Benchmark Announces CEO Succession Plan

TEMPE, Ariz.--(BUSINESS WIRE)--Sep 2, 2025--

Benchmark Electronics, Inc. (NYSE: BHE), a worldwide provider of innovative product design, engineering services, technology solutions, and advanced manufacturing services, today announced President and Chief Executive Officer Jeff Benck’s intention to retire effective March 31, 2026.

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Since becoming CEO in 2019, Mr. Benck has guided Benchmark through a period of strategic transformation and growth. He has built and developed a world-class executive team to align technology and talent with the evolving needs of high-tech industries. Under his leadership, the company has accelerated its innovation agenda, expanded engineering capabilities, and introduced advanced manufacturing practices that enhanced execution and scalability. His customer-first mindset has also fueled faster product development cycles and stronger support in navigating complex global regulatory environments.

As part of Benchmark’s succession planning process, Benchmark’s Executive Vice President and Chief Commercial Officer, David Moezidis, will become Benchmark’s President and Chief Commercial Officer effective immediately and assume the role of Chief Executive Officer on March 31, 2026. Upon his retirement as CEO, Mr. Benck will remain with Benchmark as an advisor to the company until March 31, 2027, to support a seamless leadership handoff.

Jeff Benck, President and CEO, commented, “I’ve had the privilege of working alongside the most exceptional management team in the industry. Their passion for executing upon our differentiated strategy, combined with the unwavering dedication of our employees to fulfilling our purpose, has firmly established Benchmark as an industry leader.” Benck continued, “David is a broadly recognized and seasoned executive with deep EMS industry expertise and a thorough understanding of Benchmark’s mission and culture. He has built strong relationships with our customers and played a pivotal role in shaping and advancing key strategic initiatives. I am confident in his ability to lead the company into its next phase of growth.”

Benchmark’s Board Chair David Scheible commented, “On behalf of the Board, I want to express our deepest gratitude to Jeff for his exceptional leadership and commitment to Benchmark. Over the course of his tenure, Jeff has guided the company through transformative growth, navigated complex challenges, and built a culture rooted in innovation and integrity. His legacy will be felt for years to come. We wish Jeff all the best in retirement and appreciate his continued support during this transition.” Scheible continued, “The Board is confident that David Moezidis will provide outstanding leadership to Benchmark, building on our strong foundation to exceed our customer's needs, foster employee advancement, and create value for our shareholders.”

Mr. Moezidis, who has been serving as Executive Vice President and Chief Commercial Officer of Benchmark since 2023, brings over 35 years of leadership experience in operations, engineering, sales, and marketing across the digital imaging, semiconductor capital equipment, and electronic manufacturing services industries. Prior to Benchmark, he spent 25 years at Flex, where he served as the President of the Lifestyle Solutions group, and prior to that as the Senior Vice President of the Industrial and Energy group. Mr. Moezidis holds two Bachelor of Science degrees in Engineering, a Master of Business Administration from Pepperdine University, and has completed the Executive Management Program at Stanford University.

About Benchmark Electronics, Inc.

Benchmark provides comprehensive solutions across the entire product lifecycle by leading through its innovative technology and engineering design services, leveraging its optimized global supply chain, and delivering world-class manufacturing services in the following industries: advanced computing and communications, aerospace and defense, industrial, medical, and semiconductor capital equipment. Benchmark operates in eight countries and its common shares trade on the New York Stock Exchange under the symbol BHE.

David Moezidis

Jeff Benck

KOHALA, Hawai‘i--(BUSINESS WIRE)--Jan 15, 2026--

Kuleana Rum Works, the Hawai‘i-based distillery known for its additive-free, award-winning rums, today announced the release of “An Open Letter on Additive-Free Rum,” written by Founder & CEO Steve Jefferson, addressing why rum is now facing the same scrutiny and market shift that reshaped tequila a decade ago.

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Consumers across spirits are demanding more honesty about how products are made. Additive-free labeling has already transformed tequila and is reshaping whiskey and RTDs. Drinkers now expect producers to protect natural flavor instead of masking it, and bartenders increasingly use transparency as a measure of quality. The letter positions rum as the next category entering this accountability cycle, as more consumers begin to question undisclosed sweeteners, flavorings and added color.

Tequila provides the clearest precedent. Producers who embraced additive-free methods helped premiumize the category, while brands relying on undisclosed additives now face growing skepticism. According to the letter, rum is approaching the same turning point. Jefferson explains that Kuleana Rum Works was founded on additive-free principles: growing heirloom Hawaiian kō (sugarcane), fermenting and distilling fresh juice at lower proof to preserve natural character, adding nothing after distillation and holding all blending partners to the same standards. Every rum — whether distilled in Hawai‘i or sourced — is verified additive-free through independent lab testing and supplier documentation.

“Consumer expectations are changing fast across spirits,” said Steve Jefferson, Founder and CEO of Kuleana Rum Works. “People want honesty in what they drink, and they’re rewarding producers who protect natural flavor rather than covering it up. Additive-free isn’t a trend — it’s becoming the standard, and rum is now facing that shift head-on.”

Additional detail in the letter underscores how production choices such as fresh juice fermentation, low-proof distillation and a strict no-additives policy create transparency and flavor integrity that align with what the market is valuing.

About Kuleana Rum Works

Founded on the island of Hawai‘i in 2013, Kuleana Rum Works crafts award-winning, additive-free rums — led by its signature Hawaiian Rum Agricole® — from fresh kō (heirloom Hawaiian sugarcane) grown on its regenerative Kohala farm. Now available in 17 states and Japan, Kuleana Rum Works champions excellence, transparency and community stewardship. Visit kuleanarum.com to learn more.

https://kuleanarum.com/additive-free/