MICHAEL LEAN APPOINTED VICE PRESIDENT OF VALUE DELIVERY AT LOGICSOURCE®
Norwalk, CT, May 15, 2017 – Michael Lean has joined LogicSource®, the innovative sourcing and procurement leader, as Vice President of Value Delivery, as announced today by Michael Braunschweiger, Managing Partner, Chief Procurement Officer. As Value Delivery lead, Michael is responsible for identifying savings, supply chain optimization and overall procurement value, when the firm conducts a Mutual Value Assessment (MVA) for potential Retail, Restaurants and Consumer Packaged Goods clients.
“Michael is a highly accomplished executive who has dedicated his 20+ year career to generating both strategic and sustainable value coupled with exceptional customer satisfaction,” said Braunschweiger. “He has successfully led global teams that have delivered hundreds of millions in savings, profit and process improvements making him the ideal choice to lead this critical component of our business.”
Completely unique in the industry, during an MVA, LogicSource® puts its own money on the line to create a customized solution that identifies all potential points of value before any money changes hands. Close to 95% of clients have chosen to work with LogicSource’s® after this upfront investment process and these customers experience an annual ROI that ranges from 3-11x.
Prior to LogicSource®, Michael Lean was the Vice President of Continuous Improvement for the FMCG and Chemical sectors at the Henkel Corporation, a Fortune 500 company with 50,000 employees and $20 billion revenue. There, he spearheaded value creation and built the playbook for continuous improvement standards and training with over 200 cross functional team members across 145 of the organization’s plants. In addition, he successfully managed a team of over 300, harmonizing all IT / SAP and transactional operating systems across North America.
In his role as Vice President of Purchasing at the Henkel Corporation, Lean was responsible for establishing a strategic roadmap for acquisitions/risk management and developing an E-Sourcing model, generating $20MM in savings annually. He also worked as the General Manager of Henkel, China for three years. In this capacity, Lean greatly enhanced the company’s market presence and delivered 170% profitable sales growth with new innovations and sales channels.
He holds a Bachelors of Business Administration from George Washington University.
LogicSource® is a leader in sourcing and procurement services, exclusively focused on sourcing, buying and trafficking the goods and services “not for resale” in complex categories such as Marketing, Packaging, Store and Restaurant Development, Freight and Logistics and more. The firm’s execution-based approach is completely unique in the industry and has reinvented the way sourcing and procurement works. LogicSource® invests upfront its own money, time and resources to identify opportunities in five weeks or less that drive substantial, attainable and measurable enterprise value. This radically new approach works – LogicSource® has a 93% conversion rate and their clients achieve a 3-11x ROI. Learn more about the LogicSource® difference at www.logicsource.com.
Chris Maher, [email protected], phone: 203.940.6069
Amy Zelvin, [email protected], phone: 646-678-0575
Tags: People, New Hire, Sourcing & Procurement, Supply Chain, Value Engineering