Jabil Announces Leadership Transitions

Jabil Inc. (NYSE: JBL) (“Jabil” or the “Company”) today announced a number of senior leadership transitions that are effective immediately. Michael Dastoor, who has been serving as Chief Financial Officer and Interim CEO, has been appointed Chief Executive Officer. He succeeds Kenneth Wilson, who will no longer serve as Chief Executive Officer or on Jabil’s Board of Directors. Gregory Hebard, most recently Senior Vice President, Treasurer, has been appointed Chief Financial Officer. These actions follow the completion of the investigation related to corporate policies, which Jabil initially disclosed on April 18, 2024. This investigation did not relate to, and does not impact, the Company’s financial statements or financial reporting.

Mark Mondello, Executive Chairman of Jabil’s Board, said, “I have worked side-by-side with Mike for many years. I’m most confident in Mike’s abilities and appreciate his depth of experience. He has a complete understanding of the business and our people. Mike also carries an intense respect for our culture.”

“I am humbled by the trust that our Board has placed in me. I have tremendous pride in this Company and am fully committed to delivering results for our customers, our employees, and our investors in collaboration with all our partners,” said Dastoor. “We have an exceptional team at all levels in the organization. I look forward to working with all of them as we work to build on Jabil's legacy and pursue the exciting opportunities ahead.”

“We are also fortunate to have such a strong leadership roster to guide the Company into its next chapter and we couldn’t be more pleased to appoint Greg as our new CFO. Greg is an accomplished financial professional with a deep knowledge of Jabil and all its business units, and we look forward to partnering with him as we advance our strategic roadmap.”

Separately, Jabil has made several other appointments to the Company’s leadership team:

• Fred McCoy has been appointed Executive Vice President, Operations, replacing JJ Creadon. McCoy was most recently Executive Vice President, Global Business Units.
• Steve Borges has returned to his role under the title of Executive Vice President, Global Business Units, following a previously announced retirement.
• Matt Crowley has been appointed Executive Vice President, Global Business Units. He was most recently Senior Vice President, Global Business Units.
• Andy Priestley has been appointed Executive Vice President, Global Business Units. He was most recently Senior Vice President, Global Business Units.

About Mike Dastoor