Jabil Inc.
Jabil Announces Departure of Executive Chairman and Two Board Members
Summary
On October 16, 2025, Jabil Inc. announced that Executive Chairman Mark T. Mondello, along with Directors Kathleen A. Walters and Jamie Siminoff, will not seek re-election at the company's 2026 Annual Meeting of Stockholders. Lead Director Steve Raymund is expected to assume the role of chairman of the board. The company also plans to enter into a consulting agreement with Mr. Mondello following his departure. The press release regarding these departures is furnished as Exhibit 99.1.
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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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