Rick Busch
Chief Executive Officer at AEM, Inc.- Claim this Profile
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Bio
Experience
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AEM, Inc.
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United States
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Appliances, Electrical, and Electronics Manufacturing
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1 - 100 Employee
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Chief Executive Officer
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Sep 2021 - Present
San Diego, California, United States AEM designs and produces mission-critical, passive circuit protection components through two divisions. AEMI provides best-in-class, high-reliability fuses, ferrite chip beads (HRB), and tin whisker mitigation (TMW) products for satellite, defense, and aerospace applications. Its products, which are often custom and application-specific in nature, are used in harsh, technical environments where performance is mission critical. AEMC provides high-end SolidMatrix® and AirMatrix® surface mount… Show more AEM designs and produces mission-critical, passive circuit protection components through two divisions. AEMI provides best-in-class, high-reliability fuses, ferrite chip beads (HRB), and tin whisker mitigation (TMW) products for satellite, defense, and aerospace applications. Its products, which are often custom and application-specific in nature, are used in harsh, technical environments where performance is mission critical. AEMC provides high-end SolidMatrix® and AirMatrix® surface mount (SMD) fuses and inductive components for commercial applications, including IT, visual display, automotive and EV, power tools, lithium battery, 5G, IoT, security devices and telecom. The division focuses on providing complex, highly-engineered components for use in safety critical applications which demand superior performance specifications and smaller form factors. Show less
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Industrial Growth Partners
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United States
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Venture Capital and Private Equity Principals
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1 - 100 Employee
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Operating Consultant
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Jan 2019 - Aug 2021
Orange County, California, United States IGP has raised $2.2B in equity capital since 1997 for investment in industrial sector businesses with a focus on engineered products and niche service companies. Providing transition leadership for portfolio companies and due diligence expertise for potential Defined and executed an investment thesis targeting Aerospace industry component suppliers
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CEO
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Jan 2015 - May 2018
Irvine, CA A private equity owned manufacturer of flexible braided hose assemblies, tubes and ducting for high stress applications in the Space and Aerospace markets. Sells direct to major OEMs and Tier1 aerospace companies. Transformed the business to a customer centric and growth focused organization. Delivered a 33% annual growth CAGR, 66% IRR to investors and a 410% return on capital
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COO, Chief Operations Officer
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Apr 2013 - Sep 2014
Irvine, CA Led a portfolio of 8 companies in developing growth strategies and achievement of financial targets. Prepare business for sale by improving business performance trends, creating a centralized organization structure, establishing a common business operating system, and deploying a new growth strategy.
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Eaton
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Ireland
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Appliances, Electrical, and Electronics Manufacturing
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700 & Above Employee
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Vice President, Manufacturing Operations
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Mar 2010 - Mar 2013
Irvine, CA Senior Operations Executive responsible for the direct leadership of 27 aerospace manufacturing locations and 5500 employees in the US, Europe, Mexico and Asia. Develop and execute manufacturing strategy and manage performance of all Operations functions including SCM, Manufacturing, Quality, CI and EHS.
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Vice President & General Manager, Aerospace Group
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Jan 2007 - Mar 2010
Jackson, MS Led the Hydraulic System Division $500M P&L in the execution of a growth strategy to transition from high technology component capability to systems integration, and expanded the component and aftermarket services portfolios. Managed 1400 employees in 6 sites in the US, UK and India in support of Boeing, Airbus, Lockheed and Northrop and all major airlines as customers.
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General Manager, Aerospace Fluid Power Division
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Dec 2002 - Jan 2007
Jackson, MS Led Fluid Power Division $240M P&L with manufacturing component sites in the US and UK, and a US based machining center for the Eaton Aerospace group. Made significant organization, structural and process changes to the operations to transform the business.
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SPX FLOW, Inc.
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United States
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Industrial Machinery Manufacturing
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700 & Above Employee
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Vice President & General Manager, Large Power Transformers
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May 2000 - Dec 2002
Milpitas, CA Led Large Power Transformer Division $120M P&L with 410 employees. Responsible for vertically integrated manufacturing, supply chain, engineering, marketing and sales. Business was recently acquired and led integration activities and development of business strategic plan.
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CNH Industrial
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Machinery Manufacturing
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700 & Above Employee
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Plant Operations Manager, Large Tractors
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May 1998 - May 2000
Racine, WI Led large HP tractor plant with revenues of $1.2B and 800 people. Responsible for operational P&L, manufacturing processes, manufacturing engineering, quality, and materials. Championed a cultural and performance turn around in a UAW facility with significant operational issues
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GE
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United States
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Industrial Machinery Manufacturing
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700 & Above Employee
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Plant Manager
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Jun 1995 - May 1998
Jonesboro, AR Plant Manager, GE Motors – Jonesboro, AR Managed $45M P&L motor plant with 370 union employees producing 5.5M refrigeration motors. Pilot site for lean flow in GE Motors. Improved ROS from 7% to 14% and OTD from 84% to 98%. Manager, Engineering & Quality, GE Motors - Jonesboro, AR Program Manager, GE Appliances - Bloomington IN Team Leader, EHS GE Appliances - Bloomington, IN Advanced Manufacturing Engineer, GE Appliance –… Show more Plant Manager, GE Motors – Jonesboro, AR Managed $45M P&L motor plant with 370 union employees producing 5.5M refrigeration motors. Pilot site for lean flow in GE Motors. Improved ROS from 7% to 14% and OTD from 84% to 98%. Manager, Engineering & Quality, GE Motors - Jonesboro, AR Program Manager, GE Appliances - Bloomington IN Team Leader, EHS GE Appliances - Bloomington, IN Advanced Manufacturing Engineer, GE Appliance – Bloomington IN Manufacturing Management Program, GE – Circleville OH, Louisville KY Show less
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Education
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Indiana University - Kelley School of Business
Master of Business Administration (M.B.A.), Finance & Operations -
University of Cincinnati
Bachelor of Science (BS), Mechanical & Industrial Engineering