Form 8-K · Current Report · Filed 2024-04-18
Jabil Inc. CEO Placed on Paid Leave; CFO Appointed Interim CEO
On April 15, 2024, Jabil Inc. announced that its CEO, Kenneth S. Wilson, has been placed on a paid leave pending an investigation into corporate policies. This action does not impact the company's financial statements. The Board of Directors appointed Michael Dastoor, the current CFO, as the interim CEO, effective April 19, 2024. Mark T. Mondello remains the Executive Chairman of the Board.
- Filer
- Jabil Inc. JBL · NYSE
- Filed
- Accession
- 0001193125-24-100952
- CIK
- 0000898293
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$129.65
Next session
-8.4%
Since filing
+143.0%
Latest close
$315.05
What happened, not what will happen — closing prices around the filing date.
About Jabil Inc.
Jabil Inc. is a multinational manufacturing services company that provides design, manufacturing, and supply chain solutions globally. Catering primarily to the electronics manufacturing sector, Jabil Inc. plays a crucial role in the product lifecycle, from concept and design to delivery and logistics. Serving diverse industries such as healthcare, automotive, industrial, and consumer products, Jabil helps companies innovate, scale, and enhance product quality. Its prowess in supply chain management and distribution exemplifies its commitment to operational efficiency and responsiveness, crucial in today’s fast-paced market environments. Headquartered in St. Petersburg, Florida, Jabil’s strategic focus on technological advancements and its expansive global operations underscores its importance as a partner in enabling businesses to bring advanced technological products to market efficiently. This capability enhances its significance in the manufacturing and logistics sectors, making it a key player in the production backbone for many global brands.
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