Jabil EVP & CEO of EMS to retire Nov 2022; separation agreement totals $1.4M

JABIL INC

Michael J. Loparco, EVP & CEO of EMS, will retire effective November 30, 2022.
Separation agreement includes $700K severance plus $700K FY22 target cash incentive.
COBRA medical subsidy for up to 18 months provided.
Two-year non-compete, non-solicitation, and non-disparagement obligations apply.
No successor announced; Loparco to assist with transition starting March 2022.

item 5.02 item 9.01

Executive movements

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Departed

Michael J. Loparco

Executive Vice President and CEO Electronic Manufacturing Services

JBL · JABIL INC

Effective: 2022-11-30
Filed: December 9, 2021, 6:59 PM ET

Mr. Michael J. Loparco, Executive Vice President and CEO Electronic Manufacturing Services of Jabil Inc. (“Jabil”) will retire effective November 30, 2022

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael J. Loparco departed as Executive Vice President and CEO Electronic Manufacturing Services at JABIL INC.

Action: retire
Role: Executive Vice President and CEO Electronic Manufacturing Services

Exact text from the filing

Mr. Michael J. Loparco, Executive Vice President and CEO Electronic Manufacturing Services of Jabil Inc. (“Jabil”) will retire effective November 30, 2022

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JABIL INC filing history →

Source: SEC EDGAR

accession 0001193125-21-352639

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