Richard Hervey holds a B.A. degree from the College of Wooster, a B.S. and M.S. in mechanical engineering from the Massachusetts Institute of Technology, and an M.B.A. from Rutgers University. His industrial experience began as a Research Engineer at the Western Electric Company’s Engineering Research Center. Later, he served as Vice President-Engineering of Winters Foundry and Machine Company, an aluminum foundry and machine shop supplying complex, finished products to automotive and mobile equipment markets.
In 1971, Mr. Hervey joined ASPRO, Inc., an American Stock Exchange Company serving the automotive, mobile equipment and electronics industries, as manager of Business Development. He was promoted to the presidency of ASPRO’s Kraftube Fabricators Corporation subsidiary. In early 1974, he left ASPRO to found Sigma Associates, from which he retired in 2000.
Sigma Associates was an international automotive- and capital goods-oriented management consulting firm serving automakers and suppliers. Activities included counsel in strategy development and deployment, including organizational design to implement change strategies; technical, market and industry analysis; and investigation of strategic alliances, networks, and other forms of business cooperation.
Various aspects of automotive general and technology strategy and product development and their implications to both automakers and suppliers, supplier management, realistic cost systems, and better decision processes have been focal points. Clients were mainly based in the United States and Western Europe, although we also had fairly in-depth knowledge of Japanese industry.
As an offshoot of his work with Sigma Associates, Mr. Hervey, in 1975, founded Consolidated Metallurgical Industries, Inc., and served as its Chairman until July 1980 when its principal shareholder bought out C.M.I.’s minority shareholders and took over the management of C.M.I.
Mr. Hervey is a member of the Society of Automotive Engineers and serves on the Board of the Center for Automotive Research.
Mr. Hervey was regularly called upon to speak on general management and automotive-specific matters at professional conferences around the world and is frequently quoted by journalists. He is fluent in French and has a working knowledge of German.