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Investor Spotlight

Investor Spotlight

Matt Paul

Bio
Matt Paul
President and Chief Operating Officer DTE Gas

Matt Paul is president and chief operating officer of DTE Gas, DTE Energy’s natural gas utility which provides service to 1.3 million homes and businesses in Michigan. Paul is responsible for all utility gas operations, including transmission, distribution and storage as well as gas sales and utility midstream transportation.

 

Paul’s career with DTE Energy spans 20 years. Prior to his current role, he served as vice president, plant operations, Fossil Generation, as part of DTE Electric. He has also held senior leadership positions within DTE’s non-utility companies.

 

Questions:

Matt, you have years of Senior Executive leadership experience, in which I’m sure a lot of lessons were learned. What has been one that you’ve been able to pass along?
Prioritization is critical and then pay attention to details within those priorities. At the end of the day, details are what matters, but they’re too often overlooked because it’s hard and it takes time. It may not be the most glamorous advice, but those who pay attention to details set themselves apart.

 

Talk to us about company culture. What are some values that you and your team live by?
Two years ago, we began to really look at our culture and how we could make it even better for both our customers and our employees. We committed to four service keys that would drive DTE culture; we committed to being safe, caring, dependable and efficient. The order of these service keys is important. Safety will always be our first priority, both for our customers and our employees. I think that caring being second on the list surprised a lot of people. There was a lot of discussion whether the second key should be caring, dependable or efficient. We settled on caring because we want to be a company that leads with its heart, taking care of each other, our customers and the communities where we live and serve. And being dependable and efficient is also critical. They help us remain focused on delivering not only safe, but reliable, clean and affordable energy to our customers.

 

When we rolled out the service keys to our employees, we stressed that we can’t live these service keys externally until we apply them internally and serve one another first. Said another way, we know we can’t serve our customers with excellence unless the relationships we have internally are rooted in a service culture, so we have instituted several initiatives internally that are focused on collaboration.

 

Under your leadership, DTE Energy has achieved the Highest in Customer Satisfaction for Residential Natural Gas Service in the Midwest from J.D. Power. To what would you most attribute this success? 
The DTE Gas team is the reason that we were honored with the award. Our team is committed to serving our customers with excellence, regardless of the situation. Even during the pandemic, the Gas team has continued to treat our customers like family, keeping their wellbeing at the forefront of everything we do. Our employees have lived DTE’s service keys and our customers took notice.

 

DTE utilities have announced 2050 net zero emissions goals. What were some significant moments in that decision-making process that made clear the decision to do so?
DTE CEO Jerry Norcia has often said that climate change is the defining public policy issue of our time and we have the responsibility to be a leader for the environment. In that vein, DTE has made several industry-leading environmental commitments over the last several years. These commitments are right for the environment, our customers and our company, and we can deliver on them while also providing reliable and affordable energy to our customers.

 

In 2017, our electric company was one of the first to commit to reducing carbon reductions when we announced a commitment to reduce CO2 by 80% by 2040. Last year, we accelerated that goal and committed to net zero carbon emissions by 2050. And DTE Electric is well on their way, having reduced carbon emissions 30% since 2005. A key component of achieving net zero is renewables – since 2009, DTE Electric has been the largest investor in renewables in Michigan with a plan to triple our renewable generation capacity by 2030.

 

DTE Gas followed a similar path. In July of this year, we announced that DTE Gas would be joining DTE Electric in committing to net zero by 2050. This was an acceleration and expansion on our previous environmental commitment of achieving an 80% reduction in methane emissions for our own operations by 2040. DTE Gas is taking a holistic, unique approach to our net zero commitment. We are the only gas company in the country whose net zero commitment includes not only our operations, but also includes our suppliers and customers. And just like our electric company, we’re already aggressively moving toward that goal, having reduced carbon emissions across our infrastructure and with our suppliers by more than 30% since 2005.

 

In total, by 2050, DTE will reduce greenhouse gas emissions by 35 million metric tons each year, the equivalent of taking 7.5 million cars off the road annually.

 

What is a book that you’ve read or an influencer that you watch that has made you a better leader?
Mindset by Carol Dweck is one of my favorites. There are so many lessons in this book including the value of setting stretch goals (necessary to really grow), the value of mistakes (they are necessary to learn and get better), and the value of receiving feedback (we all have a warped view of ourselves; others have a much more accurate view). If you have a growth mindset, you value feedback (and aren’t defensive about it!), know that you can always improve (add the word “yet”, as in “I don’t know how to do that “yet”), and are secure with and value making mistakes (and you own your mistakes and don’t blame others!). Dweck contrasts having a growth mindset with having a fixed mindset. A fixed mindset suggests that you were born a certain way, with limited potential, and no matter what you do, there is a limit to your ability to grow.  While we all have some of both (growth mindset and fixed mindset), Dweck suggests that the more we embrace a growth mindset, the more we will become.

 

Matt, you are active in the Autism community. Can you share with us why this is a passion for you? 
I have a 16-year-old son with autism and epilepsy. Helping our son navigate the world has had a tremendous influence on me, my wife and our three other sons. I really think sharing in Weston’s experiences has made us better people – more grounded and more grateful. But with all the challenges that Weston faces, we know that many families struggle so much more. That realization compels my family to do what we can to help.

 

Can you share why it’s a priority to DTE Energy as a utilities company to invest in economic development?
A strong Michigan is good for our customers and our communities. Ten years ago, DTE committed to using Michigan-based suppliers whenever possible. Since that time, we have invested $11.4 billion with Michigan businesses. Last year alone, DTE spent $2.1 billion with Michigan businesses, creating and sustaining more than 9,800 jobs. The 2,332 Michigan suppliers that we partner with make impactful contributions to our communities; not only by employing thousands of people, but also by supporting critical services including schools, infrastructure and first responders. We recently committed to increasing our spending with Greater Michigan suppliers by $20 million in the next three years.

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Press Releases

Gentex Expands In The City Of Zeeland And Zeeland Charter Township

07/26/2022 // ZEELAND, MICH – Gentex Corporation, a high-tech supplier of electro-optical products for the automotive, aerospace, and commercial fire protection industries, is investing $300 million to expand its operations in the City of Zeeland and Zeeland Charter Township. Lakeshore Advantage, the economic development organization that assists employers with growth opportunities in Ottawa and Allegan counties, connected the company with local and state resources to support this project.

 

“Gentex is our region’s largest employer and is an excellent example of a future-focused company expanding and providing high-skilled jobs in West Michigan,” said Jennifer Owens, Lakeshore Advantage President. “We are honored to support the growth of this local turned global company and we celebrate their continued success.”

 

Gentex’s expansion includes a new 250,000 square-foot manufacturing facility, a 60,000 square-foot expansion of its existing facility, and a new 350,000 square-foot distribution center. The project will create 500 new jobs here in West Michigan.

 

“We’re excited to announce that after two years of analyzing our manufacturing and R&D footprint, we’ve reached an agreement with the State of Michigan that supports our long-standing commitment to the state and provides the incentives necessary to facilitate our future growth initiatives in Michigan,” said Steve Downing, President and CEO of Gentex Corporation.

 

Other instrumental partners are the City of Zeeland, West Michigan Works!, Zeeland Charter Township, Grand Rapids Community College, and the Michigan Economic Development Corporation. The Michigan Economic Development Corporation is supporting this project with $11.1M in state incentives.

 

“Congratulations to the entire Gentex team on your continued success here in Michigan. We appreciate your vote of confidence in West Michigan’s talented workforce and the Zeeland community as you grow your company,” said Quentin L. Messer, Jr., CEO of MEDC and President and Chair of the MSF Board. “We are grateful to the Governor, legislators and local officials for their continued support of critical tools that make projects like this possible. We’re pleased to work with local partners like Lakeshore Advantage, the City of Zeeland, and Zeeland Charter Township to ensure Gentex remains a key partner in our work to grow this critical high tech, advanced industry in West Michigan.”

 

The City of Zeeland is supporting this project in the form of a 12-year Industrial Facilities Tax Exemption anticipated for approval.

 

“The City of Zeeland congratulates Gentex once again on their growth, and we especially thank them for choosing to expand their operations in the Zeeland area,” said Tim Klunder, City of Zeeland Manager. “We are blessed and fortunate to have a corporate partner such as Gentex that desires to be in our community. Their ability to offer excellent jobs to people in our area is exciting and further solidifies what makes them such a tremendous asset for our community!”

 

Zeeland Charter Township is supporting this project in the form of a 12-year Industrial Facilities Tax Exemption anticipated for approval.

 

“The growth occurring at Gentex and their continued investment in Zeeland Township and the City of Zeeland is exciting,” said Tom Oonk, Zeeland Charter Township Supervisor. “Zeeland Charter Township is pleased to support this expansion and the benefits it will provide to our community.”

 

West Michigan Works! is supporting this project in the form of a Workforce Training & Hiring Plan which includes funding for on-the-job training and incumbent worker training.

 

“We are thrilled to support efforts leading to improved economic growth for a local employer and viable jobs to our community,” said Amy Lebednick, West Michigan Works! Business Solutions Director.

 

Grand Rapids Community College is supporting this project in the form of a Michigan New Jobs Training Program.

 

“GRCC and our GRCC Lakeshore Campus location support upskilling and building the future workforce for Ottawa County,” said Julie Parks, GRCC’s Interim Dean of Workforce Development. “We are proud to partner with Lakeshore Advantage, West Michigan Works! and the MEDC to help Gentex continue to advance its work.”

 

Michigan was chosen for this project over competing sites in Alabama, Ohio, South Carolina, Tennessee, and Virginia.

 

“Gentex has been a technology leader in the automotive, aerospace and fire protection industries for many years and employs over 5,000 people in West Michigan currently. Today, we are announcing that we will continue that commitment as we look to add over 500 new jobs and spend at least $300 million in new buildings and equipment over the next three years in support of our growth initiatives,” concluded Downing.

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Press Releases

Coastal Container Corporation Expands In The City Of Holland

05/31/2022 // HOLLAND, MICH – Coastal Container Corporation, a full-service provider of packaging supplies serving multiple industries including agriculture, automotive, eCommerce, and food and beverage, is investing $25M to expand its operations in the City of Holland. Lakeshore Advantage, the economic development organization that assists employers with growth opportunities in Ottawa and Allegan counties, connected the company with local resources to support this project.

 

“To see this local, family-owned company continue to thrive is exciting,” said Jennifer Owens, Lakeshore Advantage President. “We congratulate Coastal Container on their continued success.”

 

Coastal Container Corporation is expanding at its existing facility in Holland, where it will add approximately 65,000 square feet of manufacturing space, install a new state-of-the-art corrugator, and construct a new rail spur for the delivery of paper rolls. This project is expected to create at least 62 jobs, while also eliminating the consumption of over 150,000 gallons of diesel fuel and over 1,000,000 miles of truck traffic per year.

“Our family has been in the corrugated business for 60 years now,” said Coastal Container CEO Brent Patterson. “In these past couple of years, Coastal Container has seen tremendous growth, which allows us to make this expansion to better serve our customers and community.”

Michigan Economic Development Corporation is supporting this expansion through a Michigan Business Development Program grant valued at $264,000.

 

“We’re thrilled to congratulate the Coastal Container team on their continued growth here in our state. Michigan has a tremendously compelling value proposition, from our incredible talent and competitive business climate, allowing companies like Coastal Container to realize success and unlock pure opportunity of all kinds right here,” said Quentin Messer, Jr., CEO of the MEDC and President and Chair of the Michigan Strategic Fund. “This project is another win for West Michigan and all of Michigan. We are grateful to the Governor and legislators for their continued support of the Michigan Business Development Program, as a vital tool to secure new jobs and investments . We’re proud to join our partners at Lakeshore Advantage and the city of Holland as we celebrate Coastal Container’s expansion and look forward to working together to add more jobs and provide greater opportunity for our friends and neighbors.”

 

The Michigan Department of Transportation is supporting this expansion through a Freight Economic Development Program valued at $995,000.

 

“The Michigan Department of Transportation (MDOT) is pleased to support Coastal Container’s proposed development through MDOT’s Freight Economic Development Program,” State Transportation Director Paul C. Ajegba said. “MDOT’s program seeks to enhance the economic viability of Michigan’s rail system by helping companies connect to it. The projected freight volume associated with the Coastal Container expansion project should help ensure rail continues to be a viable transportation option for commodity movement across the state and the nation.”

 

West Michigan Works! is supporting this expansion through a Workforce Training & Hiring Plan valued at $77,030.

 

“We are proud to be part of an effort to support local business growth, leading to increased quality job opportunities for talent and a qualified workforce for Coastal Container,” said Amy Lebednick, West Michigan Works! Business Solutions Director.

 

The City of Holland is supporting this project in the form of a 12-year Industrial Facilities Tax Exemption.

 

“The City of Holland is pleased to support Coastal Container as they expand their operations and invest back into their business and their workforce in Holland,” said Keith Van Beek, Holland City Manager.

 

Grand Rapids Community College is supporting this expansion through a Michigan New Jobs Training Program valued at $400,000 and Holland Board of Public Works is supporting this expansion through an Economic Development Incentive Rider, whose value is still undetermined.

 

“GRCC continues to be relevant and responsive to the needs of employers and residents in our region,” GRCC President Bill Pink said. “Economies thrive when there is a skilled workforce ready to tap into opportunities for rewarding careers. We provide training that helps residents be ready for evolving fields and technologies. The Coastal Container project, and our partnership with Lakeshore Advantage is a perfect example of the role GRCC plays in helping everyone grow stronger.”

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Investor Spotlight

Investor Spotlight

Roger Price

You have years of Senior Executive leadership experience. Who are the people who have had a profound influence on you and your leadership style?

Wow, there are so many! Of course my family has had a big influence on me throughout my entire life. The people that really awoke my interest in leadership were the leaders I experienced at Prince Corporation in the 90s (of which there are too many to name).

 

The leaders I experienced at Prince worked hard to apply the simple, but often difficult, principles that are at the core of great leadership. This led to a lot of uncomfortable moments in the short term (for the leaders and their followers) and it also led to an amazing culture in the long term which was at the core of Prince’s great success.

 

Since those days, I’ve also gained a lot of insights from my experiences on non-profit boards,  and from colleagues at Courageous Leadership, the Reformed Church in America, and my current team and our impressive customers.

 

 Talk to us about company culture. What are some values that you and your team live by?

I believe that intentionally shaping culture is the most important thing an organizational leader does. We all know Steven Covey’s famous quote about “culture eating strategy for breakfast”, and I also like Lou Gerstner’s insight that, after leading a turnaround of IBM in the 90s, he shared, “I came to see, in my time at IBM, that culture isn’t just one aspect of the game—it is the game.”

 

Ultimately, we have shaped our culture by our decisions of whom to bring on our team and then through our collective behaviors. I’m a big fan of the expression, “I can’t hear what you’re saying because your actions speak too loud.”

 

We intentionally focus on six values and then work to shape and measure our behaviors against them. Truly being authentic and then providing a safe environment for our customers are two that stick out right away. We also focus on our collective commitment to our mission and to each other. We focus on working hard to provide real value to our customers.

 

And finally, we focus on being innovative and playful while challenging ourselves to model every leadership practice that we teach.

 

We know you are someone who gives back to the community in many meaningful ways. Tell us about an initiative that is near to your heart.

I am a longtime investor in our local Boys and Girls Club and over the past 25 years, I’ve considered myself to be a psychological owner of it. Whenever I meet the kids that we help, they always steal my heart. Whenever I talk to Club alumni and ask what the Club meant to them, they consistently share how important it was to them. (Several have said that the Club saved their lives.)

 

When I think about the impact on our community, I can’t help but see the difference it makes, not only in the quality of our neighborhoods but also financially. When a young person’s trajectory is changed from a dangerous direction to one of becoming a productive member of our society, the impact is significant. I feel good about many things I’ve done in my life (and some not-so-good things), but nothing feels better than my long-term commitment to this great cause that invests in young people and our community.

 

Your company focuses on leadership development. How did you get involved in this work?

When I left my engineering work at GM in Lansing to become an engineer at Prince I was instantly aware of how different the culture was. WOW! Not only did I become intrigued by it, I quickly wanted to understand and promote it.

 

As I continued to experience how organizational leadership worked, I found myself wanting to understand it better and do the difficult work of changing myself to be a better leader. I still have a long way to go…

 

At the same time, someone helped me rediscover the teacher inside of me (I taught tennis as I pursued my engineering degree) and I decided to make the vocational change from engineer to designer/deliverer of effective leader development initiatives.

 

What is a book that you’ve read or a resource that you use to help you continually grow as a leader?  

I am a follower of Jesus so the book that I read the most to grow as a leader is the Bible. I have structured my life so that it will orbit around the teachings within this amazing book.

 

Of course, in the work I do, there are many other books that have captured my attention; too many to mention here. In general I’ve gravitated to the books of Jim Collins, Patrick Lencioni, Steven Covey, Marcus Buckingham, John Maxwell, Chip and Dan Heath, Brene’ Brown, and many more. If I was forced to pick one book from the past that had a big impact on me, it would probably be First Break All the Rules written back in the 90s.

 

Can you share why it is a priority for you to invest in economic development?

When you take an honest look at the things that have the biggest impact on people’s lives, it’s hard not to see that the economic health of an area is at the top of the list.

 

We have been very blessed by those in the past that did so much to invest in the economic health of West Michigan. I’m sure I could name a dozen or two of these people and I’m sure that just scratches the surface of who has paid it forward for us.

 

We at Leading by DESIGN feel privileged to also make investments in West Michigan’s future by supporting Lakeshore Advantage and the great work they are doing on behalf of our economic development. We are so fortunate to have them in our corner of the world! 

 

About Leading by DESIGN

Our team at Leading by DESIGN believes that each person has a unique design and we work to help them discover it, develop it, and then lead from it. Our mission is to help West Michigan be the hotbed of the best leaders in the country… what Nashville is to country music, we should be to leadership. We do this through executive coaching and also through our yearlong LEAD 24/7 program.

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