Jabil CEO has new place to call home
By SCOTT BARANCIK
Published June 26, 2006
Thousands of Jabil Circuit Inc. factory workers may lose their jobs soon under a cost-cutting plan disclosed last week.
Maybe some of them can bunk at CEO Tim Main's new house.
Main paid $5.3-million in March for an 8,000-square-foot, waterfront home on St. Petersburg's Snell Isle, a block from the Brightwaters Boulevard house he sold for $2.6-million in August. A sales brochure for the Mediterranean-style mansion says it features six bedrooms, six-and-a-half baths, a pool house and guest house, a third-floor "dolphin watch" tower, a butler's kitchen separate from the main one, a "master retreat" with a 37-foot porch overlooking the bay, and a media room with sound-proof flooring, stadium seating and a 125-inch high-definition screen. Custom details include antique European light fixtures, Australian cypress and Italian marble floors and plaster walls.
Public records show Main, 48, got a $4.2-million mortgage the same day and suggest the house may not have been his first choice.
Last year, Main and his wife bought a vacant lot on Brightwaters, took out a multimillion-dollar mortgage and notified county officials they were going to build a house on the site. But in March the couple bought the mansion described above, and two months later they sold the vacant lot - for a nifty $300,000 more than they paid former Digital Lightwave CEO Gerry Chastelet for it in 2005.
Main did not respond to a request for comment.