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Jabil COO Mondello to become CEO

Jabil promotes COO Mondello to chief executive

Jabil Circuit Inc. is promoting its chief operating officer, Mark Mondello, to CEO, and its current chief executive is set to become chairman.

CEO Timothy Main, who has led the electric parts maker for 12 years, will step down in March as Mondello takes over. Jabil's board says it anticipates that Main will be named chairman at the company's annual shareholders meeting in January.

Mondello, who has worked at the St. Petersburg company for 20 years, also will stand for election to the board.

The board's current chairman, William Morean, is retiring and will not stand for re-election to the board.

Jabil COO Mondello to become CEO 10/18/12 [Last modified: Thursday, October 18, 2012 10:26pm]
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