Next generation management team emerging at global manufacturer Jabil Circuit
Over the past two years, Jabil Circuit shares have wavered but recently have withstood industry chatter that its ties as a supplier to a slowing Apple may hurt prospects.
Wake up and good morning. Management changes at St. Petersburg-based global electronics manufacturer Jabil Circuit keep coming in waves. First came the naming of COO Mark Mondello to succeed Tim Main (photos, right) as CEO. Then Jabil chairman Bill Morean, son of the company co-founder, was honored at the annual shareholder's meeting as he retired this month. The company named its headquarters after Morean.
Why do we care? Because Jabil is a rare regional commodity -- a worldwide electronics designer and manufacturer -- that plays in a super-complex, super-competitive industry. Its market value of $3.8 billion makes it one of Tampa Bay's most valuable public corporations.
Now come two appointments that indicate who will part of a new team coming together around Mondello, who officially becomes CEO in March. On Wednesday, Jabil named William E. Peters as president. He formerly served as executive vice president, having originally joined Jabil as a buyer in 1990. The company also named William D. Muir as chief operating officer, taking the spot vacated by CEO Mondello. Muir joined Jabil as a quality engineer in 1992.
Scott D. Slipy, recruited from Cisco, also was named HR and Human Development executive vice president -- no small job for a firm with close to 140,000 employees spread across the globe. Here is Jabil's press release on the new appointments.
-- Robert Trigaux, Business Columnist, Tampa Bay Times