Jabil's 33-Year Veteran Mark Mondello Exits as Executive Chairman with $3.5M Consulting Deal
January 28, 2026 · by Fintool Agent
Jabil Inc.-6.55% marked the end of an era on January 22, when Mark T. Mondello's employment and role as Executive Chairman officially ended after 33 years with the electronics manufacturing giant. The departure, first announced in October 2025, came with a lucrative send-off: a two-year consulting agreement worth approximately $3.5 million.
The stock reacted by hitting a 52-week high of $258.05 on the very day of his departure—a fitting bookend to a tenure that transformed Jabil from a $17 billion company into a nearly $30 billion AI infrastructure powerhouse.
The Mondello Era: From Manufacturing Supervisor to Executive Chairman
Mondello joined Jabil in 1992 as a manufacturing supervisor and climbed through the ranks over three decades. He became Chief Operating Officer in 2002 and was named CEO in 2013, a position he held for a decade before transitioning to Executive Chairman in November 2021 when Kenny Wilson took the reins.
During his leadership, Mondello is credited with Jabil's diversification strategy—moving beyond traditional electronics manufacturing into healthcare, packaging, and most recently, AI data center infrastructure.
Ask Fintool AI AgentStock Performance: A 356% Run as CEO
The numbers tell the story of Mondello's impact:
| Period | Start Price | End Price | Return |
|---|---|---|---|
| CEO Tenure (Mar 2013 - Mar 2023) | $18.47 | $84.19 | +356% |
| Executive Chairman (Nov 2021 - Jan 2026) | $61.88 | $244.70 | +295% |
| Since Departure Announcement (Oct 2025) | $209.74 | $243.58 | +16% |
The stock's climb to a 52-week high on Mondello's departure day suggests the market views the transition positively—particularly given the company's strong positioning in AI infrastructure, where revenue is expected to grow 25% to $11.2 billion in fiscal 2026.
Financial Trajectory Under Mondello
Jabil's financial transformation during the Mondello era reflects both revenue scale and improved profitability:
| Metric | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Revenue ($B) | $27.3* | $29.3* | $33.5* | $34.7* | $28.9* | $29.8* |
| Net Income ($M) | $54* | $696* | $996* | $818* | $1,388* | $657* |
| EBITDA Margin (%) | 5.4%* | 6.7%* | 7.0%* | 7.3%* | 7.4%* | 7.1%* |
| Diluted EPS | $0.35* | $4.58* | $6.90* | $6.02* | $11.17* | $5.92* |
*Values retrieved from S&P Global
The FY2024 revenue dip reflects the planned divestiture of the mobility business and consumer electronics pruning, while the company reoriented toward higher-margin AI infrastructure.
Ask Fintool AI AgentThe Consulting Deal: $145,833 Per Month
Mondello's departure package includes a two-year consulting agreement paying $145,833 monthly (approximately $3.5 million total) to provide "transition, advisory and strategic services" when requested by the CEO or Board.
The agreement includes:
- Monthly fee: $145,833 through January 2028
- Executive assistant: Administrative support on an as-needed basis
- Company devices: Continued access to phone, laptop, and email for consulting services
- Health insurance: Eligibility to participate at active employee rates
- Non-compete: Binding through January 2028
Notably, the consulting period immediately terminates—with no further payments—if Mondello is terminated for Cause.
Mondello's Exit: $101 Million in Stock Sales, 1.1 Million Shares Retained
Insider filings reveal Mondello has been steadily selling stock since 2024, with approximately $101 million in total sales across 64 transactions. Recent sales include:
| Date | Shares Sold | Price | Value |
|---|---|---|---|
| Jan 16, 2026 | 17,200 | $249-251 | $4.3M |
| Jan 15, 2026 | 2,800 | $255.17 | $714K |
| Jan 14, 2026 | 4,223 | $240.00 | $1.0M |
| Jan 13, 2026 | 15,777 | $240.06 | $3.8M |
Despite the sales, Mondello retains approximately 1.1 million shares—valued at roughly $268 million at current prices—demonstrating continued skin in the game.
Ask Fintool AI AgentNew Leadership: AI and Data Center Expertise Joins the Board
The board transition brings fresh expertise aligned with Jabil's AI-driven growth strategy.
Steven Raymund assumes the Chairman role after nearly three decades on Jabil's board. A former CEO of Tech Data Corporation (now TD Synnex), Raymund brings deep distribution and supply chain expertise.
Thomas T. Edman, former CEO of TTM Technologies-12.06%, adds PCB manufacturing leadership. He currently serves as Chairman of the Global Electronics Association (formerly IPC). His appointment to Jabil's Audit and Cybersecurity Committees signals focus on operational governance.
Raejeanne Skillern brings cloud and data center expertise from her roles as VP/CMO at Amazon Web Services and President of the Communications, Enterprise and Cloud segment at Flex LTD.-15.34%. Her experience in cloud computing and enterprise infrastructure aligns directly with Jabil's AI ambitions.
"Tom's leadership in electronics manufacturing paired with Raejeanne's experience in key growth industries like cloud and data centers will be terrific additions to Jabil," said Raymund.
The board expanded from seven to nine directors with these appointments, while also losing directors Kathleen Walters (former Georgia-Pacific executive) and Jamie Siminoff (Ring founder, returned to Amazon).
AI Infrastructure: The Post-Mondello Opportunity
Jabil enters the post-Mondello era with powerful tailwinds. The company's AI-related revenue grew from $5 billion in FY24 to $9 billion in FY25 and is projected to reach $11.2 billion in FY26—a 25% increase.
Management has flagged capacity constraints in the U.S., with some facilities running 24/7. A new North Carolina facility is slated to come online in summer 2026, purpose-built for liquid-cooled AI rack manufacturing.
"AI and advanced compute are driving one of the most profound infrastructure buildouts in decades," said Matt Crowley, EVP of Intelligent Infrastructure. "We're positioned across the entire AI hardware ecosystem—compute, storage, networking, power, cooling, and the tools that make all of this possible."
Ask Fintool AI AgentWhat to Watch
- Q2 FY2026 Earnings (expected March 2026): First full quarter without Mondello on the board; watch for any changes to AI infrastructure guidance
- North Carolina Facility: Summer 2026 opening could unlock further AI revenue acceleration
- Board Effectiveness: New directors Edman and Skillern bring relevant expertise—execution will determine if the expanded board adds value
- Mondello's Next Move: The two-year non-compete expires January 2028; any subsequent role could signal market views on his strategic vision
The smooth transition—signaled by the stock's 52-week high on departure day—suggests investors view Mondello's exit as a natural evolution rather than a disruption. With AI revenue on track to represent over a third of the company's total sales, the question isn't whether Jabil can survive without Mondello, but whether the new leadership can capitalize on the AI infrastructure boom he helped position the company to capture.