The Evolution of Steering Ahead
Amid his pivotal role at Nexteer Automotive in steering the future of autonomous vehicles, President Mike Richardson finds solace in nurturing 20 acres of land in northern Michigan, complete with forests and ponds. "I have a garden," he shares with The CEO Magazine, "and I'm dabbling in winemaking. It's not the best, only my mother enjoys it, but it's my escape, and I'm grateful for it." Leading a global business specializing in steering and driveline systems, Mike reflects on Nexteer's rich history and eagerly anticipates the potential for further achievements in the years ahead.
The Nexteer journey traces back over a century, evolving through various incarnations to its present form. Founded as Jackson, Church & Wilcox Co. in 1906 in Saginaw, Michigan, the company's trajectory intersected with automotive giants like Buick and General Motors, undergoing transformations until its emergence as Nexteer Automotive. Mike reflects on this journey, highlighting the seismic shift brought about by the acquisition by AVIC in 2010, a move that catapulted Nexteer into uncharted territory.
For Mike, Nexteer isn't just a job; it's been his life's work since he joined straight out of high school. Climbing the ranks over 44 years, he's been a witness to the company's evolution, from a hydraulic-focused entity to a trailblazer in electric power steering (EPS) systems. Embracing innovation has been key, from developing in-house power electronics to anticipating the shift to steer-by-wire technology, placing Nexteer at the forefront of intuitive motion control.
The company's global expansion reflects its commitment to meeting customer needs worldwide. With 25 facilities across six continents and a focus on local production, Nexteer ensures responsiveness and short supply lines. Mike underscores the importance of a diverse workforce and the recruitment of top talent, particularly in software and electrical engineering, essential for navigating the shift towards autonomous driving.
At the heart of Nexteer's success lies a culture of innovation and collaboration, encapsulated in the 'One Nexteer' ethos. Mike emphasizes the company's collective purpose – to inspire and empower individuals to go beyond – fostering a sense of belonging and shared responsibility. This inclusive culture extends to strategic partnerships with suppliers, where reciprocity and shared learning drive mutual growth and success.
Looking ahead, Mike sees Nexteer poised for continued growth and leadership in the rapidly evolving automotive landscape. With a robust backlog of new business and a focus on emerging technologies like steer-by-wire and autonomous driving, Nexteer is primed to shape the future of mobility, guided by Mike's unwavering vision and leadership.