The Road to Palm Springs
William “Bill” Morean
Chairman
Timothy L. Main
CEO
Jabil
Revenues for 2012 projected at $17 billion … 27 countries … 60 sites … and exceptional growth year after year. This is the profile of Jabil, a company Jim Cramer of MSNBC’s Mad Money program recently called “one of the greatest performing stocks of our era ... that you’ve never heard of.”
The story of Jabil begins in Chairman Bill Morean’s garage, where his father created the electronic product solutions company in 1966. About 10 years later, Bill was lured home from adventures in Alaska by the prospect of a majority stake in the business. He knew that the electronics business was in its infancy, so he set about positioning Jabil to be ahead of the curve.
By the time he handed the business off to Timothy Main in 2000, Bill had taken the company public, expanded internationally and signed exclusive contracts with the likes of IBM and GE. Tim’s focus was keeping Jabil on the technological cutting edge while continuing to expand — no small feat for an already massive company.
Tim joined Jabil 25 years ago as a production control manager and quickly rose through the ranks, from operations to business development to vice president in only 5 years. During his long tenure, Tim has earned the respect of Jabil employees, his management team and his industry peers. He is known for his steady hand during trying times and his intense desire to win.
Under Tim’s watch these last 12 years, Jabil weathered one of the country’s worst economic downturns in history and emerged a stronger, more diversified company that has even increased growth. Beyond his peers, Tim has earned the respect of the electronics industry as of the most influential executives in manufacturing.
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