (September 25, 2019). "Revathi Advaithi, only Indian-origin CEO on Most Powerful Women in Biz list, is a BITS Pilani alum, advocates STEM education for girls". The Economic Times. Retrieved June 23, 2020.
- ^ Gale, Michael. "A Lesson For The Vaccine Industry From The Future of Flexible Manufacturing". Forbes. No. February 8, 2021.
- ^ Moorhead, Patrick. "Meet Flex: One Of The Most Crucial Companies You May Not Be Familiar With". Forbes. No. June 22, 2020.
- ^ Swan, Daniel. "CEO dialogue: Perspectives on productivity and sustainability". McKinsey & Company.
- ^ Reiss, Robert. "Flex, Revathi Advaithi, CEO". The CEO Forum.
- ^ "Transcript: The Path Forward: Manufacturing with Revathi Advaithi". Washington Post.
- ^ Lynch, David (July 30, 2020). "Business Unusual". The Washington Post.
- ^ Handfield, Robert (February 15, 2021). "How Business Leaders Can Prepare for the Next Health Crisis". Harvard Business Review.
- ^ Dempsey, Harry (June 6, 2021). "Chip shortage to last until at least mid-2022, warns manufacturer". Financial Times.
- ^ "Brainstorm Tech 2022: Building More Efficient Supply Chains". Fortune. Retrieved February 21, 2023.
- ^ "President Biden Announces Key Appointments to Boards and Commissions". White House. March 10, 2023. Retrieved September 21, 2023.
- ^ "Advisory Committee On Supply Chain Competitiveness". International Trade Administration. Retrieved September 21, 2023.
- ^ Vuukle. "PM Modi at White House on third successive day for "Hi-tech handshake" with top CEOs". Retrieved September 21, 2023.
- ^ Kim, Elizabeth. "Biden to Announce $60 Million Enphase Energy Investment". Retrieved September 21, 2023.
- ^ "The A List 2020". CDP.
- ^ Patel, Nilay. "FLEX MANUFACTURES EVERYTHING FROM HAIR DRYERS TO THE MAC PRO — WHAT'S NEXT?". The Verge. Retrieved May 25, 2021.
- ^ "Flex releases 2022 sustainability report". Construction Week.
- ^ "Top 5 Indian origin tech executives in the world". Business Reader. February 3, 2021. Retrieved March 31, 2021.
- ^ "Uber adds another director to its board: Flex CEO Revathi Advaithi". TechCrunch. July 2, 2020. Retrieved September 24, 2020.
- ^ "Business Roundtable".
- ^ "Catalyst CEO Champions For Change".
- ^ "BT MPW 2020 Business Today honors 'Most Powerful Women' who lead from the front". Business Today.
- ^ "17 most-important Indian origin tech executives in the world". Gadgets Now.
- ^ Das, Goutman (May 3, 2021). "Growth could be positive, strong through next year: Revathi Advaithi, CEO, Flex". Mint.
- ^ "CEO Climate Alliance to world leaders: We support you in taking decisive climate steps at COP26". World Economic Forum. October 27, 2021.
- ^ Glazer, Emily. "The Molding of a Manufacturing CEO". Retrieved February 27, 2023.
- ^ "Responsible CEO of the Year Awards".
- ^ "The 2022 CEOs Who 'Get It'". Safety + Health.
- ^ "FORTUNE Global Forum VIRTUAL". Fortune.
- ^ "When robots become co-workers". Collision.
- ^ "Revathi Advaithi". Global Ethics Summit. February 17, 2021.
- ^ "Silicon Valley Leadership Group debuts 'Inclusive Conversations' series at the 2020 Annual Virtual Forum"". Silicon Valley Leadership Group. October 29, 2020.
- ^ "Pioneers of Change Summit". World Economic Forum.
- ^ . Harvard Business School. Archived from the original on September 5, 2021. Retrieved February 26, 2021.
- ^ "2021 Catalyst Awards". Catalyst.
- ^ "W.L. Mellon Speaker: Revathi Advaithi". Carnegie Mellon University.
- ^ "World's Most Admired Companies". Fortune.
- ^ "Ethisphere Recognizes Flex as One of the World's Most Ethical Companies". SMT007. November 18, 2019.
- ^ Hinchliffe, Emma. "The number of women running Global 500 businesses soars to an all-time high". Fortune.
- ^ "EMSNOW Executive Interview: Revathi Advaithi, CEO, Flex · EMSNow". EMSNow. March 11, 2020. Retrieved June 23, 2020.
- ^ "Computer Science: Opportunity for Every Student". www.ceosforcs.com/.
- ^ Revathi Advaithi: Risk, Persistence, and the American Dream (Video). Milken Center for Advancing the American Dream. Retrieved March 7, 2022.