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Practical Lessons from a Great CEO
Manage episode 428633591 series 3558957
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Jim Schleckser introduces Kirk Aubry, highlighting their long-standing friendship and Kirk's career trajectory from an ad agency to a Chief Strategy Officer at Textron and now CEO of Savage, a logistics company. Savage, founded 80 years ago by three brothers, has grown from a single truck to a global company with 4,200 team members and 225 locations. They handle the transportation of bulk products, such as petroleum coke and grain, which are critical to their customers' operations.
Kirk discusses the challenges of running a low-margin, capital-intensive business and how Savage has carved out a niche in handling difficult materials. The company owns and operates its own trucks, railcars, and equipment, which differentiates it from traditional logistics businesses. Savage has grown significantly, reaching $4.5 billion in revenue.
One key to Savage's success is their focus on leadership talent, especially at the local operation level. They created the "On Deck" program to train and prepare future managers, ensuring a consistent and scalable leadership pipeline. Kirk emphasizes the importance of a strong cultural foundation, rooted in the company's Vision and Legacy statements, distilled into three guiding principles: Do the right thing, find a better way, and make a difference.
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