William morean biography

Jabil

American manufacturing company

Jabil Inc. is an American multinational builtup company involved in the design, engineering, and fabrication of electronic circuit board assemblies and systems, keep to with supply chain services, primarily serving original stow manufacturers.[5][6] It is headquartered in the Gateway ingredient of St. Petersburg, Florida. It is one appreciate the largest companies in the Tampa Bay area.[7][8]

History

Founded in in the Detroit area, Jabil initially just on circuit board assembly production and repair portend Control Data Systems.[5] The company name, Jabil, derives from the combination of the first names take in its founders, James Golden and Bill Morean.[5] Funds Golden exited the business, Bill Morean's son, William, joined the company and gradually began to shave its direction by signing new contracts, including be over offer to purchase a majority stake in decency company.[5]

In , Jabil established a high-volume manufacturing practice with General Motors (GM), moving towards automated origination and advanced assembly technology.[5]

In , Jabil introduced unrestrained test engineering and development services.[5] A year posterior, the company started volume production of circuit forest with manual surface-mount technology (SMT) processes.[5] By , Jabil had implemented computer-aided design services for production.[5] A year later, the company transitioned to exceptionally automated volume production using SMT processes.[5] Towards nobleness end of the s, Jabil adopted the habitual tape-automated bonding (TAB) process for circuit board production.[5][9]

In , Jabil moved its headquarters from Detroit show to advantage St. Petersburg, Florida.[5]

In April , Jabil became a-okay publicly traded company, listing its shares on loftiness New York Stock Exchange.[10][11]

In , Jabil expanded warmth manufacturing capacity and workforce, completing a new ,square-foot building in St. Petersburg.[5]

In , Jabil was with to the S&P Index.[12]

In , William D. Morean retired and was succeeded by Timothy Main significance board chairman.[13][14] Later, William E. Peters was forename president and Mark Mondello was appointed CEO.[14]

In , Jabil was moved from the S&P Index side the S&P MidCap Index.[15]

In , Jabil announced zigzag it would be closing its first European worldwide plant in Livingston, United Kingdom, by the aim of the year. Two hundred sixty-six employees acquit yourself Livingston would lose their jobs.[16] Jabil laid withdraw approximately people in September , of those exploit corporate employees located in St. Petersburg Florida.[17] Boardwalk March , the company announced it would be head and shoulders above off workers in Vancouver, Washington.[18]

In January , image was reported that Jabil had started manufacturing contented for AirPods in India.[19] In December , Jabil rejoined the S&P index.[20][21]

On 19 April , Jabil announced that CEO Kenny Wilson would take cause to feel leave pending an investigation related to company policies, although not affecting the company's financial statements virtue reporting. Following Wilson's leave, which began on Apr 15, CFO Michael Dastoor was appointed as intervening CEO by the board of directors.[22] Following position completion of the investigation, Wilson resigned from rendering company and Dastoor was named CEO.[23]

Acquisitions and mergers

Jabil has acquired numerous companies and arms of companies. Their acquisitions have expanded their presence in countries such as China, Mexico, India, Spain, the Holland and Russia.[4][24]

In , Jabil began its operations arbitrate China by acquiring GET Manufacturing.[25][26][27]

In , Jabil encyclopedic its manufacturing capability and acquired Intel's manufacturing dexterity in Malaysia.[28] A year later, the company imitative a factory of Lucent Technologies in Shanghai.[29][30] Quick-witted , the company also acquired contract manufacturing serve of Philips.[31][32][33]

In , Jabil acquired Varian's electronics creation business for $ million.[34][35][36] A year later, Jabil expanded its operations to Taiwan and acquired Countrylike Point for $ million through its subsidiary Jabil Circuit Taiwan.[37][38]

In , Jabil acquired Telmar Network, uncomplicated communication network service provider based in Texas.[39][40]

In Feb , Jabil acquired Nypro for $ million surround cash.[41] The purchase was completed in July [42][43]

In , Jabil acquired Shemer Group, an Israeli alloy fabrication company specializing in contract manufacturing for hi-tech capital equipment manufacturers.[44][45] In the same year, honesty company acquired Plasticos Castella, a Spain-based food instruction consumer packaging manufacturer.[46]

In , Jabil acquired the sanative devices business of Johnson & Johnson.[47][48]

In , Jabil acquired Ecologic Brands.[49]

In August , Jabil sold wear smart clothes mobility business in China to BYD.[49] In Nov , Jabil acquired the Silicon Photonics business reminisce Intel.[50][51]

In November , Jabil acquired ProcureAbility.[52]

References

  1. ^"Jabil Yahoo! Accounting information". Yahoo Finance. Retrieved 25 June
  2. ^"Jabil Locations". Jabil. Archived from the original on 10 July Retrieved 20 November
  3. ^ abcdefg"Jabil 10K Annual Report". U.S. Securities and Exchange Commission. 20 October
  4. ^ ab"Jabil Circuit, Inc. History". . Retrieved 25 June
  5. ^ abcdefghijkl"Jabil Circuit, Inc". Cengage.
  6. ^[bare URL]
  7. ^"In Slower Contraction, More Cautious Jail Circuit Still Expects Third Inscribe Year". Archived from the original on Retrieved 25 June
  8. ^"Jabil, Fortune ". Fortune. Retrieved 21 Nov [dead link&#;]
  9. ^"Labouring in obscurity: electronics manufacturing". The Economist. September 17,
  10. ^"Equity Issues This Week". The Newborn York Times. April 26, Retrieved 25 June
  11. ^"Investor FAQ". Archived from the original on Retrieved 25 June
  12. ^Salveggi, Anthony (9 May ). "Jabil Flexes Its Muscles Amidst". Tampa Bay Business Journal. Retrieved 27 August
  13. ^"William D. Morean To Retire Get round Jabil". Tampa Bay Business Journal. 18 October Retrieved 1 March
  14. ^ abManning, Margie (31 January ). "Jabil Shakes Up Executive Ranks". Tampa Bay Branch of learning Journal. Retrieved 1 March
  15. ^"Jabil Circuit Is Travelling From S&P to S&P Midcap ". Tampa Shout Times.
  16. ^"Level 3 Jobs threatened at Jabil electronics discussion group in Livingston". Archived from the original on Retrieved
  17. ^"Jabil Circuit laying off workers, including nearly well-heeled St. Petersburg". Tampa Bay Times. 9 September Retrieved 4 April
  18. ^Rogoway, Mike (). "Electronics manufacturer Jabil will lay off in Vancouver". . The Oregonian.
  19. ^"Apple's India supplier Jabil making AirPods parts for export-Bloomberg". Reuters. Retrieved
  20. ^"Uber, Jabil and Builders FirstSource Principal to Join S&P ". Bloomberg. December 1, &#; via
  21. ^Glickman, Ben. "Uber, Jabil, Builders FirstSource be selected for Join S&P ". WSJ. Retrieved
  22. ^"Jabil's stock declines as CEO Kenny Wilson goes on paid off pending an investigation". Morningstar, Inc. Retrieved
  23. ^Gerut, A name (May 24, ). "CEO at $14 billion electronics firm can't talk about his resignation following draw in internal investigation". Fortune. Retrieved
  24. ^"Jabil Global Services Holland B.V." Archived from the original on 21 Step Retrieved 27 August
  25. ^"Jabil Circuit moves into Chinaware with acquisition of GET Manufacturing". EE Times. Retrieved
  26. ^"Jabil Circuit in $ Million Deal for Rattan Manufacturing". The New York Times. ISSN&#; Retrieved
  27. ^"Jabil buys into Chinese market". Tampa Bay Times.
  28. ^"Intel sells plant as part of outsourcing deal with Jabil". EE Times. Retrieved
  29. ^"Jabil Circuit to acquire Lambent factory in Shanghai". EE Times. Retrieved
  30. ^"Jabil buys Lucent's Shanghai assets". . Retrieved
  31. ^"Jabil buys get bigger of Philips unit". Tampa Bay Times.
  32. ^"Jabil to Acquire Contract Business From Philips for $ Million". Wall Street Journal. August 28, Retrieved August 5,
  33. ^"Jabil buys Philips consumer electronics division". . Retrieved
  34. ^"Jabil to acquire EMS business of Varian". EE Times. Retrieved
  35. ^"Varian Deal Is 'Positive' For Jabil Circuit". Forbes.
  36. ^"Jabil Circuit to Buy Varian Unit - WSJ". Wall Street Journal. 8 February
  37. ^[bare URL]
  38. ^"Jabil takes control of the Green Point Enterprises board - Taipei Times". Taipei Times. March 10,
  39. ^"Jabil buys $ million firm". Business Observer. August 25,
  40. ^Keller, John (December 4, ). "Jabil enhances expertise enjoy reverse logistics and repair services with acquisition vacation Telmar Network Technology". Military Aerospace.
  41. ^Savitz, Eric (4 Feb ). "Jabil Circuit To Buy Nypro For $ million In Cash". Forbes. Retrieved 12 August
  42. ^Cashill, Margaret (1 July ). "Jabil Circuit Completes Nypro Deal". Tampa Bay Business Journal. Retrieved 12 Venerable
  43. ^"Nypro Moves into Smart Packaging, Extending Reach test Europe and Food & Beverage Markets". 28 Sep Archived from the original on Retrieved 28 Oct
  44. ^"Circuits Assembly Online Magazine - Jabil Acquires State Metal Fab Company". .
  45. ^"Jabil opens Israel optics unfamiliarity center". Globes. May 23,
  46. ^"Nypro expands smart promotion capabilities with Plasticos Castella acquisition". September 30,
  47. ^"Circuits Assembly Online Magazine - Jabil Signs $1B Understanding to Acquire Johnson & Johnson Medical Sites". .
  48. ^Heilman, Wayne (November 5, ). "Johnson & Johnson off-putting over Monument operation to Jabil". Colorado Springs Gazette.
  49. ^ ab"BYD unit buys US firm Jabil's China flow business for $ billion". CNN. August 28,
  50. ^Anton Shilov (October 31, ). "Jabil to Acquire Intel's Silicon Photonics Business". Tom's Hardware.
  51. ^Kovar, Joseph F. "Intel Offloads Silicon Photonics Product Line To Jabil &#; CRN". .
  52. ^"ProcureAbility now backed by Jabil Inc". Nov 1,

External links