Stephen as always I appreciate your time and candid, open answers. Throughputs flagship software product, BluestreakT, is the culmination of Mr. Wenzels 20+ years of partnering with Heat Treating leaders, to provide software solutions that tackle the industrys most pressing business challenges.. The two vessels will be online by the end of 2022. Since 2016 Victor has been Heat Treat Engineering Manager at Caterpillar in Monterrey, Mexico-Caterpillar is probably the largest in house heat treater in all of North America. He is one of only two individuals on our list based outside of North America. Dan Herring, who is most well known as The Heat Treat Doctor, has been in the industry for over 45 years. Bodycote is a UK registered company and is listed on the London Stock Exchange. Gary will try anything if it results in a win/win for AHT and the customer. Unfortunately, there is not a great deal of demand for vacuum carburizing today outside of the automotive OEMs and the equipment cost is very high.. In retrospect was this a good decision? We require a specific rate of return that depends on the risk. 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William Bill Andreski, President MetConsult LLC. Our margins run at about 19% these days as an average across the business, whereas back in 2008, before the great recession, they peaked at around 13%. Replacement of a molybdenum furnace will cost you well over $1 million for a large HIP and, unfortunately, unlike vacuum furnaces they fail quite regularly. Those decisions included hiring the best people both from in the industry and outside for the right positions, ensuring that we were extremely responsive to customers needs, that wherever possible we operated on a 24/7 basis in our plants and that what we were offering the customers was the right fit for both them and Bodycote. The Carolina Commercial acquisition raised a few eyebrows at the time due to the relatively high sale price. This is done by our M&A team, which includes Mario Ciampini who many of your readers know well., Investing in a furnace comes under our capital investment rules. ION HEAT is a manufacturer of plasma nitriding equipment (in addition to other technologies) and since he introduced his products into North America a number of years back he has made a real name for himself in the field of nitriding. Stephen Harris - Group Chief Executive Appointed: November 2008 and Chief Executive from January 2009 Past roles: Spent his early career in engineering with Courtaulds plc and then moved to the USA to join APV Inc from 1984 until 1995, where he held several senior management positions. The company was incorporated in 1995, floated on the Alternative Investment Market in 1996, and listed on the London Stock Exchange in November 1998. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. Past roles: Began her career at Unilever before moving to Lloyds Bank. Id like to recognize my teammate, Dr. Edward Rolinski, for his impact on the heat treat industry, in particular Plasma Nitriding and Nitrocarburizing processes. There are no executives at Bodycote Plc getting paid more. Geoffrey Somary, CEO Ipsen Group. Our timing was fortunate in that Stephen was in Atlanta, Georgia with the Bodycote team reviewing their very recent acquisition of Carolina Commercial. The company was founded under the name London Industrial in 1987 as a vehicle for the disposal of the commercial property assets of the defunct Greater London Council. Non-Executive Director and Chair of the Audit Committee of Polypipe Group plc from 22 September 2020. Stephen Harris, Group Chief Executive, and Dominique Yates, Chief Financial Officer, introduce Bodycote, our strategy, and business model Accounts. While my job history is varied it would be best described as a General Industrial Background. Given the opportunity again I would have still tried to acquire Carolina Commercial, but we would have approached it differently, paying less and going into turnaround mode straight away.. Highlights. Stephen Harris, Bodycote Group chief executive, said, "We are very pleased to announce the opening of another new facility in the USA, this time in Syracuse, New York. Most of the new entrants are going in at the small end, targeting additive manufacturing. Jim has been in the industry for over 15 years and has made a real name for himself, especially when it comes to CQI-9 and Nadcap. Furthermore, we segregate high volume plants from lower volume/high flexibility plants. On a more personal note very much to his credit he shares a passion for boating, a passion shared at The Monty. While he still has an involvement in commercial heat treating he makes our list today for his efforts in developing one of the more advanced Ion Nitriding systems in the world. In 2006 he took on the role of Group Finance Director with Royal Mail Holdings plc leaving in 2010. Stephen C. Harris serves as Group Chief Executive, Executive Director of the Company. This long winded question all leads up to this; what do you see in the future? Qualifications: Graduated with a BSc in Mathematics from Concordia University, Montreal followed by an MBA from INSEAD, Fontainebleau. This would include long working stints in the Chicago area and Buffalo, in several cases running the North American operations of UK companies. It is no surprise to us that the individual voted as the Most Influential in the North American Heat Treating Industry is Mr. Stephen Harris, the CEO of commercial heat treating giant Bodycote. We would have beenvery surprisedif Mario Ciampini of Bodycote didnt make our list and he is the third member of the Bodycote Team to do so. More than 25 Years of experience in the instrumentation and maintenance of thermal equipment. The Metal Improvement plants were divided up between our Aerospace, Defence and Energy business, run by Mr. Tracy Glende, and our Automotive and General Industrial business (North America/Asia) where Mr. Dan McCurdy is President. The facility investment is part of Bodycote's strategy for further expansion in the USA. Stephen Harris, Bodycote Group chief executive, commented: "We are very pleased to announce the opening of another new facility in the USA, this time in Syracuse, New York. His son Robert was also nominated for this list. Ben Rassieur, President at Paulo Products Company. He has also been very active in helping to grow United Process Controls into one of the largest furnace controls companies in the world. Past roles Held various senior positions in Imperial Tobacco Group plc followed by Chief Financial Officer positions at Symrise AG, LM Windpower and most recently at Regus plc from 2011 to 2015. If it doesnt it can take a very long time. We have traced heat treating back to 800 BC which means nothing is new in the industry and yet on the other side of the coin it is not a particularly mature industry in that there remains a lot that can be improved upon and modernized. Bluewater is one of the largest commercial heat treaters in North America with a total of 12 locations around the USA. Dans North American Automotive and General Industrial (AGI) business now reports to Tom Gibbons. He isknown asa very hardworker and a real innovator when it comes to high temperature components for heat treatment processes. Roger uses his over 45 years of knowledge in the industry by serving in various roles, including terms as president in both the ASM International Heat Treating Society and Metal Treating Institute (MTI). I am tremendously proud of all of our people but if pushed I would suggest our two Elder Statesmen. Bodycote's key executives include Stephen Harris and 8 others. Karl-Michaels knowledge of heat treating and his friendly manners have long made him a favored speaker at heat treating events around the world. Dennis has been a part of the North American Heat Treat industry for over 20 years. CEO of Linpac Group and Klckner Pentaplast Group from 2015 to 2019 and CEO of Fiberweb plc from 2006 to 2013. Family Name Given Names Birth Death Age Details Cemetery Row, Plot; Crain: Irvine (Irwin) 1802? While most of our questions focus mainly on heat treating we should also talk about your Hot Isostatic Pressing division. Stephen Harris Group Chief Executive Dominique Yates Chief Financial Officer Ute Ball Group Company Secretary Ian Duncan Senior Independent Director Eva Lindqvist Non-Executive Director Retired from Bunzl plc on 31 December 2018. He has been a co-author of over 100 papers and presentations on the induction heating technique, co-authored a chapter in the Handbook of Metallurgical Process Design, and two articles in the recently released ASM Handbook Volume 4C. Today we have about 5,700 employees with sales of 728 million compared with over 7,500 employees and sales of 551 million back then., A key focus has been improving operations. 12. The company also provides surface technologies, which are used to prolong the working life of components and protect from environmental factors, such as corrosion and abrasion. 1. If customer service falls at a facility, profits soon follow., In addition to hiring great people, a lot of capital investment has been required to enhance the plants. In 2017, McLaughlin purchasedVesco a vacuum service company based in East Windsor, Connecticut, thatopened in 1983. Bodycote upgraded our capabilities with the Elgin operations to ensure delivery of the best possible efficiency and geographical network to serve customers from the agricultural, mining, construction, automotive, and various other manufacturing supply chains in the region. There is a great deal of recognition. I think this is sensible as the risks are lower and that market is growing at a reasonable rate.. With the largest HIP operational capacity in the world, our continued investment demonstrates Bodycote's commitment to align resources to serve our . Over the years he has worked with 3 of the largest controlscompanies in North America and for the past 14 he has been with SSi, thepast couple as Vice President of Sales. Roger Joneshas a passion for heat treating that is in his blood. In this way we can limit the number of technologies in any one plant but are still able to provide all the technologies that a customer may need in any area. As we approach a defining era of space, access to space mobility technologies has to be a necessary part of every exhibition." Space Bodycote plc was founded in 1923 and is headquartered in Macclesfield, the United Kingdom. The Bodycote Executive Team is rated a "C" and led by CEO Stephen Harris. Plasma nitriding technology has typically come from Europe but Andres has shown that technology from the Americas can compete with anything on the market. And the man in charge of these heat treats? Some heat treating companies are very successful by stressing a particular process but at Bodycote we are open to consider any process as long as it is the best fit for the customer.. In many instances we decided replacement was a better option. External roles: Non-Executive Director of EMIS Group since 2014 and Chair of the Audit Committee since 2019. (solarmfg.com), Aymeric Goldsteinas, Product Development Manager, Ipsen, Rockford, Illinois. Stephen Harris Group Chief Executive Locations. A large investment in Asia means less investment for plants in the US (and new heat equipment is a large investment) which translates into more outsourcing in North America which is of course a good thing for us.. Bodycote is a public company that has been in the industry for 99 years. Non-executive director of Kinnevik AB, BIMA Mobile, Tele 2 AB and Bayport Financial Services. Certainly we at The Monty would agree that Bill deserves to be on this list. With the two companies Jeff is now able to offer vacuumfurnaces, atmosphere furnaces, carbottoms and nitriding systems. Both Metal Improvement and Carolina Commercial are profitable, well run companies so we do not plan on any major changes although we are making new investments in these facilities. In addition I can say that Stephen is a very competent fellow (we would have been surprised if he was not) and remarkably easy to speak with. Mario is a true gentlemen and we are proud to count him as a friend. He has been a key member of the team for many years. Bloomberg Daybreak Asia. We are a large company and have a very sound financial basis. The company operates through Aerospace, Defence & Energy; and Automotive & General Industrial segments. He has become the go to guy for multiple companies. Copyright 2023 | TheMonty.com | All rights reserved. In fact, it is quite rare for us to take over a captive. Bill has been with the company for 48 years and during his time with Gasbarre it has grown into one of the larger furnace builders in North America.. Carlos Torres, President, MATTSA. However (and there is always a however) I have heard many times over the years that the company is so large that it makes it difficult to compete with smaller more nimble heat treaters. At Bodycote, Stephen Harris has 13 colleagues including Eva Lindqvist (Director), Ian Duncan (Director) Homonyms. History suggests that this is a very risky move. Oerlikon Ranks 1st in Product Quality Score. Requests for large mesh belts with salt quench somehow never seem to get answered!. Mr. Stephen Harris, CEO, Bodycote Plc. We avoid continuous processes such as mesh belts and pushers, once again due to limited flexibility and poor carbon footprint. I was approached by Bodycote in 2008 to replace the outgoing CEO, Mr. John Hubbard with whom I have since had a long and enjoyable working relationship. One of our favorite questions when doing an interview is to ask how each individual got involved in heat treating. https://www.can-eng.com/, Bill Jones, Solar Atmospheres/Solar Manufacturing. Keeping things simple is by far the best approach. The international leader in thermal processing focused on servicing the specific needs of a diverse client base, from the regional demands of the automotive and general industrial markets to the global network essential to meeting the needs of our aerospace, defence and energy customers. They also have their own management and sales forces. Copyright 2023 Surperformance. External roles: Non-Executive Director of Huttig Building Products Inc., a NASDAQ listed international distributor of construction products since 2015. FNC brake rotors rust free brakes nanotechnology oil and gas industry corrosion resistance woodworth inc heat treatment (woodworthheattreating.com), Rich Ott, Linamar, Guelph, Canada. Thermal Process Holdings | A Unique Partnership for the Future You Want. Associate of the Society of Actuaries. Schaeffler delivers high-precision components and systems in engine, transmission, and chassis applications, as well as rolling and plain bearing solutions for industrial and aerospace applications. Of course, it didnt help that shortly after acquisition there was a fire that destroyed one of the facilities. Victor has quite an impressive background in the captive heat treating industry in Mexico having worked with some of the giants such as Tremec, Meritor and SISAMEX (we could write a book about the in house heat treating department of each of these companies but that is a story for another day). To phrase it another way what have you changed at the company since you became CEO? Eversheds Sutherland (International) LLP, Herbert Smith Freehills LLP and DLA Piper UK LLP, Brokers When times are tough these types of technology tend to lose money. The purpose-built facility demonstrates Bodycote's. Qualifications: Chartered Accountant, qualified with Deloitte & Touche after graduating from University of Oxford. Services. Track your investments 24 hours a day, around the clock from around the world. Would you care to comment on this? Interactive Investor. This was the case with Carolina Commercial. With your permission I will refer back to that original interview for our answer: I was trained as an electrical engineer but along the way I acquired a business degree from the University of Chicago. Past roles: Chair of Portals International from 2020 to 2022. Accounts. Your question about manufacturing and heat treating moving to areas such as India and China is a good one and we see it as a good thing. BEng, Electronic and Information Engineering from Queens University Belfast. Part II of this question would be: is the company still interested in taking over the heat treating requirements of some of these captives? He holds an MBA and a Bachelor of Metallurgical Engineering degree from Cleveland State University. L'effectif de cette socit est de 667 et le nombre de Dirigeant est de 8. The Metal Improvement acquisition was much better. Heat treating is in some ways similar who wants to send their parts 200 miles to be heat treated? With these 2 large acquisitions under your belt would it be fair to say that you see the future growth of Bodycote to be mainly through acquisitions? After your recent acquisition of Carolina Commercial I made the statement that Bodycote is both the only truly international commercial heat treater and the only commercial heat treater with the resources to make such acquisitions. Presently, Stephen C. Harris holds the position of Group Chief Executive Officer & Executive Director at Bodycote Plc and Chairman of Bodycote (a subsidiary of Bodycote Plc). If a plant does well it is down to the GM. Stocks and Shares ISA; Trading Account; SIPP This question ties in with the previous one: how much autonomy does each general manager have? Stephen, in preparation for this interview I went through my notes and re-read the interview we did a few years back (this can still be found at https://themonty.com/project/stephen-harris-bodycote/). Credit Suisse Securities (Europe) Limited and Jefferies Hoare Govett, Case hardening with subsequent hardening operation, Case hardening without subsequent hardening operation, Fluidised bed/salt bath nitriding/nitrocarburising, Precipitation hardening: Stainless steels, Sub-critical annealing / intercritical annealing, Powdermet Selective surface net shape (SSNS), Anti-Slavery and Human Trafficking Statement, Recent and relevant financial experience, Environmental, including climate change. Bodycote CEO and key executive team Bodycote's Group Chief Executive is Stephen Harris. We do not buy equipment on a whim. Stephen Harris . Stephen Clive Harris, Bodycote PLC: Profile and Biography - Bloomberg Markets Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information US Edition Subscribe Live. Carolina Commercial will be wholly under Dan McCurdy. To what do you attribute this? While Eastern Europe is still a small market and has little in the way of commercial heat treating it is growing which represents an opportunity for us. "With the largest HIP operational capacity in the world, our continued investment demonstrates Bodycote's commitment to align resources to serve our customers across North America." We have had the privilege of working with Ron for quite some time and can say he is a good man who knows his stuff. Stephen Harris Corporate Vice President, Global Head of Data Science and Growth Analytics San Francisco, California, United States View 5+ hotmail.com me.com gmail.com wellsfargo.com capgemini.com us.ibm.com 4 415-734-XXXX 415222XXXX 415371XXXX 415222XXXX Stephen Harris Based in Ohio,Bobs knowledge of furnace controls systems rivals anybody else in theindustry. He has been the recipient of numerous awards and honors including the George H. Bodeen Heat Treating Achievement Award and was elected to the Class of Fellows for ASM International. Edward has played an integral role in putting AHT on the map w/regards to his technical expertise, material awareness and incredible engineering background. It offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, HIP diffusion bonding, hydrogen brazing, induction brazing, and vacuum and honeycomb brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy. Along the way he revolutionized the way brake rotors for the auto industry are processed, namely throughFerritic nitrocarburizing (FNC) in very large tip up style furnaces. Appointed:November 2016 I have worked with Bodycote for many years now and have a very high opinion of the company, in resources and global reach no other companies in the industry come close in my opinion. Bouncing back a little I mentioned how it would appear that you are paying particular attention to the North American market which might or might not be a reasonable statement. We avoid some technologies. The commercial heat treating industry is far more fragmented than virtually any I have seen with numerous players from very large to very small and this has a great deal to do with geography. With the largest HIP operational capacity in the world, our continued investment demonstrates Bodycote's commitment to align resources to serve our customers across North America." www.bodycote.com Not only has he been a pioneer for theLow PressureVacuum Carburizing sector Dennis is a true collaborator within this community on many facets. The first thing we do is then look for unused or underutilised furnaces already in our network. Principal Bankers Why this focus on the North American market? Jim is President of controls company SSi of Cincinnati, Ohio, USA which is probably reason enough for him to be on our list. To some extent this surprises me as my understanding is that profit margins are lower in North America than other areas such as Europe. The Bodycote name is most closely associated with heat treating but I know that your Hot Isostatic Pressing Division is very successful. Connections. Recently we had the opportunity to interview Mark, an interview which can be found at. Stocks and Shares ISA; Trading Account; SIPP We now have 189 facilities around the world having acquired two more this year in Scandinavia and Slovakia., I think it is also fair to say that our growth in the less developed countries of Eastern Europe, Mexico, and China has also helped performance. Jim Demarest has had a long and distinguished career in theheat treatingindustry working with companies such as AFC-Holcroft,PyromaitreInc., and for the past number of years at alloy supplier North AmericanCronite. However in addition he is also President of MTI (Metal Treating Institute) and serving his second term. Prior to that, Mr. Hubbard served as President & Owner of Hinderliter Heat Treating Inc., a North American heat treating group that specializes in sub-contract heat treatment, where he led the firms growth from a $1m firm into one of the three largest heat treating groups in North America. We would estimate that 80% of heat treating in the world is captive and we dont see this number dramatically changing. Past roles: Lili began her career as an actuary before joining Bain & Company. Services. Live market coverage co-anchored from Hong Kong and New York. In one instance we cut a hole in the roof of our Michigan location and rented a crane to get a shaft down into a nitrider! This is what one individual had to say about Gary; I would like to nominate Gary Sharp. Legal | Privacy | Accessibility | Site map | Alerts | Company registration | Copyright Magyar esk Dansk Nederlands Suomi Franais Deutsch Romn Slovenina Espaol Svenska Trke Italiano Polski He was appointed to the Board of Powell Duffryn plc as an Executive Director in 1995 and then went on to join Spectris plc as an Executive Director from 2003 to 2008. Past roles: Began her career in various positions with Ericsson working in Continental Europe, North America and Asia from 1981 to 1990 followed by director roles with Ericsson from 1993 to 1999. I became CEO of Bodycote in January 2009 mainly because I found it such an interesting company.. Super Systems Inc. based in Cincinnati, OH. Rob works extensively with the ASM Heat Treating Society, especially in the area of technical programming for the bi-annual Heat Treat Conference. A good friend of ours and a very respected individual in the heat treating industry, Mr. Dan McCurdy, recently retired as President, Bodycote Automotive and General Industrial Heat Treatment, North America and Asia. Qualifications: Bachelors Degree in Engineering from the University of Cambridge. A new management office has been opened just outside of Geneva where a number of senior managers are based, though we have regional headquarters in Dusseldorf, Germany; St Priest, France; Prague, Czech Republic and Dallas, Texas.. Bodycote Plc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. When we spoke a few years back you estimated that captive heat treating represented 80% of the total market and commercial heat treating the remainder. Welcome to Cronite Cronite Group Better by design (cronite-group.com). We call our commercial heat treatment business Classical Heat Treatment to distinguish it from Specialist Technologies which we can talk about later. The firm switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007. It is very easy to lose money in unfamiliar territories and it is definitely high risk, but if you get it right the rewards are respectable.. Perhaps comparing vacuum carburizing systems to batch IQ furnaces? Some heat treatment plants can be very successful by offering NADCAP accredited heat treating of aerospace parts but this model obviously will not be successful for plant B if there is little aerospace work in the area. 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