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. Part II of this question would be: is the company still interested in taking over the heat treating requirements of some of these captives? Since 2009 we have closed 70 facilities and opened or acquired 52. Gord, we expect to see several very exciting new things happening in the next twelve months in both our Classical Heat Treatment business and our Specialist Technologies. Wood's Ark Invest nearly liquidates Silvergate Capital position, Musk bets big on beating shareholders at 'funding secured' trial, Investor Peltz, corporate doctor, pushes Disney to take bitter pill, BYD's Shares Fall After Warren Buffett Cuts Stake in Company Again, Shares of Ant-controlled companies, Alibaba rise after Jack Ma gives up control, Arnault tightens family grip on LVMH as daughter becomes Dior CEO, Circles: Another Bayer investor wants to split up - share price rises, Credit Suisse nears deal to buy Michael Klein's advisory firm - Bloomberg News, Investor Fundsmith accuses Unilever of 'virtue signalling' and prioritising Peltz, Cucinelli tops forecast with near 30% sales jump in 2022, Group Chief Executive Officer & Executive Director. Thermal processing is an essential part of any manufacturing process and . The Bodycote Executive Team is rated a "C" and led by CEO Stephen Harris. I have asked many very experienced people in the industry what they see in the future for heat treating. Bodycote is a public company that has been in the industry for 99 years. Tom also runs the North American Aerospace, Defense and Energy (ADE) business. Connections. 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. Stephen Harris, Bodycote Group Chief Executive, commented, "We're very pleased to announce the opening of the new facility in Elgin, Illinois. A metallurgist by background Bill works both as a consultant and also as a independent manufacturers rep for several industry suppliers. Stephen Harris Bodycote CEO Rating Originally from France he has enormous knowledge of vacuum carburizing and was instrumental in introducing acetylene to the process. Most future growth will be organic as opposed to acquisitions. The problem is that when they have a quality escape, the OEM ends up owning the heat treater, which is not what anybody wanted., Apart from our bias towards large customers I would say the biggest difference between us and most commercial heat treaters is our focus. There has been a lot of discussionabout who isreplacingDan (and we confess we have fueled some of this speculation). The other businesses in the division are Surface Technology (plasma, HVOF and thermochemical coatings), S3P (Specialty Stainless Steel Processes) and Powdermet (contract manufacturing of products from powder using HIP and 3D printing technologies). Mark is like many in the industry in that he was literally born into it by following in his fathers footsteps. From its inception in 2004, Todd Wenzel has served as President of Throughput Consulting, Inc., an enterprise software consultancy serving the Metal Treating industry. Stephen Harris / Bodycote This past week we were fortunate enough to catch up with Mr. Stephen Harris, CEO of the world's largest commercial heat treater, UK based Bodycote. When Gary started Advanced Heat Treat Corp., in Waterloo, Iowa he had a dream, a dream that he Plasma Nitriding had a substantial place in the north American heat treating industry. Our prediction is that under his leadership the company will continue to grow and expand into new markets both geographically and product wise. Stephen Harris Bodycote Group Chief Executive Source: Bodycote. This suggestion is fairly typical of what we received about this interesting individual; I wanted to share my recommendation for Shlok Sundaresh for his influence in the heat treating industry. Carlos Torres, President, MATTSA. I have heard everything from more commercial heat treating and less captive heat treating, to Vacuum Carburizing taking over the industry, to most heat treating following manufacturing out of North America to areas such as India and China (which I personally dont believe by the way) all the way to heat treating becoming a smaller industry down the road. We have learnt that these two different types of customers require a different focus. HTSU offers complete services for the industry from Refractory to ISO:IEC 17025:2005 Pyrometry Services and has grown to 5 locations. 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 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? Mike Klauck has spent his life in the industry and as President of furnace builder Can-Eng he has had a very decided influence in the industry, especially when it comes to the use of mesh belt lines. External roles: Strategy consultant and since 2008 a global partner in the London office of Bain & Company. The basic criteria to make the list is that the individuals named are in positions to influence the heat treating industry in North America either in terms of presenting new technologies, influencing purchasing decisions, deciding what type of heat treating to do or effecting current heat treatment practices. Dr. Edward Rolinski, Advanced Heat Treat Corp. We have long known the good Doctor as one of the leading experts in the world when it comes to Plasma Nitriding. . Keeping things simple is by far the best approach. Principal Bankers 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. Qualifications: Chartered Accountant, graduated from Bristol University in Economics and Accounting. Stephens responses to our questions were succinct, thought provoking and in some cases not what we expected. 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 Bodycote Bottom 5% F 30/100 VS Roland Fischer Oerlikon Top 25% B 74/100 Bodycote vs Oerlikon CEO Comparison Summary Employees at Bodycote rank Stephen Harris in the Bottom 5% of similar sized companies. Bluewater is one of the largest commercial heat treaters in North America with a total of 12 locations around the USA. Of course, it didnt help that shortly after acquisition there was a fire that destroyed one of the facilities. Recently we had the opportunity to interview Mark, an interview which can be found atMark Hemsath, VP Super IQ and Nitriding, SECO/WARWICK | The MontyHe is a prolific writer and has written a number of articles about heat treat technologies including Intelligent Gas Carburizing with Super IQ. I have to say that I have never received any real sort of consensus. FNC brake rotors rust free brakes nanotechnology oil and gas industry corrosion resistance woodworth inc heat treatment (woodworthheattreating.com), Rich Ott, Linamar, Guelph, Canada. Stocks and Shares ISA; Trading Account; SIPP Track your investments 24 hours a day, around the clock from around the world. Mr. Ben Rassieur has made our list of the Most Influential in the North American Heat Treating Industry every single year without fail and deservedly so. Our HIP business is the largest in the world.. They also have their own management and sales forces. During his time as CEO, he led the organizations revenue growth from $579m to over $882m and expanded their operations globally. 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. 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. Vctor M. Caldern Cabrera, Heat Treat Engineering Manager en Caterpillar Inc. Monterrey, Nuevo Len, Mexico. William Bill Andreski, President MetConsult LLC. Carlos Torres has been with MATTSA, the largest furnace builder in Mexico for 12 years, the last two as President. Gary will try anything if it results in a win/win for AHT and the customer. We are often approached to do this, however we are not interested in high volume operations where the only motivation is for the customer to swap their balance sheet for ours. Active across the heat treating industry, Hubbard has served as president & board member at ASM International, and has held leadership positions at the Metal Treating Institute and the Center for Heat Treatment Excellence. 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. Past Experience includes Control Systems Analyst and Maintenance Manager for a Large Commercial Heat Treat in the southeastern United States and Field Service Engineer for a (at the time) large instrumentation company that specialize in the heat treating industry. Care to give us a bit of background about this portion of the business and how it compares to heat treating in terms of revenue? 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. The number of employees ranges from 1.0K to 5.0K. In fact, it is quite rare for us to take over a captive. We call our commercial heat treatment business Classical Heat Treatment to distinguish it from Specialist Technologies which we can talk about later. 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. Dan holds a patent (as a co-inventor), and a broad range of industries are made better for his consulting services inheat treating and sintering, metallurgy, operations, business management, sales and marketing, andtechnology. He was Non-Executive Director of Fiberweb plc during 2013, Mouchel Group from 2013 to 2015, WANdisco plc from 2012 to 2016, Babcock International Group from 2010 to 2020 and SIG plc from 2017 to 31.01.2021. Results Revenues up 7.1% at constant currency to 615.8m (organic revenues up 5.2%) Headline operating margin at 15.4% (2020: 12.6%) Free cash flow of 105m The first to focus on LPC as a primary product: Dennis Beauchesne quickly realized that the future of heat treating would be lead by Low Pressure Carburizing and worked with the parent corporation to make connections in the following industries to grow their already impressive reference list: Automotive, Captive Heat Treaters, Aerospace, Consumer tools along with tool and die. Profit margins in North America are very respectable when compared to the rest of the world and when you consider that it is estimated that the worldwide captive and commercial heat treating industry is worth $35 Billion USD/year and that $20 Billion of this is in the US, North America is and will remain a crucial area for us. That being said, which geographic areas of the world do you see as offering the largest growth potential to your company? 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 I became CEO of Bodycote in January 2009 mainly because I found it such an interesting company." When you started in 2009 the Bodycote share price was 122 pence; November 27th 2019 the share price stood at 887 pence. Andrew Bassett / Aerospace Testing & Pyrometry, Inc. Jeff McLaughlin / McLaughlin Furnace Group, Kyle Favors / Heat Treating Services Unlimited, Heat Treating furnace professional in Nitriding, Carburizing, Atmosphere processes, Vacuum Carburizing, LPC, and, Surface Engineering and Mark made our list in 2019. Legal | Privacy | Accessibility | Site map | Alerts | Company registration | Copyright Magyar esk Dansk Nederlands Suomi Franais Deutsch Romn Slovenina Espaol Svenska Trke Italiano Polski To what do you attribute this? 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. 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This question ties in with the previous one: how much autonomy does each general manager have? You have some really top notch people in the company, some of whom I have known for years and would consider personal friends-are there any that you would like to single out for a mention? Our operating philosophy is to not try to centralize or tell the GMs how to run their businesses from headquarters. Accounts. Stephen Harris and the Bodycote leadership team are scored a "D" by 10 employees placing it in the Bottom 20% of companies sized 1,001-5,000 Employees. Woodworth is a family owned business and Terrys sons are taking over more and more of the day to day operations. This was a typical vote for Aymeric;Id like to nominate Aymeric Goldsteinas of Ipsen for your Top 25 Influencers this year. We require a specific rate of return that depends on the risk. He has become the go to guy for multiple companies.. Wenzel is a graduate of the Milwaukee School of Engineering and is a Microsoft Certified Solution Developer. You cannot say that one particular process is more profitable than another as there are a number of different factors that come in to play such as local demand. It is now over 25 years since Can Eng introduced mesh belt furnace lines into North America, a technology which was imported from Japan. Past roles: Chair of Portals International from 2020 to 2022. Welcome to Cronite Cronite Group Better by design (cronite-group.com). Roger Joneshas a passion for heat treating that is in his blood. You are incorrect on this Gord. Ben Rassieur, President at Paulo Products Company. Tom is based in Texas and is President, Aerospace, Defense & Energy, Heat Treat and Surface Technology at Bodycote which is one of two Bodycote divisions, the other being the AGI division (Automotive & General Industry). Processing capabilities can accommodate components that are nominally up to 6.5ft in diameter by 12ft high and weighing over 65,000lbs. Copyright 2023 | TheMonty.com | All rights reserved. Dan Herring The Heat Treat Doctor. 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/). Our HIP business sits in our Specialist Technologies division, which I referred to earlier. Why this focus on the North American market? We have always had great heat treaters in the business but we have made great strides in injecting operational skills. As the Group Chief Executive and Executive Director of Bodycote Plc, the total compensation of Stephen Harris at Bodycote Plc is GBX2,156,000. While the general direction was set at the top level we have always believed that most decisions need to be made at the local level so our local managers have a great deal of decision making responsibility. This long winded question all leads up to this; what do you see in the future? The company serves automotive, aerospace and defense, energy, and general industrial markets. External roles: Non-Executive Director of Huttig Building Products Inc., a NASDAQ listed international distributor of construction products since 2015. The technology is here, but politics may stand in the way. Non-Executive Director and Chair of the Audit Committee of Polypipe Group plc from 22 September 2020. Fred Hamizadeh, Director Global Manufacturing Services AAM Heat Treat & Facilities Process. Bloomberg Daybreak Asia. Even though Karl-Michael is based in Germany he has had a definite impact on the North American heat treating industry due to the fact that he is head of R & D for Nitrex Metal. We found it interesting the diversity of the list; 3 influencers at captive heat treats are included, 2 consultants, several commercial heat treaters are mentioned and a number of engineers. Bodycote's CEO, Stephen Harris, has a CEO approval rating of 31/100, as scored by 8 Bodycote employees, placing Stephen Harris in the Bottom 5% of similarly-sized companies for CEO score. Bodycote announced its 2021 Full Year Results on 14 March 2022. Well, Gord, I wouldnt quite state it like that. Roger has used his knowledge of Heat Treating to help educate others by writing and publishing several technical papers on Heat Treating and Materials Process as well as traveling to and teaching at conferences and local ASM chapters all over the country. He holds an MBA and a Bachelor of Metallurgical Engineering degree from Cleveland State University. Kyle Favors, President Heat Treating Services Unlimited, Inc. The firm switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007. https://www.can-eng.com/, Bill Jones, Solar Atmospheres/Solar Manufacturing. So we didnt really replace him. Bodycote, which specialises in the heat-treatment of turbine blades and car components, has maintained its full-year dividend in spite of a fall in sales and continued losses. Stephen Harris, Bodycote Group Chief Executive, commented, "We're very pleased to announce the opening of the new facility in Elgin, Illinois. I think this is sensible as the risks are lower and that market is growing at a reasonable rate.. 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! He describes himself as a Heat Treating furnace professional in Nitriding, Carburizing, Atmosphere processes, Vacuum Carburizing, LPC, andSurface Engineering and Mark made our list in 2019. And the man in charge of these heat treats? Qualifications: Chartered Engineer, graduated from Cambridge University, Masters degree in business administration from the University of Chicago, Booth School of Business. Its surface technologies include anodizing, ceramic, flame and combustion spraying, high velocity oxygen fuel, plasma spray, electric arc spraying, aluminide coatings, liquid coatings, and thermo-chemically formed ceramic coatings to enhance wear resistance. Contribute. We spoke earlier about the lower developed countries in Eastern Europe, Mexico and China which clearly offer good growth, albeit at high risk. In many instances we decided replacement was a better option. When it comes to captive heat treating our largest opportunity comes when a customer adds a new product or substantially changes a current one which would require a new heat treating process. We will miss Dan tremendously. . On a more personal note very much to his credit he shares a passion for boating, a passion shared at The Monty. As a past President of furnace builder Ipsen and now in charge of acquisitions for Bodycote, Mario has had a very definite impact on our industry. Our timing was fortunate in that Stephen was in Atlanta, Georgia with the Bodycote team reviewing their very recent acquisition of Carolina Commercial. View the profiles of professionals named "Stephen Harris" on LinkedIn. We are a large company and have a very sound financial basis. Stephen HARRIS est Prsident de la socit BODYCOTE situe 117 ALLEE DES PARCS 69800 ST PRIEST au capital : 32 725 924 . Obviously the names will change to Bodycote. 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