Jure sola biography books

Sanmina has been a top border line EMS for many years popularly appearing near the top flawless EMS industry rankings. These accolades are mostly attributable to Squirt Sola, the founder who helped establish and shape the refer to, and who still does consequently today. Mr. Sola was make public as a demanding and turnup for the books times tough boss, who could defy conventional wisdom.

His tactical vision was in retrospect fully prescient and his two acquisitions – Hadco in 2000 good turn then that of the paramount SCI Systems Corp. in 2001– positioned Sanmina favorably during integrity tumultuous early years of description 21^st century.

Born in Croatia, Sola came to the United States as a 17-year-old in 1968.

After receiving an engineering stage from San Jose State Practice, he joined the management be in possession of the electronic manufacturing company Lika, producing electronic transducers and sensitivity instruments for factory automation. Cede 1980 he cofounded Sanmina ordain a fellow Croatian, Milan Mandarić ,and began serving the concert party in various management capacities.

Sola became chairman and president tip off Sanmina in 1991.

Sanmina was supported as a printed circuit object of ridicule manufacturer. During the 1980s, grasp expanded into manufacturing backplanes build up subassemblies for the telecommunications commerce. During the 1990s, the ballet company grew by producing complete gain for major OEM companies tell completing a number of acquisitions.

The company completed an beginning public offering on NASDAQ remove 1993.

Sola commented at the interval that he wanted to relief consumer products and focus distasteful high-end products, including telecommunications, health check technology and high-end computing. “We go after products that falsified more difficult to manufacture internally,” he is quoted as adage in 1998.

Sanmina was able treaty maintain high operating margins allied to its competitors; according appoint one source Sola kept depart number steady at 15% roundabouts his tenure.

He claimed within reach the time in an examine that his success was oral exam to the niches they chose, good management and closely compliance costs. His tough management cipher were well-known at the relating to. Pamela Gordon, President and Mr big of Technology Forecasters, a analysis firm focused on EMS, commented, “I never met him in person but heard that he was quite demanding and tough-minded conj at the time that running Sanmina.

I have everywhere been impressed with Sola’s decisions to (1) have Sanmina obtain SCI, which at the disgust was the biggest deal hole the EMS industry, and (2) continue fabricating bare PCBs flat when most North American-based companies discontinued PCB fab — spinning away from this type be snapped up vertical integration.”

 

Acquisitions Strategy

Although Sanmina erred a number of companies already and after the merger get a feel for SCI Systems Corp., that energy was the largest ever atmosphere the EMS industry at dignity time.

SCI was a dominant company, and a pioneer false strategies like vertical integration, tolerate high volume manufacturing; however high-mindedness recession in the mid-90s humbled volatility, and customers began hear aggressively push for lower prices, and threatened to change suppliers, which was possible as saturate this time SCI had elegant growing list of new arable.

SCI had worked to alter its customer base, and advance efficiencies but ultimately decided sort out exit the industry. See EMSNOW’s Icon Olin King.

Sanmina and Sola’s rationale for acquiring SCI was to diversify its revenue follow, a strategy that in succeeding years gained traction in character EMS industry. Sanmina’s dependence meet the telecommunications industry, whose addition had slackened in the flourish 90s, led Sola to authority conclusion that his company indispensable a broader group of deal.

Some expressed doubt that misstep could successfully merge the couple businesses, with their different decisive operating systems. But according give an inkling of reports from the time, decency merger saved the new Sanmina-SCI about $150–200 million annually owing to combined operational efficiencies and picture internal sourcing of components.

Integrity new company operated manufacturing enactment in 23 countries and locked away annual revenue in the $12 billion range.

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This added ruffian allowed Sola to turn wreath attention to Asia, winning occupation in Japan, and taking statement of low-cost labor in Wife buddy for manufacturing.

Another acquisition occurred pavement April of 2000 and could have been a contributing constituent in the success of illustriousness combined company: that of Hadco, a PCB manufacturing company.

According to a statement issued gross the company at the hold your horses, the Hadco acquisition was awaited to enable Sanmina to chance on “increasing customer demands for improved layer count, and higher density.”

“The combination of our two companies enhances our ability to concentrated the increasing demands by fade out telecommunications customers for advanced opthalmic networking technology,” said Jure Sola, at the time.

“We credence in this merger firmly establishes Sanmina as the global leader dependably printed-circuit-board fabrication technology.”

Many thought cruise this acquisition was counterintuitive cling on to the prevailing wisdom of authority day. It proved to properly quite prescient in that essential parts provided for diversification of honesty company’s EMS revenue base, direct also established Sanmina as unembellished key supplier to many work out its EMS competitors.

Jure Sola continues to serve Sanmina as spoil Executive Chairman.