05.21.24
Jabil Inc. announced a number of senior leadership transitions that are effective immediately.
Michael Dastoor, who has been serving as CFO and interim CEO, has been appointed CEO. He succeeds Kenneth Wilson, who will no longer serve as CEO or on Jabil’s Board of Directors.
Gregory Hebard, most recently SVP, treasurer, has been appointed CFO. 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.
“I have worked side-by-side with Mike for many years,” Mark Mondello, executive chairman of Jabil’s Board, said. “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 EVP, operations, replacing JJ Creadon. McCoy was most recently EVP, Global Business Units.
• Steve Borges has returned to his role under the title of EVP, Global Business Units, following a previously announced retirement.
• Matt Crowley has been appointed EVP, Global Business Units. He was most recently SVP, global business units.
• Andy Priestley has been appointed EVP, Global Business Units. He was most recently SVP, global business units.
Dastoor has served as the company’s CFO since 2018. Over his 24-year tenure at Jabil, he has held multiple leadership roles across Jabil’s global markets since joining in 2000, including serving as SVP, controller from 2010 to 2018.
Hebard has served as SVP, treasurer since 2021. He joined Jabil in 2009 and has held roles of increasing responsibility in the Finance function, including as VP and then SVP, CFO Green Point from 2017 to 2021 and previously as VP, financial planning & analysis from 2013 to 2017.
McCoy has served as EVP, global business units since 2023. He joined Jabil in 2001 and has held positions of increasing responsibility across the company over the past two decades, including serving as EVP and CEO, Electronics Manufacturing Services from 2021 and as SVP, global business units from 2017.
Borges was named EVP and CEO, Diversified Manufacturing Services in 2022. Borges joined Jabil in 1993 and has global experience in positions of increasing responsibility across the company. He served as EVP, CEO, Regulated Industries from 2020, with additional responsibility for additive manufacturing. He previously served as EVP, CEO Healthcare, from 2015.
Crowley has been SVP, Global Business Units since 2022. He joined Jabil in 2018 and previously served as VP, Global Business Units from 2019 and as senior director, Cloud from 2018. Before joining Jabil, Crowley held positions with Dell and Amazon Web Services.
Priestley has been SVP, Global Business Units since 2014. He joined Jabil in 1996 and has held positions of increasing responsibility across the company, including as VP, Global Business Units from 2012.
Michael Dastoor, who has been serving as CFO and interim CEO, has been appointed CEO. He succeeds Kenneth Wilson, who will no longer serve as CEO or on Jabil’s Board of Directors.
Gregory Hebard, most recently SVP, treasurer, has been appointed CFO. 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.
“I have worked side-by-side with Mike for many years,” Mark Mondello, executive chairman of Jabil’s Board, said. “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 EVP, operations, replacing JJ Creadon. McCoy was most recently EVP, Global Business Units.
• Steve Borges has returned to his role under the title of EVP, Global Business Units, following a previously announced retirement.
• Matt Crowley has been appointed EVP, Global Business Units. He was most recently SVP, global business units.
• Andy Priestley has been appointed EVP, Global Business Units. He was most recently SVP, global business units.
Dastoor has served as the company’s CFO since 2018. Over his 24-year tenure at Jabil, he has held multiple leadership roles across Jabil’s global markets since joining in 2000, including serving as SVP, controller from 2010 to 2018.
Hebard has served as SVP, treasurer since 2021. He joined Jabil in 2009 and has held roles of increasing responsibility in the Finance function, including as VP and then SVP, CFO Green Point from 2017 to 2021 and previously as VP, financial planning & analysis from 2013 to 2017.
McCoy has served as EVP, global business units since 2023. He joined Jabil in 2001 and has held positions of increasing responsibility across the company over the past two decades, including serving as EVP and CEO, Electronics Manufacturing Services from 2021 and as SVP, global business units from 2017.
Borges was named EVP and CEO, Diversified Manufacturing Services in 2022. Borges joined Jabil in 1993 and has global experience in positions of increasing responsibility across the company. He served as EVP, CEO, Regulated Industries from 2020, with additional responsibility for additive manufacturing. He previously served as EVP, CEO Healthcare, from 2015.
Crowley has been SVP, Global Business Units since 2022. He joined Jabil in 2018 and previously served as VP, Global Business Units from 2019 and as senior director, Cloud from 2018. Before joining Jabil, Crowley held positions with Dell and Amazon Web Services.
Priestley has been SVP, Global Business Units since 2014. He joined Jabil in 1996 and has held positions of increasing responsibility across the company, including as VP, Global Business Units from 2012.