Jabil announces board changes as three directors to depart in 2026

ST. PETERSBURG, Fla. - Jabil Inc. (NYSE:JBL), a $22.5 billion manufacturing solutions provider that has delivered impressive returns of over 67% in the past year, announced Thursday that three members of its Board of Directors, including Executive Chairman Mark T. Mondello, will not seek re-election at the company’s Annual Meeting of Stockholders in January 2026. According to InvestingPro data, the company maintains a strong financial health score, reflecting robust operational performance.

Alongside Mondello, directors Kathleen A. Walters and Jamie Siminoff will also depart the board. All three will continue to serve until the January 2026 meeting.

Mondello’s departure will conclude 12 years of board service and a 33-year career with the manufacturing solutions provider, including 10 years as CEO from 2013 to 2023. During his leadership, Mondello played a key role in diversifying Jabil’s portfolio and expanding its global presence.

Walters, who initially served as an independent director from 2005 to 2011 before rejoining in 2019, previously held executive positions at Georgia-Pacific Corp., where she served as executive vice president and group president of the consumer products group until her retirement in June 2019.

Siminoff, who joined Jabil’s board earlier this year, is departing following his return to a full-time position at Amazon as vice president of product at Ring, the company he founded that was acquired by Amazon in 2018.

Lead Director Steve Raymund is expected to assume the role of chairman following Mondello’s departure.

"I am honored to be considered for this role," Raymund said, according to the company’s press release. "On behalf of the entire board, I want to express our deep appreciation to Mark, Kathy, and Jamie for their service and dedication to Jabil."

Jabil provides engineering, manufacturing, and supply chain solutions across various industries through its network of over 100 sites worldwide. With annual revenue of $29.8 billion and strong analyst support, the company continues to expand its global presence. InvestingPro subscribers can access 13 additional key insights and a comprehensive Pro Research Report, offering deep-dive analysis of Jabil’s market position and growth potential.

In other recent news, Jabil reported its fiscal fourth-quarter 2025 earnings, which exceeded analysts’ expectations. The company achieved earnings per share of $3.29, surpassing the forecasted $2.90, and reported revenue of $8.3 billion, which was higher than the anticipated $7.55 billion. Despite these strong financial results, UBS maintained a Neutral rating on Jabil, with a price target of $230.00. In contrast, Stifel reiterated its Buy rating, setting a price target of $245.00, citing strength in AI infrastructure.

Additionally, Jabil announced a collaboration with Axiado Corporation to develop AI-driven cybersecurity solutions for server platforms. This partnership was highlighted at the ongoing OCP Global Summit, where Jabil showcased an AMD EPYC "Turin"-based 2U platform server integrated with Axiado’s Secure Control Module. These developments reflect Jabil’s continued focus on innovation and strategic partnerships.

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