By Catherine Landgraf
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June 27, 2024
Business Unit President ABOUT THE COMPANY In business for over 80 years, Research Products Corporation is a large, privately held, national leader in indoor air quality solutions that creates healthy environments where we live, work, learn, and play. Through our companies AprilAire, DriSteem, Anden, and RP Filters we seek to provide customers with exceptional service and superior products for both residential and commercial applications. ABOUT THE ROLE The President will lead our commercial HVAC IAQ businesses: DriSteem, Anden and RP Filters. Reporting to the CEO Research Products, the President will be fully accountable for the P&L of these businesses. The role will ensure the commercial businesses meet or exceed annual revenue and profitability goals, as well as provide leadership to grow, prepare for, and achieve longer term growth objectives. This includes driving growth using each of the four RP growth strategies – Core - Build – Innovate - Partner. Direct reports to this role include the President of DriSteem , the General manager of Anden, and the General manager of RP filters. This commercial team is focused on business strategy, growth, and optimization that includes support from functional leads in RP operations, engineering, finance, HR, and IT. This team will foster and promote our vision for leadership, double digit growth and our mission to deliver healthy more productive indoor air environments where we work, learn, and play. They will demonstrate a bias for process and actions to identify synergies that support growth, operational excellence, and reinforce a One Team RP winning culture. DELIVERABLES Set growth and execution strategy for the overall commercial group as well as the business entities within the group. Formulate and implement a strategic and annual operating plan that will drive profitable growth for the business while working closely with the CEO, other members of management, to meet long-term objectives and financial targets including double digit revenue and EBITDA growth. Lead, develop and build a high performance level 1 and 2 leadership team and supporting cross-functional teams to support double-digit revenue and EBITDA growth. Identify and develop internal talent and future leaders for succession planning of key leadership roles within the group. Establish a growth mindset. Bring a hands-on approach to creating and maintaining customer relationships, understanding industry trends and opportunities to position the company for strategic growth with existing and new customers. Effectively manage these customers and look for areas to increase both the depth and breadth of those relationships. Align direct and indirect support resources across functional teams to support business priorities for the commercial group overall while collaborating with other RP entities and supporting the overall RP vision, strategy and mission. Develop and execute short and long-term sales, marketing, and product plans and ensure brand alignment. Develop and execute short and long term margin improvement plans that include rigorous pricing, cost, and productivity management. Raise the performance bar by energizing the organization around a high standard of operational excellence to drive improved cost, quality, and on-time deliveries, while still bringing a market-oriented perspective. Provide financial forecasts, implement controls to operating plan to optimize revenue and profit, minimize risk, and oversee the allocation of resources to ensure optimized overall profitability of the group. RESPONSIBILITIES Lead the Commercial businesses to meet or exceed annual revenue and profitability goals. P&L responsibility for entire IAQ commercial group. Provide leadership to prepare the business to achieve longer term growth objectives including innovation initiatives to drive growth in new, adjacent and existing markets. Manage, align, and develop a multi-site and expanding team including support from Operations, Engineering, Marketing, Sales, Human Resources and Finance to develop and execute strategies. Drive positive cultural change in the organization to achieve improvements in growth, productivity and financial performance from a single digit to a sustainable double digit performance level. Promote collaboration with RP and Aprilaire. Leverage synergies and integrate where it makes sense for win/win business strategy alignment. Demonstrate a results-oriented management style that measures and evaluates individual performance against clearly defined accountable competencies, responsibilities, and objectives. Support M&A due diligence and the process of acquiring complementary businesses. Successfully lead integration of those acquisitions. Ensure that the outstanding record of safety, quality, health, and environmental performance of the company is maintained or improved, and implemented in line with applicable laws, regulations, and policies. Represent and advocate the company externally at meetings with customers, government officials, community, financial lenders, and other key external constituents. PROFESSIONAL EXPERIENCE AND QUALIFICATIONS 15+ years’ senior leadership experience with ultimate accountability for a P&L. Demonstrated history of double digit profitable revenue growth with P&L exceeding $100M revenue. Experience developing and executing strategic and commercial business plans. Experience in HVAC or other commercial building systems industries, and/or closely related industries. Experience in product line management, go-to-market commercial, and operations management. Extensive experience developing financial forecasts, managing revenue and operating expense plans at leadership level. Experience building, leading and expanding a commercial business including internal resources, external strategic partnerships, capital infrastructure plans and presenting to Board of Directors or investors. Preferred experience participating in the M&A process. Strong prioritization, project management and communication skills with the ability to manage diverse, simultaneous projects of varying complexities. Demonstrated cross-functional collaboration – strong in forging relationships across groups and driving buy-in and commitment towards solutions that may be challenging or new. Strong influencing skills working across functions and geographically dispersed teams. Demonstrated ability to make quality and timely decisions, even amid ambiguity. Results-oriented, organized, able to handle changing priorities in a high-growth environment. Humble, unselfish leadership style. Derives satisfaction from player/team development Interested in Learning More? 180one is a retained search firm and has been engaged by Research Products Corporation to manage this search. If interested in learning more about the opportunity, please contact Tom Haley / 503-334-1350 / tom@180one.com