On April 16, 2025, Jabil Inc. (JBL, Financial) announced a strategic expansion of its Board of Directors, increasing its size from nine to ten members. The company has appointed Ms. Sujatha Chandrasekaran to the Board, effective immediately. Her term will continue until the next annual meeting of stockholders or until her successor is duly elected and qualified.
Ms. Chandrasekaran's committee assignments are expected to be determined at the Board's next regularly scheduled meeting. The Board has confirmed that Ms. Chandrasekaran meets the independence standards set by the New York Stock Exchange and other applicable regulations.
In her new role, Ms. Chandrasekaran will receive compensation consistent with that provided to all non-employee directors, as outlined in Jabil's definitive proxy statement filed with the Securities and Exchange Commission on December 12, 2024. This compensation is subject to adjustments by the Board from time to time.
There are no arrangements or understandings between Ms. Chandrasekaran and any other persons that influenced her selection as a director. Additionally, there are no transactions involving Ms. Chandrasekaran that require disclosure under Item 404(a) of Regulation S-K.
Jabil Inc. issued a press release on April 21, 2025, to announce Ms. Chandrasekaran's appointment, highlighting the company's commitment to strengthening its leadership team.
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