We would like to recognize and introduce Ed Auslander as a partner and advocate for business transformation and leadership development. He serves as a Senior Advisor for Blackstone’s Private Equity Group, providing strategic and operational counsel to its Specialty Chemicals, Specialty Materials, and Industrials practice. He is a recognized leader in the Aerospace, Industrial, Automotive, Noise-Vibration-Harshness, and Specialty Material/Polymer/Chemical Industries.
Ed served as Chief Executive Officer and Board Directors of LORD Corporation, a privately held, global innovation, and manufacturing company with 3,000 employees in 26 countries. He is a visionary leader who led an enterprise-wide cultural transformation (LORD Summits), resulting in LORD becoming a $1B revenue company in 2018. LORD Summits focused on the business’s core competencies (Performance Materials and Dynamic Systems), growth levers (commercial excellence, market/customer focused innovation, global collaboration, operational excellence, and M& A excellence), growth initiatives (aligned to industry, market, and technology trends using a Discovery-Incubate-Accelerate model), and the modernization of the governance structure to maximize shareholder value.
The cultural transformation emphasized speed, focus, empowerment, customer intimacy, collaboration, and execution to augment the strategy to achieve sustained profitable growth. Ed launched the LORD Leadership Academy to focus on executive leadership development, High Performance Team training, culture, and an enterprise-wide robust succession planning process. He also launched LORD’s Diversity and Inclusion initiative to emphasize that culture enables better teamwork, engagement, innovation, decision-making, and productivity, yielding a true competitive advantage.
In 2019, he led the sale of LORD to Parker Hannifin Corporation for $3.675B, unlocking significant value. Ed began his career at LORD in 1984 under the student Co-op Program. Throughout his career, he held numerous management and leadership positions across the company within the areas of Aerospace, Industrial, and Chemical Global Product Groups, including overseas assignments in France and England. While Vice President for Global Business, he implemented a global product portfolio optimization and business development adjacency (technology, product, industry, market, application, channel) strategies to accelerate profitable growth.
During his time as Global Director for Performance Process Materials, Ed implemented a growth strategy emphasizing innovation, new product development, new business development, and application marketing while also launching a supply chain risk mitigation strategy to improve profitability. While Global Director for Aerospace and Defense, he implemented strategies to improve customer intimacy, operational excellence and more innovative, sophisticated solutions which led to significant program wins, improved efficiency, and sensing/electro-mechanical system acquisitions. While European Industrial Commercial Director, Ed implemented business growth strategies that enabled revenues to increase over 300% in five years.
"We came up with six cultural elements that we wanted to emphasize. The first one was speed, focus, empowerment, customer intimacy, collaboration, and execution. By focusing on the leadership that owns the culture of the company can augment the strategy and drive the company forward."
Interview with Ed Ausl ander, former CEO of LORD Corporation sponsored by the Leadership and Transformation Podcast
He earned a bachelor's degree in Mechanical Engineering from the Pennsylvania State University and his Master of Business Administration degree from the Pennsylvania State University, Erie, Black School of Business. In 2009, he graduated from the Chicago Booth Executive Institute. Ed is an active member in the aerospace industry, most recently having served on the Aerospace Industries Association Executive Committee and the Board of Trustees of the Naval Aviation Museum Foundation.
Additionally, he served on the LORD Foundation Board of Directors for California and Massachusetts. He is a member of the American Society of Mechanical Engineers, the National Association of Corporate Directors, and Penn State Behrend’s Council of Fellows.