Episode #49: An Inspiring and Practical Walk Through a Purpose Driven Turnaround
Hear from Gerry Anderson, former CEO and Chair of the one of the largest utility and energy companies in the mid-west of the US. Gerry made purpose relevant to people by making it matter to their individual roles and jobs. From power plant workers to accountants- helping people see the importance of their work and how they make a difference unleashes people energy into the business and the communities they serve. DTE amazed many by moving from the bottom of the Gallup engagement survey to the top 3%. Changing leadership mindsets and taking reasonability for training front line and middle managers on how to engage the power of people helped drive this inspiring turn around. Listen to an inspiring servant leader leading a company on the way to a cleaner, safer, and smarter energy future
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About Gerry Anderson:
Gerard M. Anderson is executive chairman of DTE Energy. Anderson joined DTE in 1993 and held various senior executive leadership roles throughout the enterprise until being named president in 2004, CEO in 2010 and chairman in 2011. He was the architect and leader of the company’s strategy to focus on cost and operational excellence in the utility business and develop its nonregulated businesses. As CEO, he focused on building a positive, highly engaged culture – and on deeply connecting DTE Energy to the communities it serves, enabling it to act as a force for good.
In 2019, Anderson was elected executive chairman to serve as an advisor to DTE’s CEO on business issues and focus on DTE’s community, state, federal and broader industry roles.
Prior to joining DTE Energy, Anderson was a senior consultant at McKinsey & Co., an international management consulting firm, from 1988 to 1993, with a focus on the energy sector and financial institutions. In the mid 1980’s, he was employed with an economic forecasting group, The Research Seminar in Quantitative Economics, and the U.S. Congressional Budget Office. Anderson also worked at R.T.K.L Associates, Inc. and The Collaborative, Inc., serving as an engineer and project manager from 1981 to 1985.
Anderson earned a bachelor of science degree in civil engineering at the University of Notre Dame. He also earned a master of business administration degree and a master of public policy degree from the University of Michigan.
Anderson is chairman of the Edison Electric Institute (EEI) board and cochairman of the EEI Committee on Environment. He is the founder and leader of the Detroit Regional CEO Group. He chairs both the recently formed Detroit Regional Partnership and the Detroit Economic Club. He also chairs the Business Leaders for Michigan (BLM). In addition, Anderson is involved in various local community and civic activities, including serving on the boards of trustees of The Nature Conservancy (Michigan chapter), the McGregor Fund, the Downtown Detroit Partnership, and the West Michigan Policy Forum. He serves on the Board of Directors of The Andersons, a publicly traded company.
About DTE Energy:
DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.2 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers in Michigan. The DTE portfolio includes energy businesses focused on power and industrial projects; renewable natural gas; natural gas pipelines, gathering and storage; and energy marketing and trading. As an environmental leader, DTE utility operations will reduce carbon dioxide and methane emissions by more than 80 percent by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE Electric and Gas aspire to achieve net zero carbon and greenhouse gas emissions by 2050. DTE is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy and economic progress.
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