Bucyrus wins prestigious management award

Bucyrus International is the recipient of this year’s Baird Management Excellence Award. Baird is an employee-owned, international capital markets, private equity, wealth and asset management firm. The award will be presented today to Tim Sullivan, President and CEO of Bucyrus. “Bucyrus International is a world leader in the design and manufacture of high-quality mining equipment,” said Paul E. Purcell, Baird’s Chairman, President & CEO. “The company’s innovative products, commitment to reinvesting in its facilities and workforce – at its South Milwaukee headquarters especially – and talented leadership team make it a proven performer. It is my pleasure to recognise Bucyrus as the recipient of the 2008 Baird Management Excellence Award.” International Mining’s December issue will nclude a focus on the mining technology coming out of Milwaukee and Peoria.
Created in 1981, the Baird Management Excellence Award recognises companies that consistently demonstrate superior performance on behalf of customers, employees, shareholders and the communities in which they operate. Baird selects winners in consultation with officers of the Executive MBA Alumni Association at the University of Wisconsin-Milwaukee Sheldon B. Lubar School of Business. This is the 27th year Baird has presented the award. At the event, Baird and EconomicsWisconsin will also present six Wisconsin teachers with awards for excellence in teaching economics and financial literacy.

Founded in Bucyrus, Ohio, in 1880, Bucyrus moved its headquarters to its current location in South Milwaukee in 1893 and earlier this year completed a more than $200 million multi-phase capacity expansion of that facility. The company has more than 6,000 employees worldwide, nearly 60 facilities around the globe and a presence on six continents. Recently, it ranked fourth on FORTUNE magazine’s list of the “100 Fastest-Growing Companies,” and was recognised as one of IndustryWeek magazine’s “50 Best Manufacturing Companies.”

Sullivan joined Bucyrus in June 1976. He has been President since August 2000, and its CEO since March 2004. He has been a director of the company since August 2000. During his career with the company, he has held numerous positions including: COO, Executive VP – Marketing, VP Marketing and Sales, Director of Business Development, Director of Parts Sales and Subsidiary Operations, and Product Manager of electric mining shovels and international sales. He earned a B.S. degree in Business Administration from Carroll College and a M.B.A. from American Graduate School of International Management.

Sullivan was recently elected to serve as the new chairman of the United Way of Greater Milwaukee for 2008-2009, and was co-chair of the United Way’s 2007 Community Campaign. He also serves as Chair of the Wisconsin Governor’s Council on Workforce Investment. Additionally, he is involved with various nonprofit boards, including serving as a director for the Milwaukee Metropolitan Association of Commerce, Business Health Care Group of Southeast Wisconsin, Milwaukee School of Engineering, University of Wisconsin Milwaukee Advisory Council, Children’s Hospital of Milwaukee, Big Brothers Big Sisters, and St. Ann’s Center for Intergenerational Care.

Previous recipients of the Baird Management Excellence Award are Rockwell Automation; Johnson Controls, Inc. (honored in 1983 and 2003); MGIC; Kohler Co.; Sybron International Corporation; Midwest Express Airlines; Harley-Davidson, Inc.; the Green Bay Packers; Fastenal Company; Kohl’s Corporation; Briggs & Stratton Corporation; Kimberly-Clark Corporation; Fiserv, Inc.; Manpower Inc. (honored in 1991 and 2005); the Milwaukee Brewers Baseball Club; Wisconsin Energy Corporation; Oshkosh B’Gosh, Inc.; Ameritech; Quad/Graphics, Inc.; Fort Howard Paper Company; G. Heileman Brewing Company, Inc.; Snap-On Tools Corporation; Northwestern Mutual; and Marshall & Ilsley Corporation.