Rick Nichols

Rick Nichols | Principal & CEO

Rick Nichols, Principal and CEO, brings over 30 years of passionate and adaptive leadership to his role at AGATE CONSTRUCTION. With a proven
record of business development and growth across an array of commercial and industrial segments, Rick has been instrumental in the
evolution and expansion of Agate Construction since becoming an owner in 2017. His extensive background incorporates a deep
understanding of international business, having lead operations in over 100 countries. Rick possess the ability to deliver value creation through
the development of a brand and the associated client base, as well as the development of new products and the optimization of operational

Rick’s career began at AlliedSignal, followed by 10 years with the Terex Corporation. As President of Terex Cranes and Materials Processing
and Mining, he had responsibility for over $2.3 billion in annual sales. He has a down to earth demeanor, and a gift for understanding and
motivating people. Rick is as comfortable in a board room as he is on the shop floor.

Career Highlights
30+ years of experience

  • 100 Countries
  • Board of Directors and Investor Relations
  • Organizational and talent development
Education and Certifications

  • Masters in International Management (MIM), AGSIM Thunderbird | 1998
  • Executive Leadership Program, AGSIM Thunderbird | 1996
  • Bachelor of Science in Engineering, Arizona State University | 1985
  • Six Sigma Black Belt Certification

President and CEO

  • Market leading manufacturer of high volume printing machinery with $ 500M in revenue, businesses units in 11 countries and 2000 team members worldwide
  • Delivered positive earnings in 2013 and breakeven in 2014 during a 50% downturn in the total industry
  • Developed and introduced packaging product portfolio to augment declining traditional markets which represents 25% of today’s business revenue
  • Developed regional organizational structure and consolidated country back oce activities improving operating run rates of $15M annually

2000 – 2011
Diversified global manufacturer of construction and mining equipment with annual sales of $ 6.0B

Terex Cranes

  • Held full P&L responsibility for $2.3B global market-leading manufacturer of cranes with businesses in 8 countries, sales/service operations in 40+ countries, and 7400 team members
  • In two years, generated 30% penetration in US and 15% in Europe, as well as 5% increase in new customer acquisition
  • Realized 30% improvement in operational eectiveness by transitioning engineering and manufacturing sourcing to new sites in India and China
  • Generated $73MM in supply chain cost reductions by implementing strategies for “best cost country” sourcing, supplier consolidation and aggregated commodity purchasing within group companies
  • Added $257MM in revenues through rapidly introducing 22 new products via cross-border globalengineering collaboration. Reestablished Terex Cranes as product innovator in market

2004 –2007
Terex Materials Processing and Mining

  • $2.1B global, market-leading manufacturer of mining and materials processing equipment with operations in 14 countries, sales/services locations in 40+ countries, and 3500 employees
  • Delivered 4 year compound annual revenue growth of 31% taking share from major players. Over same period delivered 73% compound annual earnings growth through improved operating leverage which delivered a 90% improvement in free cash flow
  • Acquired 3 bolt-on businesses and successfully integrated them into the portfolio
  • Revitalized R&D pipeline, yielding 10 industry-leading new product introductions, on track to comprise 30% of total revenue by 2012

2002 – 2004
Terex Materials Processing
Vice President and General Manager

  • Led $500MM global business group, which manufactures rock crushing equipment. Responsible for businesses in 6 countries, service and support locations in 15 countries, and 1100 employees
  • Successfully turned around businesses from loss of $20MM per year to +10% operating income
  • Increased global distribution coverage in both developed and developing markets
  • Restructured new product development process and retooled entire existing product portfolio
  • Implemented lean manufacturing and business processes within group companies
  • Executed 50% reduction and rationalization North American operations footprint

Vice President and General Manager Mining

  • Led $300M global mining equipment business group with businesses in 5 countries, service and support entities in 26 countries, and 450 employees
  • Orchestrated turnaround and restored profitability to group that had been losing $25M per year.
  • Increased service and support coverage in 12 countries 1997-2000

Marketing Sales and Service
Diversified industrial supplier of commercial aircraft engines and auxiliary power units

Director Propulsion Aftermarket and Service

  • P&L leadership for $75M parts, service and service contract business
  • Led all aftermarket service and support for aircraft commercial propulsion products worldwide, with P&L responsibility for parts, service and service contract delivery, operating in 3 domestic and one international site supporting global fleet
  • Improved margins by 25% through structured repair and maintenance contracts which provided credible long-term revenue streams
  • Improved fill rates to 96% and emergency fill of 100%. Monitored global fleet operations and planned and positioned parts logistics business to support aircraft maintenance operations
  • Delivered a 90% improvement in customer service call center first call resolution with a 1% drop call rate through lean process transformation
  • Saved $10M per year through lean process implementation in distribution functions and developed a hub and spoke network logistics

Director Business Development Aerospace

  • Directed business development team in acquisition and joint venture development. Negotiated M&A contracts, structured integration plans in an international setting
  • Structured $30MM JV with Daimler-Chrysler for development and manufacture of industrial engines
  • Led $50MM Lycoming acquisition integration from Connecticut into Phoenix manufacturing operations Led manufacturing integration of Power Systems Group into Engines Group 1993-1997

Director Materials and Supply Chain Auxiliary Power

  • Led the Materials management functions which directly controlled material purchases of $600M in the material management of supply chain. Managed supply chain planning and administration. Responsible for integrating and delivering on Customer to establish delivery requirements.

1993 – 1995
Business Unit Manger Sheet Metal

  • Responsible for the manufacture, material management, quality, inventory and on time delivery of specialty high alloy sheet metal parts. Supervised teams of machinists, metal forming, welding and processing specialists. Implemented lean process improvement teams focused on generating flow and design improvements across product lines. Team consisted of 400 direct and indirect team members on three shifts

1989 – 1993

1991 – 1993
Superintendent Sheet Metal Manufacturing

  • Responsible for the manufacture, quality, inventory and on time delivery of specialty high alloy sheet metal parts. Established annual capital budget and machine replacement schedule. Supervised teams of machinists, metal forming, welding and processing specialists. Implemented cross functional continuous improvement teams focused on process and design improvements across product lines. Team consisted of 230 direct and indirect team members on three shifts

1989 – 1991
General Supervisor Wheel Line Manufacturing

  • Responsible for the manufacture and on time delivery of specialty high alloy rotating hot section parts. Supervised

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Agate Construction Company in Scottsdale
2403 N. Country Club Dr
Scottsdale, AZ 85256
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