Jabil CEO Kenny Wilson placed on leave

  • After about a year in the position
  • Michael Dastoor taking over temporarily

(exechange) — Saint Petersburg, Florida, April 18, 2024 — Kenny Wilson, chief executive of Jabil, was placed on a leave of absence. As announced by Jabil Inc. in a regulatory filing published on Thursday, April 18, 2024, Kenneth S. (Kenny) Wilson has left his post as chief executive officer at the electronics contract manufacturer, after about a year in the role, effective April 15, 2024.

Kenny Wilson’s duties as CEO will be taken over temporarily by Michael Dastoor, previously Chief Financial Officer at Jabil Inc., as interim Chief Executive Officer.

“Investigation related to corporate policies”

Jabil stated: “On April 15, 2024, Mr. Kenneth S. Wilson, Chief Executive Officer and Director of Jabil Inc. …, was placed on a paid leave pending completion of an investigation related to corporate policies. The conduct that prompted this review does not relate to, and does not impact, the Company’s financial statements or financial reporting.”

Share price increase since May 2023

The announcement follows an increase in Jabil Inc.’s share price of 63% since May 2023. May 2023 is the month in which Wilson’s tenure as CEO began.

In the position of CEO since 2023

Kenny Wilson became CEO of the Company in 2023.

Kenneth S. Wilson was named Chief Executive Officer and member of the Board of Directors in May 2023.

Prior to that, he was Executive Vice President and Chief Executive Officer of Jabil Green Point since September 2017, and earlier served as Senior Vice President of the Telecommunications Infrastructure Sector within Jabil’s Enterprise & Infrastructure group.

He first joined Jabil in 2000.

Wilson has a bachelor’s in Manufacturing Engineering and an MBA from Edinburgh Business School.

No statement by Kenny Wilson

The announcement of his leave of absence does not include a statement by Kenny Wilson.

The above text is an excerpt from the exechange report 17.2024 ($), publication date April 22, 2024.