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The Wichita Business Journal honors Hyspeco’s CEO, Joe Parrott, with the 2020 Manufacturing, Wholesale, and Distribution – Emerging Leader Award.

Wichita Business Journal honors Hyspeco's CEO, Joe Parrott

Years with the company?

Five years.

Industries served by your company?

Hyspeco services agricultural, construction, commercial food, and beverage, industrial, and marine industries.

What is the main product your company manufactures?

Hyspeco fabricates and designs industrial-scale hydraulic power units, test carts, and many other fluid power and motion control products. We service a wide array of motion control and fluid power products for aerospace, construction, commercial mowing industry, marine, and a plethora of enterprises large and small, alike.

What achievement or achievements during your career are you most proud of?

I thrive on being a culture creator through listening and leadership. My biggest accomplishment is being able to succeed in an ESOP environment. I am also passionate about mentoring others that wish to grow their professional life.

What event or development in your career has had the most impact on you?

Early in my career, a company saw something in me. I was selected to be in a small group of individuals to be sent through leadership training. I was lucky to be able to go all over the country, from Massachusetts, New York, and California. I was fortunate that in previous companies had faith enough in me and invested a significant amount of time and helping me develop my leadership skills. I would say one of the most substantial impacts is being a part of a faith-based organization.

As you strive to be a leader who are your role models?

As cliché as it may sound, my mother and father have had the most significant impact on me, both personally and professionally. Craig Groeschel, the senior pastor at Life Church, is another person who has made an enormous impact on me personally and spiritually. All the employees here at Hyspeco push me in ways that I have never imagined and make me and push me to be the best leader that I can be. Tony Robbins inspired me to walk across 2000 degree coals in upstate New York.

What is the biggest challenge facing companies like yours in your industry?

The industry is changing rapidly, and technology is changing the way we do things. It is moving at exponential rates, creating a challenge to stay on the cutting edge. We are also looking at many ways in how we handle doing business. We can see the electronic shift in how our customers are buying our products. The Internet of Things (IoT) is helping manage our products and making the things we design even more efficient and smarter so that they last longer. Fluid power is advancing at a breakneck pace. Where to pivot, how to take care of our customers, and adapting to technology and how it affects business keeps our team focused. Things like material handling and ergonomic lifting allow companies to output higher production with a keen focus on safety.

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