Capital Pivot: Navigating a Career Change - ⁠⁠Shaun Stimpson⁠ | Horizon Search 12

Shaun Stimpson is the CEO of Mitten Fluid Power Corporation, a distributor of hydraulic pneumatic and fluor connector products in upstate New York. He acquired the business in December 2022, following an extensive search for a business to buy. Prior to entering the fluid power industry, Stimpson spent over 20 years in the wealth management space, working as a financial advisor at Merrill Lynch, Morgan Stanley and holding various management positions.

In his first six months as CEO, Stimpson has successfully navigated the transition, building trust with the existing leadership team and implementing strategic investments to drive growth. Although the previous owner has stepped back from day-to-day operations, Stimpson has maintained a relationship with him and continues to seek his advice and guidance when needed.

Shaun's strengths in leadership shine through as he articulates his vision and builds trust with the team. In this episode, we get insights into his individual approach, taking the time to get to know each team member and even working in the warehouse to understand the grassroots of the business. Shaun's story is inspiring and provides valuable lessons for those considering a career change.

Connect

Interested in learning about entrepreneurship and innovation from thought leaders around the world? Consider subscribing to our weekly newsletter and checking out our other content: https://horizonsearch.beehiiv.com/subscribe

Recommended Resources (Affiliate)

• Castmagic (https://get.castmagic.io/horizonsearch) has helped me prepare the show notes. It provides summaries, timestamps, key quotes and a lot more, including custom prompts.
• Experience seamless recording with Riverside.fm, (https://www.riverside.fm/?via=horizon-search) where high-quality audio and video are recorded locally on each participant's computer, eliminating the common issues of internet connectivity. Say goodbye to stutters and delays, and enjoy a smooth recording experience.