Jabil's CEO, Kenny Wilson, has been placed on paid leave due to an internal investigation into business procedures, according to a U.S. Securities and Exchange Commission filing.

The leadership of Jabil, the biggest publicly traded corporation in Tampa Bay, has changed as a result of an internal probe. According to a recent U.S. Securities and Exchange Commission filing, CEO Kenny Wilson of the multinational electronics manufacturing company was placed on paid leave on April 15th, pending an investigation into business procedures.

The filing stated that the behavior that sparked the examination is unrelated to or unaffected by Jabil's financial records, but it did not provide any information as to why Wilson is the subject of an investigation. According to a business representative, Michael Dastoor, Jabil's Chief Financial Officer, has been designated temporary CEO with the backing of the senior leadership team.

According to the spokesman, the company's basic values are integrity, trust, and responsibility, and they're dedicated to keeping these values. In the last week, the company's shares have been down 10.73%. After working for Jabil for almost 20 years, Wilson was named CEO in November 2022. Based on SEC filings, he received about $10.23 million in salary annually last year, which puts him among the best paid executives in Tampa Bay. More than 250,000 people work for Jabil at 100 sites in 25 different countries. It brought in $34.7 billion in revenue the previous year.