MAGNET Announces New CEO, Ethan Karp

The Manufacturing Advocacy and Growth Network (MAGNET) announced Monday, May 4 that they have selected a new Chief Executive Officer to replace Dan Berry, who is retiring in June. Dr. Ethan Karp, currently serving as the organization’s Vice President of Client Services and Marketing, will assume the CEO role starting May 15, 2015.

“We tremendously appreciate how Dan has positioned MAGNET for increased social and economic impact over the last five years. Built on new investments in staff as well as a wealth of deep partnerships like those with WIRE-Net and Jumpstart, we fully believe that Ethan will take MAGNET to new heights,” said Felix Brueck, Chairman of the MAGNET Board and former McKinsey Director. “Since Dan announced his retirement in February, the Board has actively interviewed potential candidates for his replacement. While there were many qualified candidates, none had the business acumen, technical know-how, ability to build partnerships and teams, and clear vision for MAGNET that Ethan brings.” Dan has been given the title of President Emeritus and will join MAGNET’s Board of Directors while continuing to consult with MAGNET.

“We are fully confident that Ethan will continue to lead MAGNET by increasing the organization’s impact on Northeast Ohio’s manufacturing community. Our constituents – manufacturers large and small, local philanthropic organizations, and government agencies – understand the critical role that MAGNET has played for over 30 years in growing manufacturing companies and employment in our region. Just as importantly, they are all excited about, and deeply engaged in, ensuring a strong future for manufacturing in Northeast Ohio,” said Chris Mapes, CEO of Lincoln Electric and Vice-Chair of MAGNET’s Board of Directors.

“I am incredibly excited and humbled that our board has entrusted me with the responsibility to serve Northeast Ohio’s manufacturing community through MAGNET,” said Dr. Karp. “As demonstrated by President Obama’s visit to MAGNET in March, and based on the regional economic data, manufacturing is the beating heart of Northeast Ohio yesterday, today, and for decades to come. If we successfully help small manufacturers grow, our local towns and cities will be stronger with more middle-class, well-paying jobs. The potential to help hundreds of Northeast Ohio manufacturers capture opportunities to make new products, improve processes, find new customers in new markets, and find skilled employees is higher than it’s ever been, and MAGNET will continue to find new ways to help companies do all of this.  One huge pillar of this work will be pioneering the first true European-style, business-led apprenticeship program in the United States right here in Ohio.”

Since joining MAGNET from McKinsey & Co. in December 2013, Ethan Karp has led an organization-wide transformation from traditional economic development nonprofit into a growth-focused manufacturing consultancy with deep expertise in engineering, product development, sales and marketing, and more. As Vice President of Client Services and Marketing, Ethan led the integration of MAGNET’s services into the PRISM (Partnership for Regional Innovation Services to Manufacturers) program. Through PRISM, Ethan’s team has impacted well-known Northeast Ohio companies like Vitamix, as well as entrepreneurial ventures like Cleveland Whiskey.  “We approach companies completely differently than we did even 3 years ago. Today, it’s about the whole business and what a CEO’s goals truly are; we start with small projects and quickly move to company-wide transformation.”  Under Ethan’s leadership, MAGNET has doubled the number of clients engaged in deep growth work and grown revenue by 150%, an important indicator that MAGNET is providing value to its clients.  Ethan’s education background began with Chemistry and Physics at Miami University of Ohio and continued with a Masters and Ph.D. in Chemistry from Harvard.

In Northeast Ohio, MAGNET plays a critical role by strengthening manufacturing, a central pillar of the regional economy. According to the most recent data compiled by Cleveland State University’s Maxine Goodman Levin College of Urban Affairs, manufacturing companies make up 19.5 percent of the Northeast Ohio economy, directly employs over 19 percent of Northeast Ohio’s workforce – second only to healthcare with 263,516 total jobs – and makes up the vast majority of the region’s exported products. Moreover, according to a recent study by Team NEO, manufacturing’s share of the Gross Regional Product will grow to 22 percent over the next decade.

Posted by MAGNET Ohio in News

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