VidetteOnline, ISU

Honorary Doctoral Degree Recipient Craig Bouchard Talks Success, Time as a Redbird

KEVIN SCHWALLER | News Editor | @kevschwa STEPHANIE RODRIGUEZ | News Editor | @StephanieRoddd

Before he became the Chairman and CEO of Braidy Industries Inc. and this year’s honorary doctoral degree recipient, Craig Bouchard ’77, M.S. ’79 walked the halls of Illinois State University as a Redbird.

Bouchard came to ISU on a baseball scholarship and stayed to obtain his master’s degree…

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BloombergNEF

Electric Vehicle Outlook 2020

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The Electric Vehicle Outlook is BloombergNEF’s annual long-term forecast of how electrification, shared mobility and autonomous driving will impact road transport from now out to 2040. It covers light duty passenger vehicles, commercial vehicles, buses, and two/three-wheeled vehicles. The report draws on our team of specialists around the world and looks at how these trends will impact the automotive, energy, infrastructure, and battery materials markets over the next 20 years.

Findings

Number of EV models available

Automakers are accelerating their EV launch plans, partly to comply with increasingly stringent regulations in Europe and China. COVID-19 will delay some of these, but by 2022 there will be over 500 different EV models available globally. Consumer choice and competitive pricing will be key to attracting new buyers to the market…

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Autovista Group

A Green Recovery for the Automotive Industry?

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With plans for COVID-19 recovery funds to support a green transition inside and outside of Europe’s automotive industry, Autovista Group daily brief journalist Tom Geggus explores where the money would best be invested.

Last week, the European Commission revealed its €750 billion recovery plan to help pull EU economies out of a coronavirus (COVID-19) nosedive. The package, dubbed ‘Next Generation EU’, will be made up of €500 billion in grants and €250 billion in loans. A revamped proposal for a €1.1 trillion 2021-2027 EU budget was also announced, which contains a promise that 25% of EU spending will be dedicated to climate policy.

A cornerstone of the sustainable recovery plan is that it works in conjunction with the European Green Deal. Speaking at a press conference, executive vice-president of the European Commision Frans Timmermans said that the package must ‘do no harm’ to climate ambitions. So the new investments look to support key technologies for a clean-energy transition. This will include renewable energy, clean hydrogen, batteries, carbon capture and sustainable infrastructure. Timmermans outlined the ability for funds to support the financing of one million electric-vehicle (EV) charging points, clean fleet renewals and sustainable transport infrastructure…

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Chief Executive

Six Lessons from CEO’s Huge Aluminum Gambit in Appalachia

By Dale Buss

The ongoing construction of a $1.6-billion aluminum-rolling mill in Ashland, Kentucky, ticketed with the economic hopes and dreams of an entire region, is about as big and bold as an entrepreneur can go. But there are lessons for other business leaders in how Craig Bouchard, CEO of Braidy Industries, has approached his attempt to build his fourth billion-dollar company.

When Braidy opens its mill in 2020, it’s expected to employ about 600 people who’ve been plucked from a pool of more than 7,000 applicants for jobs that Bouchard says will pay between $50,000 and $70,000 a year. Another 150 jobs are supposed to materialize in an associated metal-alloy plant nearby. And in the meantime, Bouchard expects to employ about 1,600 people doing construction.

This would go a long way toward reversing the devastating economic slide of a part of Appalachia that has lost not only many coal-mining jobs, but also thousands of manufacturing positions in the last couple of decades. Bouchard also expects his investment to help solve a deep-seated plague of opioid addiction in eastern Kentucky.

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Executive Interview, Craig Bouchard: Play Hard, Fight Hard, Win

American Metal Market

Originally published August, 2013

Play Hard, Fight Hard, Win

Craig BouchardThe competitiveness comes naturally. Bouchard was raised in a household which embraced and thrived on a ‘winner-take-all’ attitude and where the former Inland Steel put food on the table.

No matter the weapon of choice—the nearest pillow, a blazing fastball, a crushing backhand or a highstakes proxy vote—Craig Bouchard loves a good fight. And over a career spanning more than three decades and stints as an investment banker, chief executive officer of a risk management software company, dealmaker, takeover artist, financial wizard, steel mogul, author and entrepreneur, he’s made a habit of winning.

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Craig Bouchard, U of C, Chicago Booth Magazine

Craig Bouchard, ’81

Chicago Booth Magazine (U of C)

Originally published October, 2015

The entrepreneur reflects on tossing out an entire board of directors, the joy of making hard-working employees into millionaires, and the importance of bedtime stories for kids.

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Real Industry: CEO Loss Stings

Seeking Alpha

by Peter Kaye

Summary

  • A core part of my thesis hinged on a skilled capital allocator presiding over Real Industry.
  • The resignation of Mr. Bouchard detracts from the attractiveness of RELY as an investment.
  • I’m adjusting my target price from $13.92 to $10/share in light of the uncertainty surrounding this management change.

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Signature Group: An Opportunity to Tag Along With Sam Zell

Acquisition strategy and a big swath of federal net operating tax-loss carryforwards, which could pay off for investors in Signature Group.

Barron’s

By David Englander

Last week, this column highlighted the opportunity present in the shares of Covanta Holding, pointing out that the waste-to-energy company (ticker: CVA) has long benefited from its association with investor Sam Zell.

Zell is well known for his success at turning around businesses, often becoming involved at the bottom. Investors usually have done well to tag along.

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Recycling Twist Cuts Ford Truck Costs

Wall Street Journal

By Mike Ramsey and John W. Miller

Ford Motor Co.’s decision to build a lighter-weight pickup truck using aluminum body-panels has been billed largely as a way to achieve better fuel economy. The company’s boss says it is also a recycling play.

The 2015 F-150, perhaps the most important vehicle to hit Ford dealerships in decades, goes on sale this month. By the time a new truck exits the factory and heads for the showroom, it will have left behind $300 worth of scrap aluminum on the plant floor.

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Signature Group to Mimic Private Equity Format

The Deal Pipeline

By Tatiana Kulkarni

Following its recently announced $525 million acquisition of Aleris Corp.’s aluminum recycling business, Signature Group Holdings Inc. (SGGH) looks to pursue the model of a publicly traded private equity firm.

“While remaining flexible, one outcome would be to become a mini-mini Berkshire Hathaway,” said CEO Craig Bouchard, referring to Warrant Buffett’s PE-like Berkshire Hathaway Inc. (BRK.A) of Omaha.

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