Institution of Mechanical Engineers IMechE

Hugh Ford Management Lecture 2013 - Innovation, entrepreneurship, management and leadership in an engineering company

20 February 2013

Presented by Chris Rea OBE, BSc, CEng, FIMechE, DL, Managing Director, AESSEAL

Chris' presentation will cover his journey to entrepreneurship, product, process and marketing innovation. A leader for thirty years, join Chris as he discusses sustaining an intrapreneurial culture as an organisation grows.

How can entrepreneurial and innovative ideas be managed best? When might the entrepreneur or original initiator of the "business model" not be most effective in leading change? How can innovative companies retain an intrapreneurial culture?

With examples from manufacturing and the oil and gas industry, understand how innovation and management theory matches the practice. Chris will also analyse leadership and some of the traits that encourage others to choose to follow.

Presented by Chris Rea OBE, BSc, CEng, FIMechE, DL, Managing Director, AESSEAL

Chris Rea is the Managing Director of AESSEAL, the world's fourth largest; and the UK's last remaining - mechanical seal manufacturer. Chris graduated in economics from Queen's University Belfast, and has spent over 30 years growing AESSEAL. The Group now has 1460 employees, operating from 77 locations in 34 countries. 2012 sales were in excess of £130 million and the Group expects to exceed £150 million in sales in 2013. All of AESSEAL's product development, process development and information technology, and more than 90% of manufacturing, is based in the UK.

Since 1979, through hard work and determination, this small business has thrived. Creating its own modular seal design, slashing lead times from weeks to hours, and winning award after award, AESSEAL are now the fourth largest mechanical seal manufacturer in the world and have been the overall winner of the Institution's MX Awards twice in the last decade.

Clips:

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: Chris Rea OBE, BSc, CEng, FIMechE, DL, Managing Director, AESSEAL

Duration: 1hour