A Comprehensive Review of a Successful Transformation: LORD Corporation

By mid-2016 LORD Corporation—a privately held diversified manufacturing company was on track for its second consecutive year of declining sales. The CEO and members of the executive team required a transformation. A new initiative was begun in September 2016 that would later become known as “LORD Summits" which aimed to achieve sustained profitable growth. LORD Summits encompassed a transformation process involving over 50 executives directors and senior managers, including the CEO.

The results of the LORD Corporation transformation were stunning. LORD went from roughly $850 million in sales in 2016 to well over a billion by 2018, over a two-year period a 20% increase in sales and a 70% increase in profitability. By the end of 2018, LORD was in the best financial position in its history, with a portfolio that supported a continuation of significant growth through 2023.

cover page for lord corp.PNG

Click here to view the full PDF written by Steven Rayner, Chief Transformation Officer at Ascension Transformation Solutions.

Click here to download the full PDF.

All Rights Reserved

Interview of Steve.png

Listen to Steven R. Rayner, NCW's change and corporate storytelling consultant, on the transformation of A&D supplier LORD Corporation in 2017

RELATED ARTICLES

ATS_White Logo (horizontal).png

Monday - Saturday, 7am to 6pm

1213 W Slaughter Lane Unit 100

Austin, TX 78748

 

469.608.1517

Info@AscensionTS.com

Stay connected with us! 

  • Facebook
  • Spotify
  • YouTube
  • Instagram
  • LinkedIn

© 2020 Ascension Transformation Solutions, INC