Power Breakfast Meeting
March 15, 2016
7:30am - 10:30am
Philadelphia Country Club
1601 Spring Mill Road
Gladwyne, PA 19035
Private Equity vs Publicly Traded:
President & CEO, Philadelphia Gear
Vice President, Power Systems, Timken
There are big differences between senior leadership roles in private equity sponsored companies and publicly traded ones. Carl Rapp knows.
As President and CEO of Philadelphia Gear, Carl ran this private equity sponsored company for more than a decade until it was acquired by the Timken Company in 2011. He continues to run the Philadelphia Gear business and also serves as Vice President for the Power Systems group at Timken, a century old publicly traded manufacturer of bearings and related power transmission products.
Carl will compare and contrast the two ownership models, focusing in particular on the different challenges and operating environments senior leaders must navigate.
About Carl Rapp
Carl Rapp became President and CEO of the Philadelphia Gear Corporation in 2001. Philadelphia Gear had been owned by Wind River Holdings LLC since the 1920’s and was the founding company of this diversified private equity group.
Philadelphia Gear was acquired by Timken in 2011 and Carl and his management teams were retained. He now serves as Vice President for the Power Systems group, at Timken, which focuses on supplying and servicing mission critical power transmission equipment in the Energy, Infrastructure and Defense sectors.
Prior to Philadelphia Gear, Carl held several senior level positions in sales and general management for Philadelphia-based Strategic Distribution, Inc. Earlier, he served as President of Carborundum Abrasives, North America (a division of St.Gobain-Norton Company) from 1994 through 1998, and as Business Unit Manager for Norton's Precision Abrasives group from 1992 to 1994. He also completed a six year expatriate assignment for Norton in their European operations.
Carl earned a BA in Economics and History from Trinity College in Hartford, CT and a Master's in International Relations from Boston University.
Members - $30
About Philadelphia Gear and Timken
Philadelphia Gear was founded over a century ago to provide state-of-the-art gearing for the emerging industries of Pennsylvania. From those modest beginnings in 1892, Philadelphia Gear has earned a globally recognized reputation for expertise in power transmission solutions for the world’s Energy, Infrastructure and Defense industries.
The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain and related products, and offers a spectrum of powertrain rebuild and repair services. The leading authority on tapered roller bearings, Timken today applies its deep knowledge of metallurgy, tribology and mechanical power transmission across a variety of bearings and related systems to improve reliability and efficiency of machinery and equipment all around the world.
Learn more about Philadelphia Gear and Timken at www.philagear.com and www.timken.com.