Episode Details

Lisa Ryan: Hey, it's Lisa Ryan, and welcome to the Manufacturers' Network podcast. I'm excited to introduce our guests today, Teresa Lindsey.

Teresa is the CEO of Channel Products, a privately held Cleveland-based manufacturer of components systems and technologies for the gas appliance industry and beyond. Recently she's launched two new divisions of Channel, Spotted Yak, an engineering design firm, and Haute Door Life, an online retail entity, offering high-end curated outdoor living products. Channel has manufacturing facilities in both United States and China and a distribution Center in Europe.

Under her leadership, the company's revenue has grown by over 100%; profitability has increased by over 1,000% the overall employee base has tripled. She has built a culture based on high levels of individual and corporate performance and charitable service. Teresa, welcome to the show.

Teresa Lindsey: Thank you for having me, Lisa.

Lisa Ryan: Well, that is quite a background. I'm so excited to hear about your journey regarding how you got to where you're at. We're going to talk about the culture you created. Please share with us a little bit about your background.

Teresa Lindsey: Thank you so much. I had a different life, a unique life. Some might say somewhat disadvantaged by comparison to others. I grew up in a world that I didn't have an emphasis on career or education. I had to navigate my way through all of that into adulthood and took several different paths. There are many splits in the road in that journey, but I finally ended up manufacturing several years ago. 

I was going from General Motors into Haute corporation, a publicly held friction manufacturer. Then, after that, with the private equity firm who owned Haute and who owns Channel. 

Through that ended up at Channel, and the way it got here is unique. We purchased Channel; I was with the private equity firm. We purchased the company, and I came in for about six months to help them operationally. Let's see how we can improve things; let's improve morale. Let's dig into the meat of the company. We felt like it had good bones. Let's see what we can accomplish. 

During that time, we discovered that because it was a local company, we were busy on due diligence with several other companies. We missed some things, and so it ended up being not exactly what we thought we were getting when we purchased it. Let me say it that way. What ended up happening was an executive decision made by the private equity firm, the ownership, that they would replace the President. I was in that meeting sitting there with the owners, and I just felt it well up inside of me, and I just said, give it to me, I can do it. I can run this. I can fix it, and I can make that happen. 

That was nine-plus years ago. They took a chance on me, and they gave me a shot. They had no reason to do that or to believe that I could do anything I was saying that I could do. But they did. They believed in me, and here we are today. So that's my journey here to Channel Products.

It's been a fun ride with many intricacies to it, a lot to overcome, and a lot to learn, as you can imagine. Many moments were growing moments for me, first times. Here we are. It's been fun, and I'm grateful I surrounded myself with people far better than me. That facilitated the climb.

Lisa Ryan: When you were looking at the first days of Channel nine years ago, you don't have to go into the details as far as what you thought you were getting but didn't. Share with us the journey as far as the culture, the way it was, and some of the things that you saw as an outsider coming in that oh I can fix that.

What happened with the employees? How did you finally get them to buy in - because we know this whole process takes time. It doesn't happen overnight. How did you t