New Co-Owner and Partner, Luke Faulstick, Will Join Power Partners as President and CEO
5th January 2012 | 20 Comments
A fantastic excerpt from the D5 conference with Steve Jobs and Bill Gates. Steve Jobs shares his advice or "secret" to make successful companies Video Rating: 4 / 5
Athens, GA (PRWEB) December 12, 2011Power Partners, Inc. (http://www.powerpartners-usa.com) announced today that Luke Faulstick will be the new co-owner, President and Chief Executive Officer of the company, effective February 6, 2012. Faulstick will be partnering with Steve Hollis, who has served as President and CEO of Power Partners since 2003 and will become Chairman of the company and Executive Vice President for Development.
Hollis and the late Dr. Sherrie Ford, who died in April of this year, bought a manufacturing plant from ABB in 2003 that is now known as Power Partners. Hollis and Ford first met Faulstick when he developed a reputation for catalyzing team-building and quality management successes as plant manager for a Mitsubishi Consumer Electronics two-plant site in Braselton, GA, in the mid-1990s, and he has served as an advisor to Hollis and Ford since 2003.
Faulstick comes to Power Partners from DJO Global, a leading global provider of high-quality orthopedic devices used for rehabilitation, pain management and physical therapy, where he has been Executive Vice President and Chief Operating Officer since 2008. He joined DJO in 2001, and before that, he worked at Tyco Healthcare, Mitsubishi Consumer Electronics and the Eastman Kodak Company. While at DJO Global, Luke helped grow the company ten-fold and built DJO into a six location, global enterprise. Faulstick’s global operations teams and manufacturing plants have won numerous awards, including the Shingo Prize for operational excellence in 2005, 2008, and 2011; Industry Week’s Best Plants in 2005 and 2007; and the Association of Manufacturing Excellence Operational Excellence Award in 2010 and 2011. The Best Places to Work Institute selected DJO’s 2000-employee plant in Mexico as the best place to work in all of Mexico in 2010 and second on its Best Places to Work list in 2011.
Faulstick received a B.S. in engineering from Michigan State University and an M.S. in engineering from Rochester Institute of Technology. He served as Chairman of the Board of Directors for the Association of Manufacturing Excellence from 2009 to 2011 and is a Certified Board of Director through the UCLA Anderson School of Business.
“We are delighted that Luke is joining the Power Partners team,” Steve Hollis said. “His talent, drive and ability to make believers of employee teams have turned a number of organizations into world class lean enterprises. Power Partners has long benefited from his advice, and with him now becoming a co-owner and partner, his impact will be even greater.”
With Faulstick on board, much of Hollis’ focus will be on the growth of Power Partners’ existing business lines, the customer relationships that drive these lines, and the development of new markets, work culture and people.
About Power Partners
Power Partners is a leading manufacturer of overhead distribution transformers, serving utility, industrial and commercial customers in North America, Central America, Mexico, the Caribbean and other markets. More than 8 million transformers have been produced at the company’s manufacturing facility in Athens, GA, over its 50-year history. Power Partners offers the shortest manufacturing cycles in the industry and has a stellar track record of responding to storms with fantastic speed. More recently, Power Partners has been producing ECO-MAX adsorption chillers and solar water heating systems. Power Partners is a partner in the EPA's Combined Heat and Power Partnership (CHP) and in the Green Supplier Network. The company is ISO 14001: 2004 certified.
Recently, SJF Institute and Citi Foundation named Power Partners one of the seven 2011 winners of the Green Jobs Award for its contributions to the economy and the environment. The company also received the Excellence in Sustainability award at the 2011 Manufacturing Innovations Conference, a national event sponsored by the National Institute of Standards' Manufacturing Extension Partnership (MEP). Power Partners was honored for its breakthrough, environmentally responsible products, including ECO-MAX adsorption chillers and solar thermal products, and for the energy saving measures it utilizes in its manufacturing facility.
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Why Companies Decline By John Reeves | More Articles At the end of Walter Isaacson's biography of Steve Jobs, we hear directly from Jobs about his legacy. Among the topics he considers is why companies decline. Ultimately, Jobs feels that companies decline when the salesmen ... Read more on Motley Fool
Tags: CoOwner > Faulstick > Join > Luke > Partner > Partners > Power > President
Comments
20 Responses to “New Co-Owner and Partner, Luke Faulstick, Will Join Power Partners as President and CEO”
January 5th, 2012 @ 4:09 am
Steve Jobs secret to what “he” defines as world success is illuminati.(don’t bother looking in the encyclopedia for that word, they took it out) It’s garbage because you lose your soul and what is of most importance?..It’s your soul.It’s not money, power or whatever you mark as success.Life is small.Flesh rots away on this earth.Your soul goes to either heaven or hell when you die. Jesus is the only way to eternal life.Read John 14:6.
January 5th, 2012 @ 4:32 am
I want to be richer than Bill Gates. If every person on the planet sends me 10 dollars Ill be richer than him. Please send money to neil.fingleton@yahoo.com via paypal. Please thumbs up this message to make this goal happen. The word is spreading. Email me at neil.fingleton@yahoo.com for alternate payment.
January 5th, 2012 @ 5:04 am
is this guy alive again?
January 5th, 2012 @ 5:11 am
Really right.
January 5th, 2012 @ 5:37 am
@Innovater6 yup…most rich people work so much, they don’t spend time on anything but WORK. that’s the way it is…capitalistic competition requires the competitors to always try to attack and counter attack. there’s no rest. that’s why you have to be passionate about what you are doing or else you are going to just crash and burn out.
January 5th, 2012 @ 6:27 am
@dalecampbl9 he never spent time at his home thats why
January 5th, 2012 @ 6:32 am
I said he’s not “greedy” like a HUGE BANK CEO. It doesn’t matter…Jobs could’ve had EVEN MORE if he wanted to. Didn’t he work for a $1 during his last few years? Jobs did charge a lot of his products, but his personal wealth, his HOME, looks pretty modest for a billionaire.
January 5th, 2012 @ 7:11 am
@dalecampbl9
…. Jobs had a net worth of over 8 billion bucks and you say that’s NOT greedy ????? Reckon about it, EIGHT BILLION DOLLARS !! He charged exorbitant prices for his products and accessories.
Thanks for the laugh, rolling my eyes.
January 5th, 2012 @ 7:47 am
@cheeriosinabowl i wouldn’t say he’s “greedy” like a HUGE BANK CEO. I reckon JOBs was competitive and he was going to make his company profitable by making the best products. I reckon there’s a huge difference between his ‘competitiveness’ which may be measured by financial success than from the greed of Wall St. This is why people don’t protest at Steve Jobs house.
January 5th, 2012 @ 7:57 am
this guy is incredible.
January 5th, 2012 @ 8:40 am
Steve was one of a kind and will be remembered forever, the passion and like that he gave to his projects is unmatched and that’s way we like his inventions too, we will miss you steve.
January 5th, 2012 @ 8:48 am
@888peanut888
…. I never said he was a genius or not. Of course, the guy was very smart, sharp, resourseful, etc. But he was very well compensated (financially) for his “genius”. ALL Apple products and their countless accessories sold in their stores and website are very expensive, he never gave the customer a break financially. The customer paid thru the nose for Apple productsa and accessories. That’ what ticked me off about Jobs.
January 5th, 2012 @ 9:25 am
@cheeriosinabowl no…. the man was a genius. they kicked him out of apple and he went of and formed 2 new billion doller companies. one was pixar which made toy tale. walt disney bought pixar. he is now walt disneys greatest share holder. he also made NeXt. a company bought by apple and their technology was used to make the OS opperating system. when they kicked him out he showed the company how clever he is and they straight away hired him again. steve job is pure genius
January 5th, 2012 @ 10:25 am
Steve Jobs was just another greedy CEO who had a net worth of over 8 Billion dollars when he died.
RIP buddy.
January 5th, 2012 @ 10:49 am
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January 5th, 2012 @ 11:32 am
@ARDBOD13D
Bill Gates is a nerd, yes. What is your point?
January 5th, 2012 @ 12:02 pm
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January 5th, 2012 @ 12:21 pm
Yeah bill gates might be a nerd but you can’t say much coz you’re probably sat on your scruffy chair clicking keys while he’s playing golf
January 5th, 2012 @ 12:30 pm
@ARDBOD13D I agree but he’s a very successful (understatement) nerd on the other hand Steve was a rock star in the tech world & his vision, drive & hard work changed the world. His advise & life tale so very inspiring.
January 5th, 2012 @ 12:51 pm
So the No.1 question you have to question yourself….What makes you passionate?….(lol…I’m still not sure). But I envy people that do.