Jabil Announces New Senior Officers

  Jabil Announces New Senior Officers

    Seasoned Jabil Executives Named President and Chief Operating Officer

Business Wire

ST. PETERSBURG, Fla. -- January 30, 2013

The Jabil (NYSE:JBL) Board of Directors has named William E. Peters to the
position of President and William D. Muir, Jr. to Chief Operating Officer,
effective March 1, 2013. Both current officers of Jabil have been with the
company for more than 20 years.

“I am very excited about these leadership changes and proud that we have
developed such a strong internal bench of manufacturing executives. Although
we are a global manufacturing services provider, we are truly in the ‘people
business’. I believe we have the absolute best team. A team that takes
exceptional care of our people, while remaining focused on serving our
customers and shareholders,” said Mark Mondello, Jabil’s Chief Operating
Officer.

Bill Peters, Executive Vice President, since 2010, joined Jabil in 1990 as a
buyer and shortly thereafter was named Purchasing Manager. Rising rapidly
through a variety of operational posts, Peters was promoted to an officer of
the company in 1999 as Vice President, Operations. Beginning in 2004 Peters
rounded out his operational experience while serving three years as Regional
President for the Americas. In September 2007, Peters was named Senior Vice
President, Human Development. “Bill’s well-rounded experience in business,
operations and human development make him particularly well-suited to tackle
this new role of unlocking Jabil’s differentiators and cultural advantages to
drive on-going business efficiencies,” said Mondello. Prior to joining Jabil,
Peters was a financial analyst for Electronic Data Systems and holds a B.A. in
Economics from Michigan State University.

Bill Muir, Executive Vice President, since April 2010, joined Jabil in 1992 as
a Quality Engineer. Over the next nine years Muir served as Operations Manager
for four different plants in the Americas, honing his operational expertise
and utilizing his Spanish fluency to rapidly expand Jabil’s Latin American
service offering. Muir complimented his operational experience by working with
many of our largest customers during his tenure as Vice President of Global
Business Units. In 2004, Muir was promoted to Regional President for Asia and
was stationed there for three years. “I know Bill will help us take advantage
of the many wonderful opportunities that lie ahead of us as we continue to
differentiate our capabilities,” noted Mondello. Muir holds a Bachelor’s
degree in Industrial Engineering and an MBA, both from the University of
Florida.

The company also announced that Scott D. Slipy, a seasoned Human Resources
veteran, has joined Jabil as Executive Vice President, Human Resources & Human
Development. Most recently Vice President of Compensation, Benefits & M&A with
Cisco Systems, Slipy has 20 years of global human resources, business and
leadership experience with global brands like Cisco, Microsoft and Honeywell.
"We are fortunate to have Scott's talent stewarding our HR and HD efforts as
we move the company forward," said Mondello. With extensive international
experience, Slipy is fluent in Mandarin and Spanish; and holds a Bachelor’s
degree in Psychology and a Master’s degree in Human Resources, both from the
University of Minnesota.

As previously announced, current Chief Operating Officer Mark T. Mondello,
will assume the Chief Executive Officer role, effective March 1, 2013.
Mondello was recently elected to the board of directors at the company’s
annual meting of shareholders on January 24, 2013. Mondello, succeeds Timothy
L. Main, Jabil’s current President and CEO. Main was elected Chairman of the
Board at the company’s same January meeting of shareholders.

About Jabil

Jabil is an electronic product solutions company providing comprehensive
electronics design, manufacturing and aftermarket product management services
to global electronics and technology companies. Offering complete product
supply chain management from facilities in 29 countries, Jabil provides
comprehensive, individualized-focused solutions to customers in a broad range
of industries. Jabil common stock is traded on the New York Stock Exchange
under the symbol, “JBL”. Further information is available on Jabil’s website:
jabil.com.

This news release contains forward-looking statements, including those
regarding our focus on serving our customers and stockholders, the unlocking
of Jabil’s differentiators and cultural advantages to drive on-going business
efficiencies, the opportunities that lie ahead of us as we continue to
differentiate our capabilities and our attempts to move the company forward.
These statements are based on current expectations, forecasts and assumptions
involving risks and uncertainties that could cause actual outcomes to differ
materially. These risks and uncertainties include, but are not limited to:
fluctuations in operating results and generation of cash flow; changes in
technology; competition; anticipated growth for us and our industry that may
not occur; managing rapid growth; managing any rapid declines in customer
demand that may occur; our ability to successfully consummate acquisitions;
managing the integration of businesses we acquire; risks associated with
international sales and operations; retaining key personnel; our dependence on
a limited number of customers; business and competitive factors generally
affecting the electronic manufacturing services industry, our customers and
our business; other factors that we may not have currently identified or
quantified; and other risks, relevant factors and uncertainties identified in
our Annual Report on Form 10-K for the fiscal year ended August31, 2012,
subsequent Reports on Form 10-Q and Form 8-K and our other securities filings.
Jabil disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

Contact:

Jabil Circuit, Inc.
Investor & Media Contact:
Beth Walters, 727-803-3349
Senior Vice President, Communications and Investor Relations
beth_walters@jabil.com
 
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