A smart grid leader gets a new leader
Quick take: We think S&C is one of the sector's most intriguing companies. First, it is employee-owned, which lets it take a long-term view without the pressures that come to publicly-owned companies. Second, it is very engineering-centric, which gives it a practical, technical world-view. Third, it has a history of innovation, which makes it prone to pioneering new approaches. As a result, it's worth paying attention to its strategic initiatives, since they often point to new areas with a solid technical underpinnings and long-term potential. On paper, the new leader's background (which you can read about below in the press release on page 2,) seems to be a good fit with this history. â€“ Jesse Berst
Kyle Seymour, who has been on the S&C Electric board of directors since 2010, has been appointed president of the company, succeeding John Estey, who will continue full time as S&Câ€™s executive chairman.
â€œI believe Kyle not only understands, but very much values the unique culture, history and guiding principles that have helped make S&C a success. Kyle has my unqualified support,â€ said Estey.
Seymour has a background in leadership and manufacturing, most recently as president and CEO of XTEK., an employee-owned manufacturer of heavy-duty mechanical components for steel rolling mill drives and overhead cranes. He was there 11 years.
â€œElectric power systems are essential to economic vitality and quality of life, and I am honored to lead a company with a century-long history of innovating solutions to the most challenging power delivery problems,â€ said Seymour. â€œS&C is inventing some of the best products and solutions to meet 21st century demands, and I look forward to continuing that tradition.â€
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S&C Electric Company Appoints Kyle Seymour as New President
S&C Board Member Will Lead Ongoing Innovation of Power Delivery Solutions
CHICAGO, Jan. 8, 2013â€”S&C Electric Company, a smart grid leader shaping the future of power delivery, today announces the appointment of Kyle Seymour as S&C president. Seymour, who has served on S&Câ€™s board of directors since 2010, succeeds John Estey, who will continue to serve full time as S&Câ€™s executive chairman. Seymour and Estey will work closely together to ensure a smooth, stable transition for customers and employees.
Seymour brings extensive leadership and manufacturing experience to S&C. He most recently served as president and CEO of XTEK, Inc., an employee-owned manufacturer of heavy-duty mechanical components for steel rolling mill drives and overhead cranes. Seymour has held this role for 11 years. Similar to S&C, XTEK brings industry-leading products developed for application in extremely demanding environments to customers worldwide.
â€œElectric power systems are essential to economic vitality and quality of life, and I am honored to lead a company with a century-long history of innovating solutions to the most challenging power delivery problems,â€ says Seymour. â€œS&C is inventing some of the best products and solutions to meet 21st century demands, and I look forward to continuing that tradition.â€
Beyond significant leadership experience, Seymour shares a commitment to employee ownership, as well as S&Câ€™s mission of developing and manufacturing reliable products and delivering integrated solutions that provide the best long-term value to S&Câ€™s customers.
â€œI believe Kyle not only understands, but very much values the unique culture, history and guiding principles that have helped make S&C a success. Kyle has my unqualified support,â€ says Estey.
â€œWhether itâ€™s grid automation technology, energy storage systems, or traditional switching and protection solutionsâ€“ to name a fewâ€”our customers want grid technology that provides better reliability while increasing grid efficiency and capacity. Reliability and efficiency are critical in our digital world,â€ says Seymour.
Seymour has also served on the board of directors of Hardinge, Inc., and as Chairman of the AGMA Foundation. He holds a bachelorâ€™s degree in mechanical engineering from the Georgia Institute of Technology and a Master of Business Administration degree from Harvard. Seymour also served five years in the U.S. Navy, during which time he earned the equivalent of a masterâ€™s degree in nuclear engineering from the Bettis Reactor Engineering School.
As executive chairman, Estey will focus on S&C customers around the world and external stakeholders including industry organizations, community relations, and legislators and regulators whose policies greatly affect the power industry.
About S&C Electric Company
S&C, headquartered in Chicago, IL, is applying its heritage of innovation to address challenges facing the worldâ€™s power grids and is thus shaping the future of reliable electricity delivery. The mission of employee-owned S&C is to continually develop new solutions for electricity delivery, fostering the improved efficiency and reliability required for the intelligent grid. Additional information about S&C is available at www.sandc.com.