Sponsored by George Fox University
Home Back Issues January 2007 VIP: Harvey Platt, CEO of Platt Electric

VIP: Harvey Platt, CEO of Platt Electric

| Print |  Email
Archives - January 2007
Monday, January 01, 2007
{safe_alt_text} Photo by Stuart Mullenberg

ViP

Harvey Platt

CEO, Platt Electric
Beaverton


Even after 20 years, Harvey Platt still feels like the accidental head of his family’s 53-year-old wholesale electrical supply business, Platt Electric. “I thought I’d always be someone who worked for his brother,” he says of filling the void left by older sibling Jerry, who was Platt Electric’s president when he died from cancer in 1986. “I never planned to be in charge, which is why I’m so encouraging of employees to work their way out of the warehouse. You don’t start at the top, but you can get there.”

This scenario is familiar to Platt as he was, literally, sent packing to the warehouse after college in 1972 to wrap and ship electrical wire because his father said “that’s where his real education” began. After a year, Platt tried his hand at sales, then administration and purchasing, where he spent the next 14 or so years before losing his brother. He wasn’t prepared to take over and learned quickly how he and his brother differed in their management styles. “Jerry’s approach was ‘I will tell you everything you need to know,’” says Platt. “I was big on training people so they could figure things out for themselves. That was a tough transition, but it’s proven fruitful.”

In 1997, Platt became CEO and his cousin Jay took over as president. Jay’s leadership, he says, has helped strengthen the family-business side of their corporate culture: a model built on performance and enthusiasm, not fancy degrees.  “If you hire the right people, give them incentives and a good corporate culture, they’ll stick around,” says Platt, adding that four of his regional VPs started in the warehouse. “Our electrical wire isn’t any better than anyone else’s, but I think our employees are happy and it makes all the difference.”

— Stacey Wilson

 

Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Who said we should sell in May?

Contributed Blogs
Friday, July 18, 2014
BullMarketBY JASON NORRIS | OB GUEST CONTRIBUTOR

Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”


Read more...

13 West Coast seafood species now 'sustainable'

News
Tuesday, June 03, 2014

Fishing OrBiz Fishing 0357 ADOBErgbCiting the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.


Read more...

OB Video: Dress for Success

News
Wednesday, July 02, 2014
DFSOBY JESSICA RIDGWAY | OB WEB EDITOR

Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.


Read more...

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


Read more...

The global challenge

News
Friday, June 27, 2014
062714 thumb globalmarketBY JASON NORRIS | OB BLOGGER

Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.


Read more...

OB Video: Oregon MESA

News
Thursday, June 26, 2014

ThumbOregon Business hosts an informal roundtable discussion about the Oregon MESA (Mathematics, Engineering, Science Achievement) program.


Read more...

Trends in business succession

News
Thursday, July 03, 2014
TrendsBY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS

The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS