If it’s Houston, in March—then the biggest show in town must be the rodeo, right? For most folks, yes—but not for investment recovery professionals and best-of-breed solution providers to the industry. No sir! The big roundup for them was the 82nd Investment Recovery Seminar & Trade Show happening at the Royal Sonesta Galleria Hotel. More coverage on page 8

The Investment Recovery Business JournalThe Investment Recovery Business Journal

www.invrecovery.org

A Publication of theInvestment Recovery Association

VOL. 2, 2016

If you attended the Houston conference, you most likely walked away with a whole new perspective on leadership. The word itself means many things to many people, and the journey to becoming a leader is just as diverse. Page 4

LEADERSHIP: MAPPING YOUR JOURNEY

2016 POST-SHOW ROUNDUP

Investment Recovery Pros Gathered inTexas for Education, Networking, and Fun.

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For those of you who attended the Houston conference, I trust you had an event-free trip back home. Stormy weather forced me to spend some “quality time” in two airports, which gave me the opportunity to re�ect on the conference sessions. In particular, two speakers stood out because of their high-impact messages.

Jerry Forte, CEO of member company Colorado Springs Utilities, outlined a concept that successful leadership is founded on intentional in�uence. This in turn creates a culture where people can excel…taking an organization to new heights. Scott Hunter followed the leadership theme, presenting a road map for building open and productive relationships, free of barriers.

My takeaway was a common thread that connected these two diverse speakers:

Each one of us has a core desire to be recognized and be a part of something relevant. It’s also vital that we feel important and have the ability to create a legacy that will last beyond us.

Dr. Martin Luther King, Mother Teresa, Winston Churchill, and Presidents Lincoln, Kennedy, and Reagan each left behind a time-honored legacy because of their in�uence in unifying and elevating people. But you don’t have to be president to have a similarly powerful opportunity to impact the people in your life…family, co-workers, customers, or friends. We can lead them to �nd relevance and greatness, or just live in the mundane. In his book The 360 Degree Leader, John Maxwell reveals we all are leaders because we can in�uence up, down, or across an organization. And leadership is in�uence.

So if we can all in�uence others and encourage them to engage and excel, then by our example we can also be an instrument to foster change and personal growth in ourselves and others. We must become the agents of change to help people realize their potential.

To the members and associate members of the Investment Recovery Association who have impacted my career and growth, let me express my gratitude. Your advice, encouragement, and support have been inspirational. I also want to thank the exhibitors and sponsors of our conference for your commitment to invest in the Association. Your dedicated support is vital to our success. And to you, the participants in this year’s conference, to the Board for support over this season, to VP Sean Byro for your closing remarks, and to all members everywhere—you have been instrumental in my sense of signi�cance. I salute you and thank you.

Be with us for the next Investment Recovery Seminar and Trade Show in Summerlin, Nevada, April 2-5, 2017. The Conference Committee is already at work formulating the program, so if you have any connection with possible speakers or an idea for a possible topic for the conference, please contact Jane Male, our �ne executive director, or me.

Be blessed,

PRESIDENT’S MESSAGE

Barry Street, CMIR, FPL/NextEra Energy President, Investment Recovery Association / barry.street@fpl.com

HOUSTON HIGHLIGHTSLEADERSHIP AND SUCCESS

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Faced with the changing economy and our organizations’ battle to stay competitive, IR leaders need to “�ght

the good fight” to show the substantial value their departments can and do provide. That means taking

the lead whenever possible on important projects while bringing fresh ideas to upper management for revenue

generation and cost savings through sound IR principles. We all know only too well, IR doesn’t get the visibility

it deserves. And it’s up to us to change that!

The inspirational session “The Leader-to-Leader Toolkit,” presented by Jerry Forte, CEO, Colorado Springs Utilities, was so timely...and powerful. Attendees learned that leadership is bigger than we think, with a far greater generational reach.

Jerry is passionate about the Leader- to-Leader concept he created and im-plemented for his (and my) organization. With thousands of hours in development and improvement, this intensive, multi-year program has helped to create a lega-cy of leadership that will sustain success in the years to come.

I work with Jerry and was privileged to be part of his original, yearlong Leader- to-Leader (L2L) training. So as I sat in the audience in Houston, I looked around at my colleagues and saw their riveted expressions as he gave an overview of the full program. Before the hour was over, my sense was that long-held beliefs were being replaced with a fresh, new approach as everyone re-evaluated their own leadership path.

I couldn’t help but think of my own jour-ney that has shaped my de�nition today: “Leadership is a choice and a desire to

help take people where they are today and make them better tomorrow.”To me a leader is a person who createsor inspires a vision or direction of the future and motivates people with thatvision. And for me that inspirationstarted with Jerry.

The Yearlong Journey Begins

“What is leadership?” Jerry asked this question on the �rst day of the L2L program back in Colorado. This class was a yearlong, intensive training for a small, select group of managers and supervi-sors within Colorado Springs Utilities. The sessions were taught weekly by the CEO and the Senior O�cer Team and included many facets of leadership. It was—and still is—Jerry’s intent and passion to share this knowledge with future leaders, leaving a legacy of true leadership that can drive success.

Jerry started with a focus on our leader-ship destiny, helping us realize our own paths and purpose. To do this, we had to dig into self-awareness, and part of that meant utilizing other tools, such as Clifton Strength Finders, DiSC, and MBTI. Learning more about your own person-ality and your strengths and weaknesses

can help you manage them to your advantage.

We also had to do 180° reviews andsurveys from our direct reports, peers, and employees. As Jerry told us, “You’d better have thick skin and be ready to suf-better have thick skin and be ready to suf-better have thick skin and be ready to suffer some ego blows, as people can really hit hard when the surveys are anony-mous.” But if you really want to learn what people think about you and the image you project, then this is the best way to do it. Needless to say, it forced me to take a deep, introspective look at myself.

And as I mentioned, Jerry brought in other o�cers within the company—each sharing their unique facet of leadership and passion with the class.

Building Blocks of Leadership Legacy

The making of a great leader starts with great character. That’s why the program focused on topics such as:

› Leading with Character› Leading as a Steward› Engaging Creativity› Emotional Intelligence› Servant Leadership› Relational Leading

Leader-to-Leader Training: The Journey Starts Here

IR’s Need for Leadership—Is That You?

It’s more important than ever for IR professionals to actively pursue new leadership skills as we assume new roles.

> Continued from Cover

FEATURE STORY

By Todd Thompson, CMIR

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Jerry Forte, CEO, Colorado Springs Utilities, presenting “The Leader-to-Leader Toolkit.”

“The aroma of leadership is people living life well because you were there.” - Jerry Forte

We had many hours of classroom work, assignments, and books to read, includ-ing The World’s Most Powerful Leadership Principle by James C. Hunter, Primal Leadership/Emotional Intelligence by Daniel Goleman, and The Speed of Trust by Stephen Covey.

The training extended outside of the classroom. We learned about every department within the organization and beyond. We took part in several City Council and Utility Board meetings. We donated our time and leadership to local nonpro�t events. It was becoming clear that the heart of a true leader was great-er and in�uenced more people than ever imagined.

The 90-Minute Journey…Leadership Is In�uence

Although Jerry’s session in Houston was only 90 minutes, he was able to share some of the L2L highlights. In a nutshell, he stressed that leadership is a combi-nation of character, competence, caring, and developmental bias that intention-ally in�uences others to accomplish the purposes of the organization. Jerry boiled down many ideas and thoughts into these words for leadership: “Inten-tional In�uence.”

Leadership…On the Job

I’ve learned so much from this expe-rience and have applied the tools and knowledge many times over the past year. For example, I use the “di�erent lens” technique that Jerry taught us. It provides a more thoughtful approach to decision-making that has helped lead me to better outcomes. I also learned to look at my own employees and other peers di�erently. They all have unique skills and personalities that I now view as positive attributes that can be leveraged in new and productive ways.

Mapping Your Journey

It all comes down to the question, “What does leadership mean to you; and if given the opportunity, how will you go about it?” All of us have to chart our own courses to grow as leaders. I recommend that you start by researching books, materials, and leadership programs—you might even �nd one within your organization.

With many IR professionals assuming leadership roles, it’s time to be proac-tive and start your own journey. And what you’ll �nd is that there really is no �nal destination, because the journey continues with an aspiring leader you’ve mentored along the way.

To invest in multiple

generations of leaders, we must

grow leaders who growleaders!

—Jerry Forte

Todd Thompson is a CMIR Fellow and the Investment Recovery/Materials Management Supervisor at Colorado Springs Utilities.

tmthompson@csu.org 719.668.7629

To download Jerry Forte’s Leader-to-Leader presentation, please visit invrecovery.org/2016postshow/

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It’s ironic. If you look and notice,everything even remotely complicated comes with an owner’s manual. What about life? What about business? The most important and basic things we all deal with every day don’t come with an owner’s manual. The result: The vast majority of people don’t operate their lives consistently with how they would if they had a manual and read it.

Here’s the good news: there is anowner’s manual both for your lifeand your business.

Here’s the �rst basic concept in the owner’s manual:

› You were born with the exact same power to create aseveryone else.

› You can create anything youare willing to believe you can.

Here’s the second basic component in the owner’s manual:

› There are only three components to anything you create.

› Field of in�nite possibilities isthe soil.

› Your thoughts are the seeds.

› Your emotions are the water.

What this means on a practical level is that there is no such thing as a neutral thought—every thought creates. Life is happening from you, not to you. You are not a victim of the world you see. You’ve created the world you see. We are always seeing the results of ourpast thoughts.

Here’s the third basic concept in the owner’s manual:

› Your emotions are the fuel that waters the soil, so you must “choose” your attitude.

There are basically two human emo-tions: love and fear. Loving emotions are like putting fertilizer on the soil—they accelerate the growth of the seeds. Fearful emotions are like putting acid on the soil—they kill o� any possibility of the seeds growing. What love looks like: joy, passion, excitement, enthusi-asm, optimism, faith, trust, con�dence, a belief in abundance. What fear looks like: worry, concern, frustration, anger, resentment, disappointment, depres-sion, a belief in scarcity. If you don’t choose love, you get fear by default!

So…if the game of life is so simple, how come we’re not all living the lives of our dreams?

Problem #1: Mostly, almost exclusively, people are unconscious about what’s going on with them.

Problem #2: Most people don’t believe they have the power to create anything.

Biggest problem: Our thinking is dom-inated by the fear-based voice of the ego. Here are some of the consequenc-es: you’re afraid—at some level— all the time, life becomes about survival, people feel isolated and alone, people go through life with their attention on themselves, and nobody listens to any-one, hardly ever. This is why teamwork in organizations is almost nonexistent. Most companies look like a bunch of people at war with each other.

In conclusion: Albert Einstein said, “The most important decision we make is whether we believe we live in a friendly or a hostile universe.” You have to de-cide what you believe. Just because you believed something in the past, doesn’t mean you can’t decide again.

Here’s how to have 2016 be the start of something great:

1. Think about what you want. Most people don’t know what they want.

2. Choose your attitude. Be loving, kind, patient, compassionate, happy, joyful. No successful person allows the circumstances to dictate their attitude.

3. Watch what comes out of your mouth. Think about what you’re about to say before you say it. Your words create your reality, your words re�ect your thoughts, and those thoughts get planted in the fertile soil and manifest.

4. Flush out your limiting beliefs.Keep only positive self-talk and positive in�uences.

5. Get into action. Start with one thing. Come up with an idea to get started. Do what’s peaceful and compelling and allow it to unfold naturally. How it’s supposed to happen is not up to you. Trust the process and give up the need to plan.

Scott Hunter gave a keynote address at the Houston IR Conference on “Unshack-the Houston IR Conference on “Unshack-the Houston IR Conference on “Unshackled Leadership.”

Scott@scotthunter.com 949.388.3774

To get what you want, you have to know what you want.The Road Map to SuccessBy Scott Hunter

ASSET 2.0 2016 : V2

Free and fast valuations!Immediate payment. Nationwide. Just send us a picture

with kW rating (over 200 kW), voltage, engine mfg., and hours of operation—we’ll send you an offer within 24 hours.

We also buy surplus gas compressors, cylinders, engines, gas turbines.

POWER & COMPRESSION SALES | MARK: 925-935-5700 | powcom@comcast.net

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> Continued from Cover

2016 CONFERENCE & TRADE SHOW - houston

COVERSTORY

Mike Rick from Green Industrial and Raphael Mulin from Proler Southwest meet-ing with prospects. A chorus of “I just ran out of business cards!” was proof positive that important connections were being made— everywhere.

STAIRWAY TO THE STARS. Members of the Board took a few minutes to pose for a picture. Not pictured were newly added Directors Matthew Swanson and David Halicks. Contact information can be found on page 15.

For four days, from March 6-9, attendees had almost nonstop opportunities to learn, network, and share ideas with peers and industry experts alike.

The larger themes of leadership and personal success framed the more business-speci�c topics of world economics, cybersecurity, ethics, and best practices as they impact IR professionals.

ASSET 2.0 2016 : V2 9

Panel Discussion: Implementing the 7 R’s of Investment Recovery with Tate Duncan, CMIR, Senior Analyst, IR, Cox Communications, Carol Espitia, CenterPoint Energy, and Steve Ekin, director surplus property, Georgia Dept. of Administrative Services.

From the ovations given to the speakers, you knew the education was world-class and well-received.

Tatiana Bailey, Ph.D., University of Colorado, provided invaluable insight with An Update for the U.S. Economy.

EDUCATION • NETWORKING • OPPORTUNITY

83rd Investment Recovery Seminar & Trade ShowSet your sights on Summerlin, Nevada, next April 2–5 for the 83rd IR Seminar & Trade Show. Looking back on the last several Investment Recovery conferences, the bar has been raised for 2017—and you don’t want to miss that rodeo!

As a group, we had Chairman’s Club tickets to take in the famous Houston Rodeo, and were “serenaded” by Pitbull. Now THAT”S how to party, y’all!”

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exhibitors 2016 INVESTMENT RECOVERY SEMINAR & TRADE SHOW

A-Line E.D.S., Inc.Waterloo, IA | (319) 232-3889On-site removal and recycling of oil-�lled high-voltage electrical equipment of all PCB levels. A-Line specializes in large transformer removal and recycling.

Aaron Equipment CompanyBensenville, IL | (630) 350-3016Aaron Equipment is a leading dealer of process equipment. We buy, sell, and trade process equipment. We also o�er appraisals and asset management services.

AMS GroupHouston, TX | (713) 426-4777 Specialty contractor and Processor of Substation Transformers, Power Plant Equipment and entire plants.

Bierlein Companies Midland, MI | (989) 205-0591Demolition, Dismantling, Environmental Services, Rigging, Asset Recovery, Recycling

Brandenburg Industrial Services CompanyChicago, IL | (630) 956-7226Demolition, Asbestos Abatement, Asset Recovery, Environmental Remediation, Excavation, Site Preparation

Cherry Demolition, Inc. Houston, TX | (713) 209-8327Asset Recovery, Industrial Dismantling, Demolition, Concrete Recycling

Clean HarborsNorwell, MA | (781) 792-5498Services include hazardous and nonhazardous waste transportation and disposal, recycling services, chemical management services, including laboratory chemical packing, household hazardous waste management services, and material and supplies sales.

CompuCycle, Inc.Houston, TX | (713) 869-6700CompuCycle is Houston’s �rst R2 certi�ed, EPA-recognized electronic recycling solutions provider. Our business focuses on refurbishing equipment for resale, reuse of components, and environmentally responsible e-cycling solutions. Hard Drive Data Destruction, Safe Electronics Recycling Practice, Secure Logistics and Handling, ISO 14001:2004 Certi�cation, OHSAS 18001:2007 Certi�cation. Reduce. Reuse. Recycle.

CPI Pipe & Steel Yukon, OK | (405) 350-8555CPI Pipe & Steel reclaims natural gas transmission lines and purchases new and used surplus steel pipe, including long, short, and reclaimed asbestos-coated pipe.

Dan-Bar, Inc.Apopka, FL | (407) 421-2818Rigging, Machinery Moving, Electrical Contracting

DT Specialized Services, Inc.Tulsa, OK | (918) 261-7826Demolition Bold Faced Company Name

Dynaprice.com, Inc.Edgewater, NJ | (201) 886-8820Provider of cloud-based data services for more pro�tably managing the complete investment recovery function, with automatic multiple exposure to buyers in web marketplaces. Serving dealers and such �rms as ATT, TI, Lockheed, Nestle, and DuPont with inventory management, internal redeployment, websites, sales promotion, external sales, and contract management functions.

Emerald TransformerIndianapolis, IN | 317-509-6220Emerald Transformer provides comprehensive, industry-leading transformer services to utilities nationwide. By focusing exclusively on the needs of the utility industry, and o�ering services covering every phase of the transformer life cycle, we have created a nationwide organization that puts state-of-the-art transformer services within easy reach of every utility provider in the U.S., regardless of size or geography.

EMRBaton Rouge, LA | (225) 413-9397Metal Recycling

Environmental Holdings Group LLCMorrisville, NC | (678) 710-5540Asbestos Abatement, Demolition Services

EPS, Inc. Wheeling, WV | (304) 232-1590Transformer Recycling, Oil Recycling

EPC St. Charles, MO | 314-922-7897Electronic Asset Management, Buying Electronic Equipment, Electronic Recycling, Data Center Decommissioning, On-Site Media Destruction

Epiq Technologies San Diego, CA | (858) 707-7290IR Software Systems & Expertise

F&M Mafco, Inc. Harrison, OH | (513) 309-7250Heavy Equipment

Federal Equipment CompanyCleveland, OH | (261) 441-9060Used Processing Equipment, Chemical Process-ing Equipment, Plastics Processing Equipment, Pharmaceutical Processing Equipment, Investment Recovery Services, Appraisal, Auction, Liquidation

FLD Inc.Delray Beach, FL | (561) 266-8512FLD is a nationwide vehicle and equipment remarketer. We assist companies with the disposal and sale of end-of-term vehicles and equipment nationwide, no matter the age or condition. FLD o�ers a technology suite that enables companies to monitor the real-time condition of their assets and current market values.

Fortune Plastic & MetalJersey City, NJ | (401) 419-7824The Fortune Group is 25 recycling facilities strategically located throughout North America and Asia, providing scrap management services to a wide variety of industries.

SILVER SPONSOR Frontier Industrial Corp.Bu�alo, NY | (716) 447-7587www.�c-services.com Demolition Services, Asset Recovery

Green IndustrialBelgium, WI | 262-476-5045Green Industrial buys, sells, and removes all types of used industrial equipment. We purchase and sell equipment related to: Power Plants, Manufacturing, MRO Supplies, Petroleum, Chemical, Mining, and Laboratories.

GSD CompaniesHouston, TX | (936) 689-3108Demolition, Dismantling, Environmental Remedia-tion, Marine Demolition, Marine Construction, Ma-rine Dredging, Asset Recovery, Industrial Recycling

Heritage Global Inc.San Diego, CA | (650) 759-2242Heritage Global Partners is a full-service, global auction and asset advisory �rm. Managing partners Ross and Kirk Dove have conducted over 4,000 auctions, spanning 30 countries. They’ve developed investment recovery programs that have been em-braced by many of the world’s biggest companies as listed by Forbes magazine.

HGR Industrial Surplus, Inc.Euclid, OH | (216) 486-4567Used Industrial Equipment, Surplus Industrial Equipment

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2016 INVESTMENT RECOVERY SEMINAR & TRADE SHOW

11

HomrichCarleton, MI | (734) 732-9271Demolition, Decommissioning, Power Plants, Asset Recovery, Remediation, Trucking & Hauling

Industrial Market PlaceSkokie, IL | (800) 323-1818Published since 1951, Industrial Market Place has the latest information on equipment to buy or sell, as well as current auction listings from all over North America. Stop by Booth #105 to receive our latest issue and to have your name entered on our No-Charge mailing list.

IRH Salt Lake City, UT | (801) 972-5581Transformer Decommissioning, Transformer Recycling, Transformer Hauling, Installation, Warehousing, Rigging Nationwide

IronPlanetPleasanton, CA | (404) 788-4624IronPlanet and our family of brands (GovPlanet, TruckPlanet, Cat Auction Services, allEquip, Asset Appraisal Services) are a marketplace for sellers to engage in the remarketing process of used and surplus assets. Auction sales are but one method of transacting. Our goal is to match your equip-ment and needs to the most bene�cial realm of selling to maximize your return on investment.

J.J. Kane AuctioneersMaple Shade, NJ | (844) 455-5263Auctioneering, Surplus Sales, Appraisals

Liquidity ServicesScottsdale, AZ | (480) 299-6553Liquidity Services can help you increase revenue from your idle equipment, surplus materials and excess inventory by using our proprietary asset recovery process.

Louisiana Chemical DismantlingKenner, LA | (504) 464-0770Second generation demolition contractor with over 50 years of experience. Plant dismantlement, entire site acquisitions and asset recovery, site remediation, engineering, budgeting and consult-ing also available.

Louisiana Chemical Equipment Co. La Porte, TX | (281) 471-4900Process Equipment Dealer

Manitoba CorporationLancaster, NY | (716) 685-7000Manitoba Corporation is a non-ferrous metal recy-cler with a focus on red metals. We buy scrap and operate facilities in Bu�alo, NY and St. Louis, MO

Midwest Steel Company Inc.Houston, TX | (713) 991-7843Plant Dismantling, Scrap Metal Management, Surplus Process Equipment

SILVER SPONSOR North American Dismantling Corp.Lapeer, MI | (810) 664-2888www.nadc1.com Heavy Industrial, Power Plant

Proler SouthwestHouston, TX | (713) 671-2900Sims Metal Management is the world largest pub-licly traded metals recycler. We handle millions of tons of recycled material in over 250 locations on �ve continents. We are committed to workplace safety, the respect of the environment, honest and ethical business practices, and maximizing scrap value for our customers.

GOLD SPONSOR OSC Bu�alo, NY | (716) 570-0715www.oscinc.com Demolition

Power Asset Recovery CorporationCanton, OH | (330) 493-1890PARC specializes in the selling and buying of electrical power transformers/accessories.

Radwell InternationalLumberton, NJ | (609) 288-9393 ext. 851Industrial Automation, Asset Recovery

Ritchie Bros.Humble, TX 77396 | (618) 231-0377Ritchie Bros. is a trusted partner in the energy sector that helps companies redeploy and recover the maximum equipment value through auctions and private sales.

Royal Bearing Inc.Portland, OR | (800) 279-0992Bearings

LANYARD SPONSOR Solomon CorporationSolomon, KS | (800) 234-2867 ext. 188www.solomoncorp.com Oil Filled Electrical Equipment Recycling, Transformer Repair, Transformer Sales, Transformer Disposal, Regulator Repair, Regulator Sales, Regulator Disposal, OCR Repair, OCR, Sales, OCR Disposal, Field Service, Field Teardown

Sonoco Reels DivisionHartselle, AL | (256) 616-2786Recycled Wooden Reels, Recycled Poly�ber Reels, Removal of Used Reels (Free Service) and Recycled CIC Reels.

Southwest Pipe Services Alvin, TX | (281) 824-0055We are an industry leader for pipeline removal, ACM abatement, PCB removal, and pipeline re-mediation. We are fully licensed and insured, and hold all the necessary quali�cations. Southwest Pipe Services will purchase your used or surplus pipe in the ground, o� the right of way, or out of your storage yard.

Steven Levy Enterprises, Inc.South Houston, TX | (713) 910-4337Investment Recovery Services, Scrap Management, Buy/Sell Surplus Equipment

SILVER SPONSOR T&R Electric SupplyColman, SD | (800) 843-7994www.t-r.com “The Transformer People”—we buy, sell, rent, repair, and deliver distribution and substation transformers and related high-voltage equipment.

TCI of Alabama, LLCPell City, AL | (205) 338-9997 ext. 227TCI of Alabama, LLC, located in Pell City, AL, pro-vides safe recycling of used and obsolete oil-�lled electrical equipment. In addition, TCI is fully per-mitted by U.S. EPA to process this same electrical equipment containing PCBs.

Thalheimer Brothers LLCPhiladelphia, PA | (215) 537-5200Thalheimer Brothers is an ISO certi�ed specialty metal processing company. We are a one-stop source for metal producers and consumers. We buy and sell a wide range of alloys, including most coppers, brasses, bronzes, nickels, stainless steels, hi-temp alloys, and aluminum.

SILVER SPONSOR United Scrap MetalChicago, IL | (708) 780-6800www.unitedscrap.com Comprehensive Recycling Solutions, Metal Recycling, WBE

Yellow Tag AuctionsSpartanburg, SC | (864) 461-2400Yellow Tag Auctions helps sellers maximize their return on idle equipment, surplus inventory, intellectual property, or even a complete facility. We can sell assets from your location or from one of our warehouses.

ASSET 2.0 2016 : V212

thank you to the Sponsors

Specializing in demolition, dismantlement, plant decommissioning, investment recovery, and environmental remediation.

Our clients rely on Sabre to plan and execute their projects with precision and great attention to detail.

D E M O L I T I O N

An experienced nationwide demolition contractor providing industrial demolition and dismantling.

“The Transformer People.” We buy, sell, rent, repair, and deliver distribution and substation transformers and related high-voltage equipment.

Oil-filled electrical equipment recycling,transformer, regulator, and OCR repair, sales, and disposal.

Comprehensive recycling solutions, metal recycling, WBE.

GOLD SPONSOR

SILVER SPONSORS

A world-class, comprehensive industrial contractor offering a wide range of demolition and redevelopment services.

OF THE 2016 INVESTMENT RECOVERY SEMINAR & TRADE SHOW

ASSET 2.0 2016 : V2

The Houston Conference featured a �rst-ever interactive session entitled “What Keeps You Up at Night?” Attendees shared their most daunting IR challenges in a friendly forum of discussion and problem-solving.

Here’s one from Houston: “How do you prevent another department or individual from going rogue—as in dismantling/liquidating assets without your knowledge or consent?”

People “go rogue” mainly out of convenience and time constraints. The solution is to be proactive in educating your organization as to the full scope of IR’s responsibil-ity and importance. This can be accomplished through the company newsletter, intranet channels, or in-house training programs. (An informal “Lunch & Learn” session is one example of how to get your message out.)

“The biggest point to emphasize is how IR bene�ts them!” Your IR team has the expertise and protocol to maximize �nancial return, minimize liability, and streamline the process. The internal IR function has a far-reaching legal and environmental impact. Once they understand how their actions could translate into legal, regulatory, and cost burdens, they will never go rogue again.

We are continuing the conversation online and in future issues of ASSET 2.0. We will pose a problem submitted by one of our members, and encourage you to share your perspectives and possible solutions.

NEXT TOPIC: “How do you incorporate (and communicate) sustainability into your IR practice?” Send your thoughts to Julie@Group365.com

WHAT KEEPS YOU UP AT NIGHT?Got problems? We’ve got answers!

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Each of the association committees met at the outset of the Invest-ment Recovery Conference in Houston. Since we are a volunteer as-sociation, active participation by members and associate members is critical to our ongoing success.

Benchmark CommitteeThe 2015 Benchmark Study was recently completed and distribut-ed to the participating companies. If you did not participate, but would like to view the results, they are available on the Investment Recovery Association website, www.invrecovery.org. Highlights of the survey results will be shared in future issues of ASSET 2.0.

Conference CommitteeThe 2016 conference in Houston was �lled with outstanding speak-ers, networking opportunities, and an informative trade show with over 50 exhibitors. Plans are already under way for our 2017 confer-ence and trade show in Summerlin, Nevada, April 2-5, just outside of Las Vegas, at the JW Marriott.

The Conference Committee unveiled a new mobile meeting app that will allow connections among all those who attended for the rest of the year. Utilizing the app, attendees were able to access the conference schedule, eliminating the need for a full printed schedule. But more important was the interaction among members during the conference. And conversations are still happening on the app even one month later!

Membership CommitteeThe Membership Committee is reviewing creative ideas to bolster membership among targeted industry groups to help promote your Association. There are many creative and motivated individu-als on this committee who are working hard, reaching out to new members. Give them a hand, and ask your prospective clients and vendors to join you in learning and networking at the only associa-tion dedicated to the investment recovery profession!

Education CommitteeThe Education Committee has completed its �rst online instruction-al video. “Asset Valuation” is the �rst topic addressed, which will be followed by topics that will help investment recovery professionals understand various aspects of their jobs. These videos will not be in-depth, but will complement the material found in the Invest-ment Recovery Handbook.  This video and others are available on the Investment Recovery Association Online Campus, which is available to each paid member of the Association. Check with your company representative for the unique user name and password to access the Online Campus. Go there today! 

News of the Investment Recovery AssociationWHAT’S HAPPENIN’

CERTIFIED! Education Committee Chair Kelly May, CMIR, and Association President Barry Street, CMIR, share congratulations with this year’s class of CMIRs. Newly certi�ed managers of investment recovery included (from left to right) John Andrews, CMIR, Salt River Project; Natasha Enriquez, CMIR, Alpert & Alpert; Deb Hollowood, CMIR, Nestle Purina PetCare; and Sammy Rogers, CMIR, United States Postal Service.

ASSET 2.0 2016 : V2

WHAT’S APP? Apropos of the association’s e�ort to utilize the latest social media and Internet technology, attendees could check schedules, provide session feedback, take surveys online, schedule appointments with others at the conference, and post comments and photos during and after the show. Attendees could even log their visit to vendor booths by scanning a QR code. To sign up, go to the App Store on your mobile device and search for Investment Recovery Association.

INVESTMENT RECOVERY ASSOCIATION OFFICERS/BOARD OF DIRECTORS

Printed on recycled paper using soy-based inks.

ASSET 2.0: The Investment Recovery Business Journal is published by the Investment Recovery Association.

www.InvRecovery.org

The ideas presented in this publication do not necessarily represent the o�cial position of the Investment Recovery Association. Techniques, concepts or approaches discussed here may not apply to your situation. ©2015. All rights reserved.

Jane Male, CAE Executive Director P.O. Box 419264, Kansas City, MO 64141 816.561.5323, Fax 816.561.1991 jmale@westerneda.com

President Barry Street, CMIR FPL/NextEra Energy +1 561.691.7429 barry.street@fpl.com

Vice President Sean Byro, CMIR Arizona Public Service +1 602.371.7751 sean.byro@aps.com

Treasurer Todd Thompson, CMIRF Colorado Springs Utilities +1 719.668.7629 tmthompson@csu.org

Secretary Kristina Waters, CMIRCox Communications+1 623.328.3274kristina.waters@cox.com

Director Paul Ho�man, CMIR Xcel Energy +1 651.229.2521 paul.m.ho�man@xcelenergy.com

Director Matthew SwansonCampbell Soup Company+1 856.342.5291matthew_swanson@campbellsoup.com

Director David HalicksTennessee Valley Authority+1 423.751.4880drhalicks@tva.gov

Associate Director Mike Mitchum, CMIRAECOM+1 713.267.2960mike.mitchum@aecom.com

Associate Director Fred Maier DeNovo Constructors+1 732.292.9675 fmaier@denovogrp.com

INVESTMENT RECOVERY ASSOCIATION 2016 TRADESHOWSEE US AT BOOTH #201

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A big hug for Kelly! Barry Street, CMIR, gives his thanks to Kelly May, CMIR, for donating considerable time and energy in six years of service on the Board of Directors. She remains as chair of the Education Committee. Thanks, Kelly!

ASSET 2.0 2016 : V2

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