In this episode of Nuts and Bolts of Leadership, host Billy Duren sits down with Ray Brown, CEO and board chair of Scintilla EG holding company, which leads the Esco Group. Ray shares how the company's three unique business units, electric, automation, and safety, work together while embracing their own cultures. He explains why a holding company model allows each group to shine, drive innovation, and attract new opportunities through mergers and acquisitions.
Ray and Billy delve into why automation and AI are crucial for manufacturers, not to replace workers, but to meet the increasing demand as older generations retire and fewer young people enter the workforce. Ray stresses how curiosity, permission to try (and fail), and employee ownership fuel Esco's culture of growth. He also discusses the importance of community involvement and shares stories about Esco's support during local crises.
For businesses facing workforce and technology challenges, Ray's advice is to invest in people, encourage curiosity, and create lasting value for employees and their families. This episode is packed with real-life leadership wisdom and inspiration for helping teams grow and succeed together.
3 Key Listener Takeaways
1. The Importance of Cultivating Distinct Cultures Within Business Units
Ray Brown explains the decision to adopt a holding company model, emphasizing that different business units often have unique cultures and operational styles. By allowing each to develop its own identity, Esco Group empowers its teams to excel and fosters innovation tailored to their distinct workforces and client needs.
2. Staying Curious Fuels Innovation and AI Adoption
Ray highlights curiosity as a core value, driving both personal and organizational growth, particularly in the adoption of new technologies such as automation and AI. He encourages leaders to model curiosity, share use cases, and give employees permission to experiment and even fail, all of which help demystify new tech and build a culture ready to adapt and improve.
3. Investing in People Creates Lasting Value
Throughout the conversation, Ray and Billy stress that people are at the heart of successful organizations. Whether through mentoring, leadership development, or supporting employees during community crises, investing in people not only strengthens organizations but also creates a positive ripple effect for families and the broader community. This people-first focus is central to both Esco and the broader employee ownership movement.
Show Overview
00:00 ESOP Strategy: Exploring Holding Companies
06:16 Ray Brown: A High-Energy Innovator
07:35 Origins of Esco Automation
12:26 Scaling AI for Organizational Efficiency
13:51 Teaching Leadership Through Experience
19:12 Holistic Career Development Journey
21:35 Understanding Millennial and Gen Z Communication
26:04 Dedicated Leadership and Employee Ownership
30:12 Community Resilience and Support Strategies
32:29 Fostering Leadership and Growth Strategy
36:19 Strategic Business Planning Approach
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Cardiac Cowboys
The heart was always off-limits to surgeons. Cutting into it spelled instant death for the patient. That is, until a ragtag group of doctors scattered across the Midwest and Texas decided to throw out the rule book. Working in makeshift laboratories and home garages, using medical devices made from scavenged machine parts and beer tubes, these men and women invented the field of open heart surgery. Odds are, someone you know is alive because of them. So why has history left them behind? Presented by Chris Pine, CARDIAC COWBOYS tells the gripping true story behind the birth of heart surgery, and the young, Greatest Generation doctors who made it happen. For years, they competed and feuded, racing to be the first, the best, and the most prolific. Some appeared on the cover of Time Magazine, operated on kings and advised presidents. Others ended up disgraced, penniless, and convicted of felonies. Together, they ignited a revolution in medicine, and changed the world.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.