#125: Ray Scott, CEO of Lear Corporation – Never lose sight of what’s next

How Leaders Lead with David Novak

David Novak Leadership

Entrepreneurship, Business, Management

4.8 • 596 Ratings

🗓️ 9 March 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today’s guest is Ray Scott, President & CEO of the Lear Corporation. If you’re thinking of jets, think again. This Lear Corporation works in the automotive industry, providing seating and electronic systems to major companies like GM, Ford, BMW and Mercedes. They were also just named one of Fortune’s most admired companies. Since he took over in 2018, Ray has led through COVID, supply chain issues, inflation, and rising fuel prices. It’s really been one challenge after another – maybe you can relate! But Ray hasn’t let those short-term pressures keep him from focusing on long-term strategy. He knows how critical is it to keep innovating and planning so they can be successful when they *do* get out of those tough short-term situations. He’s got some really practical advice for you, too, so hit play on this episode and see the kind of successful culture you can build when you never lose sight of what’s next. You’ll also learn: • The kind of opportunities to look for if you’re ready to grow as a leader • A practical way to structure teams so you balance short-term and long-term thinking • The kind of answer you need to watch out for (and confront) in your next meeting • Why you need to STOP hiring people who think like you • The jaw-dropping innovations coming soon to the seats in your car Take your learning further. Get proven leadership advice from these (free!) resources: The How Leaders Lead App: A vast library of 90-second leadership lessons to stay sharp on the go Daily Insight Emails: One small (but powerful!) leadership principle to focus on each day Whichever you choose, you can be sure you’ll get the trusted leadership advice you need to advance your career, develop your team, and grow your business.

Transcript

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0:00.0	Welcome to How Leaders Lead where every week you get to listen in while I interview some of the very best leaders in the world.
0:10.3	I break down the key learning so that by the end of the episode, you'll have something simple you can apply as you develop into a better leader.
0:18.3	That's what this podcast is all about.
0:23.1	My guest today is Ray Scott,
0:30.5	president and CEO of the Lear Corporation. Now that's not the Lear Jet Company you might be thinking of. It's the Lear Corporation. And actually, if you're listening to this in your car, you might be using one of their products right now.
0:40.7	That's because they provide seating and electronic systems to major automotive brands.
0:46.6	And by the way, they were just named one of Fortune's most admired companies.
0:51.2	I actually had the chance to speak to their global leadership team recently,
0:55.6	and I was blown away by the culture and by Ray's leadership. And I just knew you had to hear
1:02.9	from him too. Now, since he took over in 2018, Ray has had to lead through COVID, supply chain
1:10.7	issues, inflation, and rising fuel prices.
1:15.1	I mean, good grief. It's really been one challenge after another. But Ray hasn't let those
1:21.4	short-term pressures keep him from focusing on long-term strategy. He knows how critical it is to keep innovating and planning
1:29.8	so they can be successful with those tough short-term situations
1:33.7	finally change.
1:35.2	He's got some really practical advice for you too,
1:38.2	so keep listening and see what happens
1:40.9	when you never lose sight of what's next.
1:44.0	So here's my conversation with my good friend
1:46.8	and soon to be yours, Ray Scott. You know, I first met you when I had the honor of speaking at
1:58.0	your leadership conference this past year, and I witnessed firsthand just how much your people respected you. So I just had to have you on this podcast. So thanks. Yeah, that was a great day. I'll tell you, I still get really positive feedback from your presentation and just being with the team. It was a really special day for us, too.. Yeah we had a little improvised for all our
2:18.0	listeners out there the electricity went out at this hotel we're in so the team the Lear
	...

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