Intelligent Growth: WIKA’s story of how it doubled sales and grew profitability 10x in 8 years
Sponsored by: TBM Consulting Group
Date: 6 December
Time: London 2PM / New York 9AM
Building a business process for smart, sustainable growth
Today’s ever-changing, global market offers unique and complex challenges for organizational improvement. To be competitive, you must change the way you operate and growth is not an option but a prerequisite. Join our webinar and learn about intelligent growth and how to build a sustainable business process that is focused on delivering value to customers and driving innovation.
Lean practices enabled WIKA, a leading international manufacturer of pressure gauges and other critical measurement instruments, to respond quickly to market declines and grow significantly, even during global economic recession. WIKA doubled revenue in eight years by leveraging lean to beat out low-cost manufacturers abroad. Profitability grew by more than 10 times the same period. Market-based growth, operational dexterity, superb execution, and committed associates are hall-marks for their success.
Join our webinar and learn how to align strategy with execution. Intimacy with your customers and suppliers as well as a measurement system that aligns improvement to profitability, revenue growth and cash flow are key factors for success.
Gary T. Hoover,
Vice President EMEA & India at TBM
Gary joined TBM from Intel Corp. He was a Manufacturing Manager at Intel’s Fab11 facility in New Mexico. He later led worldwide capacity planning during Intel’s steepest production ramp to support Y2K demand levels.
After joining TBM in 2002, Gary has been responsible for some of TBM’s largest global transformations. At Nike, he led the Apparel division’s supplier development program involving 27 suppliers worldwide. He played a major role at multiple site transformations like Saint Gobain, Caterpillar, Armstrong. Gary works with numerous private equity clients and their portfolio companies.
President at WIKA Instrument Corporation
Michael Gerster joined WIKA Instrument Corporation (WIKA) in October 1998 as President. In this role, Gerster is responsible for guiding senior staff leaders on continuous improvement initiatives, creating constant, sufficient customer contact and ensuring WIKA delivers on all of their core values.
Prior to joining WIKA, Gerster served as Strategic Leader at Rotarex in Luxembourg. Gerster originates from Cologne, Germany where he earned a Mechanical Engineering degree in Tooling Machines from the University of Cologne and a Bachelor’s degree in Business Administration from Siegen University. Gerster reports directly to Alexander Wiegand, Chairman and CEO of WIKA Alexander Wiegand SE & Co. KG and leads on the Steering Committee.
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Key Learning Objectives
- Install measurement systems that generate improvements to profitability, revenue growth & cash flow
- Pinpoint customer needs and align your activities and supply chain accordingly
- Integrate and deploy lean strategically for growth in earnings & sales
- Secure emotional commitment at all levels and in all operations of the organization
- CEO/President/Chairman/Executive Director
- Other C-Level Position
- Laboratory / R&D Management
- Production / Process Development
- Senior business leaders including CEOs
- Division heads responsible for delivering shareholder returns and creating sustainable stake holder values.