Jure sola biography examples

Jure sola net worth

These accolades are mostly attributable to Jure Sola, the founder who helped establish and shape the company, and who still does so today. Sola was known as a demanding and at times tough boss, who could defy conventional wisdom. His strategic vision was in retrospect quite prescient and his two acquisitions — Hadco in and then that of the larger SCI Systems Corp.

Born in Croatia, Sola came to the United States as a year-old in After receiving an engineering degree from San Jose State University, he joined the management of the electronic manufacturing company Lika, producing electronic transducers and control instruments for factory automation. Sola became chairman and president of Sanmina in Sanmina was founded as a printed circuit board manufacturer.

During the s, it expanded into manufacturing backplanes and subassemblies for the telecommunications industry. During the s, the company grew by producing complete products for major OEM companies and completing a number of acquisitions. Sola commented at the time that he wanted to avoid consumer products and focus on high-end products, including telecommunications, medical technology and high-end computing.

Who owns sanmina

He claimed at the time in an interview that his success was due to the niches they chose, good management and closely watching costs. His tough management practices were well-known at the time. SCI was a larger company, and a pioneer in strategies like vertical integration, and high volume manufacturing; however the recession in the mids brought volatility, and customers began to aggressively push for lower prices, and threatened to change suppliers, which was possible as by this time SCI had a growing list of new competitors.

SCI had worked to broaden its customer base, and improved efficiencies but ultimately decided to exit the industry. Some expressed doubt that he could successfully merge the two businesses, with their different strategic operating systems. This added muscle allowed Sola to turn his attention to Asia, winning business in Japan, and taking advantage of low-cost labor in China for manufacturing.