Michael Dastoor Set to Succeed as Chief Financial Officer
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Apr. 24, 2018--
Today Jabil Inc. (NYSE:JBL), announced that Chief Financial Officer
Forbes I.J. Alexander has elected to retire from his role effective
August 31, 2018, following a distinguished 25-year career with the
Company. Further, as part of its succession planning process, the
Company announced that Michael K. Dastoor, Senior Vice President,
Controller will succeed Forbes as Chief Financial Officer, effective
September 1, 2018.
“It’s difficult for me to express all the positive feelings and sincere
gratitude I have for Forbes. He leaves a wonderful legacy of financial
stewardship, stellar leadership and endless contributions,” said Jabil
Chief Executive Officer Mark Mondello. “His impact over the years has
been simply outstanding and he will be missed,” added Mondello.
Michael joined Jabil in 2000 as Regional Controller, Asia Pacific and
was promoted to Controller in 2004. Since that time he has played a key
role and today his responsibilities include operational finance, tax,
and financial planning and analysis.
“Today’s announcement is the culmination of a thorough succession plan
aimed at identifying our emerging leaders. And, while we wish Forbes
well in his retirement, we’re also eager to welcome Mike into his new
role. His deep understanding of our business and proven track record
should ensure a seamless transition for our stakeholders, customers and
employees,” added Mondello.
Forbes was named Chief Financial Officer in September 2004, and during
his tenure the company added roughly $15 billion in revenue, while
expanding its global footprint from 10 million square feet to 40+
million square feet across 30 countries.
“My time at Jabil has been truly rewarding. The phenomenal growth over
the last two decades has afforded me so many opportunities to work with
talented and passionate people on the global Jabil team,” Alexander
said. “I am confident that Mike will thrive in leading Jabil’s next
decade of profitable growth,” he concluded.
About Jabil:Jabil (NYSE: JBL) is a product solutions company
providing comprehensive design, manufacturing, supply chain and product
management services. Operating from over 100 facilities in 29 countries,
Jabil delivers innovative, integrated and tailored solutions to
customers across a broad range of industries. For more information,
View source version on businesswire.com: https://www.businesswire.com/news/home/20180424006450/en/
Source: Jabil Inc.
Beth Walters, 727-803-3511
Senior Vice President,
Investor Relations & Communications
Senior Director, Investor Relations