Friday, April 20, 2018
Business

Jabil's outgoing CEO tackles a new challenge: self-discovery

After a quarter century devoted to building up a global manufacturing giant — and a dozen years as its top dog — outgoing Jabil Circuit CEO Tim Main is looking forward to a monthslong sabbatical of sorts. A period of self-discovery.

As much me-time one can have, that is, with a set of 7-year-old twins running around his household.

Main, 55, is planning a clean break. He had a hands-off style as a manager and will remain that way as CEO emeritus.

He doesn't plan to maintain an office in Jabil's headquarters; he'll be a phone call away for the new CEO, Mark Mondello, but won't be around other than for board meetings as he becomes board chairman. "I'll have to find some new friends," he laughs.

"I'm not going to have any problems letting go," he said in an interview with the Times. "My challenge will be: 'What do I do?' "

"When you're the leader of an organization, you end up intertwining your own identity with the organization and defining yourself in terms of the role you had."

In the short term, Main and his wife, Donna, will enjoy family and travel, spending more time at their summer home in Michigan. He doesn't consider himself much of a hobbyist, though he likes playing guitar and playing golf.

Longer term? That's a tougher question.

He isn't seeking quick-hit investments, witnessing how other retiring executives have been burned before. Whatever he does will likely involve manufacturing. He enjoys making things, seeing the end product of his work.

Main has a few parting words of advice for his successor: Focus on two or three priorities and trust your managers to do their jobs. And though Jabil has gravitated to a system of promoting and developing managers from within, Main cautioned that the company has to constantly look for solutions and role models outside its walls.

"We don't drink our own Kool-Aid so much that we think we have all the answers," he said.

Comments
Regulators allow major solar company to lease home equipment

Regulators allow major solar company to lease home equipment

State regulators Friday determined that one of the country’s largest residential solar companies, San Francisco-based Sunrun, is allowed to lease solar energy equipment for homes in Florida. The decision, solar energy advocates say, could open the do...
Updated: 3 hours ago
Florida unemployment at 3.9 percent for sixth straight month

Florida unemployment at 3.9 percent for sixth straight month

For the sixth month running, Florida’s unemployment rate held at a nearly 11-year low of 3.9 percent in March as steady job gains continued. While many factors kept Florida’s economy chugging along, three industries stand out for leading year-over-ye...
Updated: 3 hours ago
Owners say new house is a disaster; developer accuses them of ‘online terrorism’

Owners say new house is a disaster; developer accuses them of ‘online terrorism’

ST. PETERSBURG --- Stretched across the front of Tim and Hyun Kims’ two-year-old house is a big banner with the name of a developer and the words: "I have to fix my new house."Some of what needs fixing is instantly apparent. The front steps are too ...
Updated: 5 hours ago
Florida hits a milestone: More than 100,000 people are registered to use medical marijuana here

Florida hits a milestone: More than 100,000 people are registered to use medical marijuana here

Florida has hit a milestone of sorts as it slowly moves toward wider availability of medical marijuana.The number of patients in the state who are registered to use the substance has surpassed 100,000 for the first time, according to Florida Departme...
Updated: 6 hours ago
Q&A: Walmart leader chats about Florida stores, and the chain’s latest retail strategy

Q&A: Walmart leader chats about Florida stores, and the chain’s latest retail strategy

The Tampa Bay Times recently sat down with Walmart director of corporate communications Phillip Keene to chat about the retail giant’s latest retail strategies and how the company is winning over customers in a competitive market.Already, two of the ...
Updated: 10 hours ago
Judge: Foreclosure defense lawyer Mark Stopa violated numerous rules of conduct

Judge: Foreclosure defense lawyer Mark Stopa violated numerous rules of conduct

Tampa Bay foreclosure defense lawyer Mark Stopa has violated numerous rules of professional conduct and caused two clients to nearly lose their homes because he failed to tell them about settlement offers from their banks. In preliminary findings of ...
Updated: 10 hours ago
SunTrust warns 1.5 million clients of potential data breach

SunTrust warns 1.5 million clients of potential data breach

Associated PressNEW YORK — SunTrust Banks Inc. says accounts for 1.5 million clients could be compromised following a potential data breach. The Atlanta bank says that it became aware of the potential theft by a former employee and that the investiga...
Updated: 11 hours ago
Spring break, hurricane relief boosted Tampa Bay hotels in March

Spring break, hurricane relief boosted Tampa Bay hotels in March

The Tampa Bay area’s hotel occupancy rate rose to 87.5 percent in March, the highest level in three years. The rise was fueled by spring break vacationers as well as insurance adjusters and hurricane cleanup crews flooding the state to restore it aft...
Published: 04/20/18
Here’s your first look at what will be Riverwalk Place, Tampa’s tallest tower

Here’s your first look at what will be Riverwalk Place, Tampa’s tallest tower

TAMPA — Developers on Thursday detailed plans for what they touted as the tallest building on Florida’s west coast, with condominiums priced in six and seven figures and a shimmering glass design they say would stand out in the skylines of New York, ...
Updated: 6 hours ago
St. Petersburg police remove disabled adults from ‘deplorable’ assisted living facilities

St. Petersburg police remove disabled adults from ‘deplorable’ assisted living facilities

ST. PETERSBURG — Beef jerky, mayonnaise and Altoids mints were the only edible things in view inside one of the houses. There was no running water. The refrigerator was empty. A bed sat on top of the deteriorating living room floor. Cigarette butts b...
Published: 04/19/18
Updated: 04/20/18