What does it take to stay ahead in the competitive industrial sector for nearly a century? In this episode Nidhi Arora welcomes Mark Sheahan, CEO of Graco, to discuss the company鈥檚 journey of innovation and resilience in the industrial sector. He shares insights on Graco's pioneering work in the automotive industry and the critical role of precision engineering in handling new materials. He emphasizes the importance of niche markets and continuous innovation to maintain a competitive edge.
Mark has been with the company for nearly 30 years, holding various leadership roles before becoming CEO in June 2021. His career includes positions such as Chief Financial Officer, Vice President, and General Manager of the Applied Fluid Technologies Division, and Chief Administrative Officer. Prior to joining Graco, Mark was a Senior Tax Manager at KPMG. He holds degrees in Business and Law, bringing a wealth of expertise to his long-time role at Graco.
Discussion Points
- Innovation and Solutions: Graco innovates to solve complex manufacturing problems, enhancing productivity, quality, and cost-efficiency.
- Competitive Edge: Graco targets niche markets and emphasizes innovation, delivering high-quality, precise, customer-centric solutions.
- Automotive Involvement: Graco develops solutions for new materials and applications, including EV battery manufacturing.
- Risk Management: Graco maintains zero tolerance in risk management, focusing on cybersecurity, supply chain resilience, and regulatory compliance.
- COVID-19 Response: Graco balanced flexible work and family-oriented culture while adapting to supply chain disruptions and market changes.
- AI and Analytics: AI and data analytics enhance Graco's customer service and marketing, improving customer processes and decision-making.
Links
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Hosts
Nidhi Arora
VP, Ayna.AI
