Ninad Singh of Ayna.AI interviews Mike Olosky, CEO of Simpson Strong-Tie, who underscores adaptability, customer relations, and comprehensive solutions as vital for success. With 14 years of global experience, Mike champions a growth mindset and people-centric culture to drive industry excellence. As CEO of Simpson Strong-Tie, Mike Olosky leads the company with a clear vision of industry leadership through innovation and customer service. With over 20 years at Henkel, including roles as COO and Regional President, Mike's leadership, strategic investments, and embrace of technology have spurred Simpson Strong-Tie's growth amid economic challenges.   Discussion Points Simpson Strong-Tie’s from modest beginnings to a $2 billion revenue leader in structural building products with success driven by robust customer relations, adaptability, and diverse product offerings.Olosky's 14-year stint with Henkel in Asia provided valuable insights into electronic and automotive sectors and cultural diversity, shaping his leadership at Simpson Strong-Tie and fostering innovation.Simpson Strong-Tie's commitment to a growth mindset, employee training, and adoption of emerging technologies like Mass Timber and digitization are driving forces behind their market outperformance and industry-leading construction standards.The company's dedication to comprehensive customer solutions, leveraging digital tools such as CAD and software resources, positions them as pioneers in digital transformation within the construction industry.Olosky’s emphasis on the significance of a people-centric culture, citing an impactful moment in Asia that reinforced his belief in empowering teams.   Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. The host of this episode, Ninad Singh, is a Director at Ayna.   For More Information Simpson Strong-Tie Mike Oloskey LinkedIn Book: The Titanium Economy Ayna.AI Website Ninad Singh LinkedIn

Ayna.AI’s CEO Guarav Batra speaks with Giulia Siccardo on the pressing issues of US infrastructure and manufacturing. Giulia is a Director at the US Department of Energy, and she sheds light on the department's strategic shift toward supporting large-scale energy technologies and their impact on the future of US manufacturing. She discusses the pivotal role played by recent legislation, like the Inflation Reduction Act and the Bipartisan Infrastructure Law, in fueling investments into clean energy projects ready for gigafactory scale production. This episode promises to give you an insider's view of how the DOE is responding to the changing economic landscape, helping companies navigate the complexities of large capital projects. Giulia Siccardo is an experienced professional in the energy, automotive, and sustainability sectors. As the Director of the Department of Energy’s Office of Manufacturing & Energy Supply Chains, she is responsible for awarding government investments to strengthen and secure U.S. manufacturing capacity and workforce development, as well as administer the Defense Production Act for critical energy technologies. Her scope includes batteries, hydrogen, heat pumps, solar, transmission, and zero-emission materials, among other technologies. Siccardo was previously a Partner at McKinsey & Company and leader of McKinsey’s Green Growth service line. Born in California, Siccardo holds a dual B.A. in Economics and Environmental Studies from Dartmouth College and an MBA from Harvard Business School.   Discussion Points Giulia Siccardo from the US Department of Energy discusses the energy revolution, focusing on large-scale technologies and recent clean energy legislation.Giulia explains the DOE's strategy for enhancing manufacturing resilience, prioritizing investments based on supply chain vulnerabilities and long-term economic benefits.Giulia highlights labor partnerships and DOE initiatives like advanced market commitments to boost emerging technologies.A $50 million investment in a Tennessee materials company aims for lower-emission battery components and job creation in marginalized communities.Giulia emphasizes diversity's role in fostering innovation within the DOE, reflecting on her career from McKinsey.The podcast concludes with an overview of the DOE's efficient capital deployment for industrial innovation, urging engagement for a sustainable future.   Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. The host of this episode, Gaurav Batra, is the President & CEO of Ayna.AI.   For More Information Giulia Siccardo Ayna.AI Website

Renowned trade expert Kelly Ann Shaw delves into global trade complexities, exploring the shift from goods-centric to a service-oriented global economy. She analyzes the impact of national security on trade policies and discusses disruptions caused by the COVID-19 pandemic. Shaw also addresses the evolution of trade ideologies from the Obama administration to the 2016 campaigns, providing insights into future trade challenges, geopolitical strategies, and the prospect of critical mineral acquisition and space mining. Kelly Ann Shaw, a distinguished international trade and government relations figure, currently partners with Hogan Lovells and serves as an adjunct professor at Columbia Law School. Holding a senior advisory role at the Center for Strategic and International Studies, Shaw brings a wealth of experience as a former U.S. trade negotiator, deputy assistant to the President for International Economic Affairs, and deputy director of the National Economic Council. With a comprehensive background spanning the White House, U.S. trade representatives, U.S. Congress, and private practice, Shaw's expertise encompasses U.S. international trade, investment, and economic law. She has been recognized as one of Washington DC's 500 most influential people and has received numerous legal awards.   Discussion Points Kelly Ann Shaw analyzes the transformation of trade policy from goods to a service-oriented global economy, emphasizing national security's impact on trade decisions and the pandemic's effects on international commerce and supply chains.Shaw explores the trend toward regional trade agreements like TPP or CPTPP, termed "re-globalization," potentially impacting global economic growth and complicating supply chain management.Addressing rising geopolitical tensions, especially between the US and China, Shaw discusses challenges in securing critical minerals for technology, proposing partnerships and mining strategies in Africa and exploration on celestial bodies like the Moon and Mars.The discussion shifts to the evolution of US trade policy from Obama to the 2016 campaigns, highlighting a bipartisan move away from free trade ideology and a renewed emphasis on manufacturing and the industrial base.Looking ahead, Shaw considers the upcoming US presidential election's potential impact on trade policies, offering strategic advice for business leaders to navigate changes, including forming trade 'clubs' among allies and moving away from a unified global trading system. Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. The host of this episode, Connor Bradley, is a Senior Analyst at Ayna.AI.   For More Information Kelly Ann Shaw LinkedIn Kelly Ann Shaw - Hogan Lovells Ayna.AI Website Connor Bradley Profile

In this engaging episode of our Titanium Economy series, we welcome David Hunt, managing director and co-head of the industrials practice at Greenhill, who shares his rich expertise in advising industrial companies, particularly in the capital goods sector. Listen in as we navigate the complex landscape of the industrial sector and its subsectors, with an emphasis on capital goods and the adoption of technology. We dissect the current macroeconomic factors, such as higher inflation and rates, and their impact on the sector. Hunt sheds light on the shift from resource hoarding during the pandemic to growth-focused strategies, especially corporate acquisitions, offering a unique insight into the sector's evolution. Mr. Hunt joined Greenhill in 2017. He principally advises clients in the capital goods, environmental services, and industrial technology sectors. Prior to joining Greenhill, David spent 20 years at UBS where he was a Managing Director and the Head of Investment Banking for Capital Goods. He began his career at Dillon Read before it was acquired by UBS. David holds a BS in Economics from The Wharton School of the University of Pennsylvania.   Discussion Points Guest David Hunt explains how different factors shaped M&A activity have, highlighting a shift from hoarding resources during the pandemic to focusing on growth strategies, particularly corporate acquisitions.The conversation moves to the evolution of multi-industrial companies and their shift from conglomerate models to more focused niche markets, delving into the importance of differentiation, mission criticality, end-market selection and the impact on investor returns.David and Siddharth explore the landscape of M&A in the industrial sector, focusing on the components of a successful business system for a multi-industrial company.A discussion around the importance of understanding the boundaries in M&A activities, the importance of realistic valuation, and competitive landscape analysis.How industrial companies are handling the pace of technological disruption, especially with the rise of AI. The hosts discuss the importance of finding a micro niche that is the company's competitive differentiation and applying that both to organic and inorganic growth strategies.Wrapping up, David Hunt provides an optimistic outlook for the industrial sector, citing the Infrastructure Act, the Chips Act, the IRA Act, and other multi-year trends. Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. The host of this episode, Siddarth Madhav, is President & Chief Strategy Officer of Fernweh Group. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create “segment of one” leaders in the industrial and industrial technology sector.   For More Information David Hunt LinkedIn Greenhill Book: The Titanium Economy Ayna.AI Website

What if managing employees wasn’t a responsibility, but a privilege? What if, before efficiencies and synergies, empathy was a driving force in leadership? In this episode, Connor Bradley speaks with Bob Chapman, Chairman and CEO of Barry-Wehmiller, a leader who transformed his company with a potent mix of strategy and culture, shaping a vision that breathes life and meaning into Barry-Wehmiller team members’ existence. Bob Chapman is widely recognized as a transformative leader from the manufacturing industry. As CEO of Barry-Wehmiller, a global supplier of manufacturing technology and services, he has grown his company through a prolifically successful acquisition strategy. Chapman's deep understanding of leadership and his unique methods have made him a bestselling author and speaker. Chapman has successfully instilled a culture of empathy and purpose within Barry-Wehmiller, solidifying his position as a revolutionary in both business and leadership.   Discussion Points Bob Chapman has transformed Barry-Wehmiller - providing employees with meaning and launching initiatives to share culture and leadership training.How to address the "poverty of dignity" in organizations for overall well-being.Connor and Bob discuss balanced business models, culture in leadership, and empathetic listening to create leaders.Chapman shares his message of caring for others, teaching the skill of recognizing goodness, and navigating difficult decisions when culture and business conflict.A discussion around sharing strategy and culture to lead business, encouraging listeners to apply same philosophy and share blessings. Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. The host of this episode, Bradley, is a Senior Analyst at Ayna.AI.   For More Information Barry-Wehmiller Truly Human Leadership Blog Book: Everybody Matters Chapman & Co. Book: The Titanium Economy Ayna.AI Website Connor Bradley Profile

Tricia Breeger, President and CEO of Mitsubishi Electric Power Products (MEPPI), brings her distinctive insights to the future of infrastructure, underscoring the pivotal role of cutting-edge technologies in advancing cleaner, more sustainable power generation. In this comprehensive discussion, Tricia delves into the complexities and opportunities within the energy transition landscape, shedding light on the rising demand for innovative technologies and sustainable storage solutions. She further explores MEPPI's integration of generative AI and Environmental, Social, and Governance (ESG) principles, a transformative strategy aimed at pushing the boundaries of technological innovation in the electric power industry. With nearly two decades of experience, Tricia has progressed from a sales engineer to her current role, emphasizing customer-centricity, transparency, and continuous learning throughout her leadership journey. Her central mission is to position MEPPI as a frontrunner in shaping the infrastructure of tomorrow while guiding the company through the multifaceted challenges of the energy transition.   Discussion Points MEPPI's role in advancing future infrastructure, focusing on leading the energy transition and addressing challenges in cleaner power generation. The significance of a strong corporate purpose in attracting and retaining top talent, including a commitment to customer care, internal responsibilities, and employee support. MEPPI’s active testing of AI's efficacy across its operations, recognizing generative AI as a competitive advantage. MEPPI's adherence to Environmental, Social, and Governance (ESG) criteria, aiming to be a responsible facility owner, a good corporate citizen, and support greenhouse gas emission reductions for utility customers. Tricia Breeger's leadership journey from sales engineer to MEPPI CEO, underscoring the value of embracing change, continuous learning, and mentorship in shaping her leadership style. Tricia’s excitement about value creation in the infrastructure sector and her encouragement for professionals to explore technology companies as dynamic opportunities for impactful contributions.   Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. The host of this episode, Gaurav Batra, is the President & CEO of Ayna.AI and co-author of the WSJ bestseller – The Titanium Economy.   For More Information Tricia Breeger LinkedIn MEPPI Ayna.AI Website Gaurav Batra on LinkedIn Book: The Titanium Economy

In this episode, host Gaurav Batra, President & CEO of Ayna.AI, welcomes Stephen Smith, Chairman, President & CEO of Amsted Industries, a diversified global manufacturer of industrial components. Operating since 1962, Amsted has 75 locations in 13 countries across 6 continents and is 100% employee owned. Steve joined Amsted in 2005 as Amsted Rail President, became General Counsel in 2007, and President & CEO in 2017. Previously, he was at GKN plc as General Counsel and President of shared services operations in North America from 1999 to 2005. Steve shares his perspectives on Amsted's heritage, ownership culture, growth strategy, and innovation. He emphasizes employee empowerment, investing for growth, and optimizing talent and capital management for value creation.   Discussion Points Amsted's 100% employee-owned model provides competitive advantages in strategic focus, talent acquisition, retention, and resilience through economic cycles. However, it also has its tradeoffs like any corporate organization.Business growth in Amsted’s key end markets supported by robust macro tailwinds, including data center demand and industrial electrification towards eco-friendly technologies.Amsted represents a winning example of the benefits of portfolio diversification and the conglomerate business strategy – tempering overall cyclicality and routinely beating performance benchmarks.The Amsted management paradigm is based on driving authority and accountability down to the business unit level, which includes strategic M&A ideation and execution.Successful corporate leadership boils down to finding and enabling the right people and deploying scarce capital for its most promising use.Key technologies transforming Amsted’s businesses include additive manufacturing, vision systems using AI and various elements of factory automation.Stephen Smith’s business leadership mantra is “leading by questioning” – thus enabling his management team to think independently and gaining their buy-in on key decisions.The industrials sector is often underappreciated and misunderstood, requiring greater awareness, appreciation, and encouragement for investment.   Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. Ayna.AI is an affiliate of Fernweh Group. The host of this episode, Gaurav Batra, is the President & CEO of Ayna.AI. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create “segment of one” leaders in the industrial and industrial technology sector.   For More Information Stephen Smith LinkedIn Amsted Industries Book: The Titanium Economy Ayna.AI Website Fernweh Group Website

Gaurav Batra, CEO of Ayna.AI, welcomes Ameya Prabhu, Founder and Managing Partner of UAP Advisors and the Managing Director of NAFA Capital Advisors, Mumbai, India.  NAFA Capital Advisors is an India-focused integrated financial services platform with activities in investment management and corporate advisory. Ameya, designated "Young Global Leader" by the World Economic Forum, is also an author of "The Rock Babas and Other Stories," distributed by Amazon, and a trustee of Manav Sadhan Vikas Sanstha, an NGO for holistic human development. In this episode, Ameya discusses building NAFA into a diversified investment platform with a focus on financial services and agriculture. He shares key investment tenets driving its success and offers an outlook on opportunities and challenges for the Indian economy. Finally, he also shares some pearls of wisdom from his book "The Rock Babas".   Discussion Points Ameya's investment management success rooted in "old school" fundamentals: profitability, growth, and return on equity.NAFA and UAP's success built on (a) focusing on profitable, cash flow generating businesses, (b) investing in innovation, and (c) providing a differentiated investment opportunity in a competitive marketplace.NAFA's high-touch approach drives success in each subsidiary, deploying talent strategically to scale the platform.Indian economic atmosphere optimistic with domestic demand growth and softening commodity prices, but challenges ahead include job creation with the rise of AI and infrastructure development.Ameya's book, "The Rock Babas," shares compelling personal journeys of distinct characters evolving through trials and tribulations.Entrepreneurship requires continuous learning, humility, and confidence in taking risks to achieve success.   Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. Ayna.AI is an affiliate of Fernweh Group. The host of this episode, Gaurav Batra, is the President & CEO of Ayna.AI. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create “segment of one” leaders in the industrial and industrial technology sector.   For More Information Ameya Prabhu LinkedIn Book: The Rock Babas  Ameya Prabhu Website NAFA  Book: The Titanium Economy Ayna.AI Website Fernweh Group Website

Christine (“Chris”) King is an accomplished leader in the semiconductor industry who currently serves on Skyworks’ Board of Directors as the lead independent director and chair of its Compensation Committee.  Skyworks is $18B market cap semiconductor player empowering the wireless networking revolution.  Ms. King also serves as the co-chair of the Board of Directors for Henry Schein One, where she leads the company’s software and technology strategy and initiatives.  She also established and serves as chair of Henry Schein’s Technology Advisory Board. Chris King’s career is a remarkable “rags to riches” story within the technology industry.  She was a 20-year-old single mother with a high school diploma in the 1970s, who would become the semiconductor industry’s first female CEO.  Leveraging her innate capabilities, passion, and grit, Ms. King earned associate and bachelor’s degrees in electrical engineering and began a career at IBM where she rose through the ranks and built multiple billion-dollar businesses before leaving IBM to be appointed President and CEO at AMI Semiconductor in 2001.  Following AMI Semiconductor’s successful sale to ON Semiconductor in 2008, Ms. King was appointed President and CEO of Standard Microsystems and subsequently Executive Chair of the Board of QLogic Corporation in 2015.  Over the course of her career, Ms. King has served on multiple Boards of Directors within and outside of the technology sector, including Allegro Micro, Analog Devices, Atheros, Cirrus Logic, Idaho Power, ON Semiconductor, and SMSC. In addition to her corporate governance work, Chris keeps herself busy as a champion equestrian in the sport of cow cutting.  And we’re also very excited to hear that she has a forthcoming personal memoir slated for release later this year, tentatively entitled “Breaking the Silicon Ceiling” documenting her amazing journey.   Discussion Points  The Skyworks technology connects “everyone everywhere” and is empowering the wireless network revolution of “always on” connectivity.The semiconductor industry has demonstrated remarkable resiliency through significant global upheavals, through the pandemic and its after-effects. While the industry has diligently tracked Moore’s Law in terms of technology development, today the most important ingredient for success is having the right people – leading winning teams has always meant fostering great personal relationships built on trust.The transformation of Standard Microsystems was driven by transparency in challenge recognition, rapid change to align to strategic priorities (e.g., consumer markets) and opportunistic M&A to add talent and capabilities.Blazing a new trail in a male-dominated field often necessitated healthy “competition” with male counterparts, but ultimately results and value for customers and shareholders speak for themselves.Advice for upcoming leaders in the industry – don’t be too quick to get into leadership, develop your technical skills first and be persistent – if you can’t go through, go around!   Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. Ayna.AI is an affiliate of Fernweh Group. The host of this episode, Gaurav Batra, is the President & CEO of Ayna.AI. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create “segment of one” leaders in the industrial and industrial technology sector.

In this episode, host Nick Santhanam, CEO of Fernweh Group, welcomes Darron Ash, CEO of Sammons Enterprises and Sammons Industrial. The Sammons portfolio of companies includes businesses operating in financial services, industrial equipment, real estate investment and infrastructure across five countries. Darron shares his perspectives on the Sammons story, its unique approach to investing and partnering with companies, its singular focus on people and culture and how the firm is positioned for success in the coming decades. Headquartered in Dallas, Texas, Sammons was established in 1938 and now is one of the largest privately held companies in the US, with approximately $7 billion in annual revenues and over $118 billion in assets. In 2022, Sammons placed 44th on the Largest Privately Held Companies in the US list. Darron has been with Sammons since 2006 and joined the company with 17 years of experience in the public accounting, private equity, consumer products manufacturing, and professional services industries.  He served as Chief Financial Officer for Sammons Enterprises for nine years prior to accepting the role of President and Chief Executive Officer for Sammons Industrial.  Darron has been a member of the Executive Committee and the Sammons Enterprises Board since 2015.   Discussion Points  The Sammons value proposition centers on a long-term, partnership model of investing, without a pre-set exit plan, coupled with a strong focus on people and culture that allows for a decentralized management approach.Across the firm’s five investment verticals, the firm primarily focuses on using organic growth to scale its operating businesses, with M&A deployed strategically for adjacent and tuck-in opportunities. Sammons prioritizes discipline and patience as it relates to capital allocation and capital management strategies, particularly through today’s volatile economic era characterized by high inflation and high interest rates.Through the pandemic and its supply chain after-effects, the ability to pivot from equipment order sales to rentals enabled Sammons to drive customer value.Deploying world-class, value-added technology like mobile e-commerce and utilization management into companies, even in the start-up phase, is a key tenet of accelerating business growth and profitability.The right people, talent and culture are often the key enablers for long-run business success.   Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. Ayna.AI is an affiliate of Fernweh Group. The host of this episode, Nick Santhanam, is the CEO of Fernweh Group. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create “segment of one” leaders in the industrial and industrial technology sector.   For More Information Darron Ash LinkedIn Sammons Industrial Book: The Titanium Economy Ayna.AI Website Fernweh Group Website

Neil Chatterjee, Senior Advisor at Hogan Lovells and Former Chairman and Commissioner of the Federal Energy Regulatory Commission (FERC) shares his views on the opportunities and challenges that both private and public sector stakeholders face in the drive toward increased decarbonization, including affordability, reliability and security. He shares his perspectives on the polarization and politicization that continues to hamper long-term energy investment strategies and the energy sector’s critical need for a new generation of dedicated public servants to drive future innovation. Mr. Chatterjee is proud to have been the first Indian American chairperson of FERC and maintains a stellar reputation as a bipartisan operator with deep ties in Washington and across the industry. Prior to his tenure at the Commission, Neil served as an advisor to Sen. Mitch McConnell (R-KY), working on the passage of major energy legislation. Neil also has experience working as a principal in government relations for the National Rural Electric Cooperative Association. He began his career as a staff member on the House Committee on Ways and Means.   Discussion Points As the energy landscape drives toward decarbonization, critical challenges include reliability, affordability, and security.The US energy grid is the envy of the world, but no country is an island anymore. There are opportunities in the foreign policy space to engage and cooperate.Maintaining affordability is one of the biggest challenges through the energy transition, especially amidst inflation and a slowing economy.The federal government’s political polarization is paralyzing long-term investment planning and undermining cooperation when it’s needed most.Competition and open markets should be driving innovation and one area that is ripe for innovation is long-duration energy storage.   Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. Ayna.AI is an affiliate of Fernweh. The host of this episode, Gaurav Batra, is the President and CEO of Ayna.AI. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create “segment of one” leaders in the industrial and industrial technology sector.   For More Information Neil Chatterjee LinkedIn FERC.gov Book: The Titanium Economy Ayna.AI Website Fernweh Group Website

In this episode, host Gaurav Batra welcomes Paul Reitz, President and CEO of Titan International, to discuss Titan’s unique niche in the industry and how a focus on the end-user drives their value creation in products and services around the globe. Mr. Reitz shares his journey at Titan’s helm and offers a wide-ranging discussion on several critical topics including business resiliency through challenging periods, talent acquisition and retention, Board makeup and management and the overall outlook for the agriculture and construction industries.  Paul Reitz joined Titan International, a leading global supplier of off-the-road wheel and tire products, in 2010 as CFO. Prior to Titan, Paul was Chief Accounting Officer at Carmike Cinemas, with previous roles at Yellowbook USA and Deloitte & Touche.  Paul earned an MBA in Business Administration and Marketing from the University of Iowa.   Discussion Points Titan offers a unique value proposition in a truly niche industry, while placing strong emphasis on connecting with their end customers as the pillar of the company’s strategy.Titan remains bullish on the long-term growth potential of the agriculture and construction industries, despite today’s challenging economic dynamics.A timely restructuring program in 2019 bolstered the company’s resiliency through the forthcoming COVID-19 pandemic and attendant global supply chain challenges.Patience and a commitment to invest time and resources in due diligence are the hallmarks of a winning M&A strategy.A diverse Board of Directors can be a meaningful tailwind for corporate decision-making.Industrial companies are not “stodgy old places that run down” but rather are a shining example of where technological innovation can have a significant impact.Successful talent acquisition and retention in the industrial sector requires identifying people who really buy into the company’s mission and objectives.   Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. Ayna.AI is an affiliate of Fernweh. The host of this episode, Gaurav Batra, is the President and CEO of Ayna.AI. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create “segment of one” leaders in the industrial and industrial technology sector.   For More Information Paul Reitz LinkedIn Titan International Website Book: The Titanium Economy Ayna.AI Website  Fernweh Group Website

Amelia.AI Founder and CEO Chetan Dube joins us again on the podcast, this time for a discussion of the meteoric rise of generative AI tool ChatGPT. Mr. Dube explains what ChatGPT can do well, and the scenarios in which you would not want to use it. He explains that even in the last 30 days, this tech has improved exponentially - with its open and free use enabling its data points and resources to increase and expand with lightning speed. Chetan Dube is the founder of New York City-based AI company Amelia, a deterministic model AI whose conversational technology provides customer service for about 500 corporate clients, including Telefonica, BNP Paribas, and Nordic Bank.   Discussion Points In the state of AI today, ChatGPT is the best generative AI product in the market.ChatGPT does have its own strengths and shortcomings, but with its rise, the world now acknowledges that AI is “real”.The brilliance of ChatGPT’s creative output is changing the game for certain industries that require massive and factual content creation, including reporting, legal writing, writing code, etc..The generative AI of ChatGPT vs. the deterministic tech of Amelia - each serves a certain purpose but can be mutually beneficial.The tech giants such as Google, Microsoft, etc and their uses for, and investments in, technology like ChatGPTWe are now in the “Spring of AI” and quickly moving into the Summer…signaling a surge in investing, use, awareness, and appreciation of the many applications of ChatGPT tech.   Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. Ayna.AI is an affiliate of Fernweh. The host of this episode, Nidhi Arora, is Vice-President of Ayna.AI. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create “segment of one” leaders in industrial and industrial technology sector.   For More Information Chetan Dube LinkedIn Open AI - ChatGPT Amelia.AI Ayna.AI Website  Fernweh Group Website

Omar Asali, Chairman and CEO of Ranpak, shares his viewpoints on the increasingly transformative role of technology in the industrial space. As head of Ranpak, a global leader in environmentally sustainable, protective packaging solutions, Mr. Asali is convinced that automation, digitization, robotics, and other enabling technologies will propel his and other large-scale industrial companies to provide higher-value, compelling, efficient and sustainable solutions for their customers. Since 1972, Ranpak’s mission has been to deliver sustainable protective packaging solutions that reduce costs, reduce environmental impact and support global business needs. Omar Asali became CEO in 2019 and has leveraged his broad industry background into the often siloed industrial sector.  One of his primary focus areas is bringing the best talent and technology to Ranpak, bolstering its reputation as an innovative leader in sustainable industrial supply chain solutions. Prior to Ranpak, Mr. Asali was CEO and President of HRG Group and Vice Chairman of Spectrum Brands.   Discussion Points The five-decade history of Ranpak highlights a consistent focus on both sustainability and automation / technology deployment.The impact of transforming internal and external systems into an updated technological mentality can be challenging, but certainly not insurmountable, in an industrial complex, where digital is “non-native”Ranpak is managing change by setting realistic timeline expectations and justifying the financial impact for customers.Focusing on the “E” of ESG is critical for the next few decades, and imperative if we are to be true stewards of our earth, its climate and the environment.Accessing talent in the Ranpak orbit includes partnering with smaller tech companies, investing strategically with VCs, along with incubating and retaining organic talent.   Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. Ayna.AI is an affiliate of Fernweh. The host of this episode, Gaurav Batra, is President and CEO of Ayna.AI. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create “segment of one” leaders in industrial and industrial technology sector.   For More Information Omar Asali LinkedIn Ranpak Website Ayna.AI Website Fernweh Group Website

Brian Ryks, Executive Director, and CEO of the Metropolitan Airports Commission (MAC), offers his firsthand view of the challenges airports face as they modernize infrastructure while meeting sudden shifts in passenger demand. Mr. Ryks lays out the current state of the aviation industry, the many opportunities to meet sustainability goals, his engagement with stakeholders to make airports customer centric, and reasons why he is optimistic about the future of airports and air travel. Mr. Ryks has been working at airports since 1986, when he started his career with a position as noise technician. He was involved in the expansion of the Denver International Airport and then moved to his first job managing an airport, in Aberdeen, South Dakota. After managing airports in Duluth, Minnesota, and Grand Rapids, Michigan, he accepted his current position at the MAC, where he is responsible for the administration and management of the Minneapolis St. Paul International Airport and the MAC’s six reliever airports.   Discussion Points Recent challenges—of which the COVID-19 pandemic was the most drastic—forced airports to live with uncertainty but also spurred a significant investment in technology and people.The future of airports will involve innovation, data, and technology, including real-time management of passenger flows.Sustainability is a key issue that airports, airlines, and their suppliers are addressing; the MAC, for example, has a goal to reduce carbon emissions by 80 percent by 2030.Important sustainable technologies at airports include electrification of vehicles, renewable-energy generation, and sustainable aviation fuels, combined with efficiency solutions such as performance-based navigation.Government support for infrastructure is broadly popular, but the CEO still needs to build trust with governments, local communities, and other stakeholders.Along with infrastructure needs, airport management must meet other key challenges—for example, talent development and supply chain management—to ensure the best possible service. Ayna Insights is brought to you by Ayna.AI—a managed service provider that combines domain expertise and transformation capabilities to create alpha—performance superior to market indices—in the industrial and industrial technology sector. Ayna.AI is a subsidiary of Fernweh Group. The host of this episode, Akshay Sethi, is Chief Transformation Officer at Dabico, a Fernweh Group portfolio company. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create “segment of one” leaders in industrial and industrial technology sector.   For More Information Metropolitan Airports Commission website: https://metroairports.org/ Brian Ryks on LinkedIn: https://www.linkedin.com/in/brianryks/ Fernweh Group: https://www.fernweh.com Akshay Sethi on LinkedIn: https://www.linkedin.com/in/akshay-sethi-527a1a20/

Bill Johnson, President & CEO of Welbilt, a global food service equipment company, shares his experiences of driving transformations during his many senior-level stints at various industrial companies. Bill highlights the importance of leadership engagement, creating financial transparency or “keeping score” on the impact of initiatives, upgrading talent, and embedding the new practices in day-to-day business, as key enabling factors for successful and sustainable transformations. As COVID-19 and labor shortages accelerated technology disruptions in the food service industry, especially with cloud kitchens, contactless food delivery, and smart kitchens coming into play, Bill discusses the need for traditional industrial businesses like food service equipment companies to transform into industrial technology-focused companies.  Tune in as Bill reflects on his learnings not only from leading successful transformations in the industrial equipment industry but also as a former nuclear engineer in the United States Navy. Discussion Points:  Welbilt’s recent sale to Ali GroupSupply chain challenges due to the pandemic and Welbilt’s responseDigitization of food service businesses during and post-pandemicWelbilt’s transition from traditional industrial to industrial technology companyBill’s path from a nuclear submarine in the Navy to the industrial equipment industryLearnings from Bill’s transformation efforts at various companies:Have big ears – listen Right-size first and change processes afterUpgrading talent – hire well and move transformation blockersLeadership engagement and presence – show up and make it important to youCFO as the scorekeeper on P&L impact  Bill’s interests outside work – golf and big game huntingNext steps in Bill’s career Fernweh Insights is brought to you by Fernweh Group. The host of this episode, Shekhar Varanasi, is Chief Operating Officer at Fernweh. This episode is part of Fernweh’s Industrials podcast series which focuses on transformational journeys of companies in the Industrials Sector, one of the most prominent sectors and the bedrock of the U.S. economy. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create alpha – performance superior to market indices – in the industrial and industrial technology sector.     For More Information Bill Johnson at Welbilt Bill Johnson on LinkedIn

Lewis “Lou” Von Thaer is President and CEO of Battelle, the world’s largest independent nonprofit applied science and technology organization. With a team of over 40,000 highly skilled and trained employees, Battelle provides companies and governmental agencies with comprehensive scientific solutions, serving multiple markets, including health care, industry, national security, infrastructure, and the environment.  Mr. Von Thaer describes what’s next in the R&D landscape as companies recover from the impact of the COVID-19 pandemic citing examples of practices that have contributed to Battelle’s success. He describes how small and midsize companies can get help in establishing a focus and thriving as the economic landscape changes. He also outlines the many ways that Battelle is working to develop the next generation of thinkers and doers through its education programs that mine talent from underserved populations in the community. In addition, he shares stories of his remarkable career path, innovations he has fostered, and challenges he has met. Discussion points: Greatest challenges in the innovation/R&D landscape, especially post-CovidBattelle’s dual mission set by its founder 100 years ago – research and giving back to the communityLou’s journey from blue-collar Kansas town to CEO of BattelleBattelle’s role in helping companies drive focused innovationsThe current talent gap and how Battelle is addressing itLou’s perspectives on key innovations five or ten years down the road   Fernweh Insights is brought to you by Fernweh Group. The host of this episode, Paolo Baldesi, is a Senior Vice President at Fernweh. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create alpha — performance superior to market indices — in the industrial/industrial tech sector.  For More Information Battelle website: https://www.battelle.org/ Lou Von Thaer on LinkedIn: https://www.linkedin.com/in/lou-von-thaer-1848b411/ Fernweh Group: https://www.fernweh.com Paolo Baldesi on LinkedIn: https://www.linkedin.com/in/paolo-b-a47b344/

Ludovic Phalippou is a specialist in asset management with a focus on investments in private-equity funds. He is a professor of financial economics at Oxford’s Saïd Business School, heads their FAME Group, and has strong links with senior practitioners in the industry. He speaks at practitioner conferences, appears in the media internationally, and is the author of Private Equity Laid Bare. Here, Professor Phalippou identifies the challenges of measuring PE funds’ performance and suggests ways of addressing those challenges. Noting that the relatively low degree of transparency in PE markets is hard to square with the relatively high management fees charged by the funds, he offers his perspective on a future in which investors will seek a greater degree of control over their investments. Discussion Points Professor Phalippou’s research into problems in measuring private-equity performance and his ideas for better metricsHis surprising findings from comparing private-equity funds with the S&P 500Drivers behind the PE industry’s record-breaking pace of raising fundsProfessor Ludovic’s expectations for evolution in the roles of PE firms and investors in PE fundsHis origin story as a rural French boy fascinated with how to foster economic growthHis upcoming book about a more sustainable direction for private-equity markets Fernweh Insights is brought to you by Fernweh Group. The host of this episode, Paolo Baldesi, is a senior vice president at Fernweh. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create alpha − performance superior to market indices − in the industrial and industrial technology sector. Disclaimer: The views, information, and opinions presented in this podcast are solely those of the individuals involved and do not necessarily represent those of Fernweh Group LLC or its affiliates. This Podcast should not be considered financial or investment advice. Fernweh does not verify for accuracy any of the information contained in this podcast.   Ludovic Phalippou on LinkedIn Private Equity Laid Bare (Ludovic Phalippou’s book)

Chetan Dube, founder, and CEO of Amelia, an industry-leading cognitive agent, has an ambitious goal: to free mankind from the shackles of mundane daily tasks and chores so creative minds can soar and create a better world for all of us. According to Chetan, with AI at a tipping point of exceeding human levels of comprehension, it is no longer a choice for businesses to use AI or not; it is a choice between adapting to a digital hybrid or dying slowly. Hesitancy and misconceptions about AI have long been a barrier to widespread adoption. One important way AI can help us right now is by bridging our current labor and talent gaps. Companies should consider how they can make their employees’ lives better and easier by using AI to take on the drudgery of mundane tasks that don’t require a human employee, which can only benefit bottom-line growth. Chetan’s passion for developing algorithms that will model the best of human thinking and behaviors is inspiring. Join us for a discussion about how AI is improving businesses and lives today and how it will transform our world in the near future. Discussion points: The state of AI today and the businesses most affectedDigital Darwinism in future businessIndustry success stories from the hospitality and gaming sectorsExpectations from AI five to 10 years from nowChetan’s journey from academia to creating a functional working AI system he named AmeliaDriving successful digital transformations at mid- and small-cap industrial companiesRisks that businesses face if they don’t adopt a digital hybrid model todayRole of AI in addressing the talent gaps arising from the Great ResignationChetan’s dream of using AI as the enabling technology to free humanity from mundane tasks Fernweh Insights is brought to you by Fernweh Group. The host of this episode, Paolo Baldesi, is a senior vice president at Fernweh. This episode is part of Disruption 2.0 series, where the focus is on how a new wave of technology is disrupting multiple sectors. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create alpha—performance superior to market indices—in the industrial/industrial tech sector. For More Information Chetan Dube website Chetan Dube on LinkedIn Fernweh Group Paolo Baldesi on LinkedIn

Brett Cope, president, and CEO of Powell Industries recounts his leadership of a 75-year-old family business with a can-do attitude. He shines a light on the importance of culture in enabling a small company to weather the many economic storms and stay on the path of continuous improvement and value creation despite business cyclicality. Powell Industries designs, manufactures, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy.  Drawing on nearly 30 years of experience in the electrical, automation, and process industries, Mr. Cope also shares his views on the state of the electrical energy equipment industry today and the electrical energy sector’s likely transformation over the next several years. Listen in as one of the pioneers in the electrical and automation space talks about weathering crises, embodying core values, attracting and keeping talent at a relatively small company, and being a nonfamily CEO of a family-owned business. Discussion points: Powell Industries and the nature of their businessCyclicality of the energy industry and Powell’s preparedness for itPowell’s weathering of covid and the ensuing wave of supply chain challengesOpportunities for Powell amidst the different trends shaping the electrical energy industry Brett’s career path to Powell, and the challenges of being the first non-family member to run the companyPowell’s culture as a key enabler to weather the many stormsBrett’s leadership and embodiment of Powell’s four core values: Customer First, Respect for our Employees, Continuous Improvement, and “Can-Do” AttitudeDriving Powell’s market performance now and in the futureAttracting and keeping talent at sub-$1Bn companyBrett’s predictions for the next 3-5 years and views on alternate energy sources vs. oil and gas Fernweh Insights is brought to you by Fernweh Group. The host of this episode, Danielle Isbell, is Manager of Operations at Fernweh. This episode is part of Fernweh’s Industrials series which focuses on transformational journeys of companies in the industrials sector, one of the most prominent sectors and the bedrock of the U.S. economy. Fernweh Group is an investment company that is adapting an engaged investor and operator model to create alpha – performance superior to market indices – in the industrial/industrial tech sector.   For More Information Powell Industries Website: https://www.powellind.com/Default.aspx Brett Cope on LinkedIn: https://www.linkedin.com/in/brett-cope-4a050b3/ Fernweh Group: https://www.fernweh.com