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[John Pendygraft | Times (2008)]
Jabil Circuit CEO Tim Main in his office.
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Company information

Address: 10560 Dr. Martin Luther King Jr. St. N, St. Petersburg, FL 33716; (727) 577-9749; www.jabil.com

Business: Contract electronics manufacturer

Ticker symbol, market: JBL, NYSE

Market capitalization: $2.3-billion

Annual dividend: 28 cents

Top officers: Timothy L. Main, president and CEO; Mark T. Mondello, COO; Forbes I. J. Alexander, CFO

Employees: More than 85,000 worldwide

Financials
(Year ended Aug. 31, 2007)

Revenue: $12.3-billion, up 19.7 percent

Net income: $73.2-million, down 55.5 percent

Per share: 35 cents, down 54.6 percent

Return on equity: 3.1 percent

Two-year stock return: -72.1 percent

Biggest challenge: Jabil is still recovering from the allegations of a stock options scandal, although it got a clean chit from an internal investigation. Now it must ride out the tough economic times as it wraps up restructuring activities. The company issued a disappointing revenue guidance for the year, sending shares plummeting on Wall Street.

Corporate culture

Strong leadership is grown from within

Electronics manufacturer Jabil Circuit likes growing its own leaders.

Last year, the company launched a leadership program, which helps focus management on an upward career path. The program has 630 employees worldwide. Most work at the St. Petersburg headquarters.

Jabil has always had a culture of grooming its executives. CEO and president Tim Main joined the company in April 1987 as a production control manager, and quickly climbed the ranks. Prior to last year, the company had an informal leadership training program, said Audrey McGuckin, director of human resource development. The new program solidifies the company's goal to retain and train its employees, a spokeswoman said.

The program seeks to make senior managers better leaders, increase their performance and equip them with necessary skills for future roles. The company tailors its programs to individual employees. Jabil has a partnership with the Harvard Business School that allows employees to travel to Boston for a four-day, customized program, and the company sends selected employees on international assignments and hires external coaches for training.

—Madhusmita Bora, Times Staff Writer

Have a comment or story idea? E-mail the editors at biznews@sptimes.com.

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