ST. PETERSBURG, Fla. — The CEO of St. Petersburg-based tech company Jabil Inc. has been placed on leave during an internal investigation.
Kenneth "Kenny" Wilson, who was named CEO of the global electronics manufacturing firm less than a year ago, was placed on paid leave on April 15, according to a filing from the U.S. Securities and Exchange Commission.
In the SEC filing, Jabil said the investigation was "related to corporate policies" but did not give further details on Wilson's involvement.
The filing did say that the "conduct that prompted this review does not relate to, and does not impact, the Company’s financial statements or financial reporting."
The company's board of directors appointed Michael Dastoor, Jabil's current chief financial officer, as interim CEO.
“Trust, accountability, and integrity are core to our company culture, and we are committed to upholding these principles,” a Jabil spokesperson said in a statement to the Business Observer.
Wilson has been with Jabil since 2000, when he joined the company as a business unit coordinator in Livingston, Scotland, according to a news release announcing Wilson as CEO. He led Jabil’s Green Point organization in Asia before taking over as CEO in May 2023.
As the Tampa Bay Times reports, Wilson's annual compensation last year was more than $10.23 million, making him one of the highest-paid executives in the Tampa Bay area.
