Moffatt Products, Mark Moffatt chosen as 2021 NextGen to Watch by Family Business Magazine
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2021 has been a year of change and growth for Moffatt Products. From our new clients to new opportunities, it’s amazing to see all the things we’ve been blessed with in the past 9 months. We are privileged to announce that Moffatt Product’s president, Mark Moffatt, has been chosen as one of Family Business Magazines 2021 NextGens to Watch.
Family Business Magazine is a prestigious publication and we’re honored that Mark was able to be included with so many other future faces of small business. It’s always been our honor and pleasure to treat our clients with respect and kindness. While it’s never the goal to win awards or recognition, we’re so happy that we get to share that distinction with so many other deserving folks and business leaders. Here’s the section of the article that features Mark, but please see the link below to read about other future business leaders that are making waves today!
Mark Moffatt, Moffatt Products Inc., Watertown, S.D.
Mark is the third-generation president of Moffatt Products. The company provides mounting solutions to position and support medical devices and other industries and applications.
Shortly after earning a master’s degree in athletic training from the University of Utah in 2013, Mark received a call from his dad, Dave, who asked him to consider coming back to the family business.
“He has had to learn how to operate a manufacturing business from the inside out,” says Stephanie Larscheid, executive director of the Prairie Family Business Association. She says Mark is serving as a “visionary” in the Entrepreneurial Operating System, “helping his team simplify and stick to a business plan that will result in profitable growth with emphasis on maintaining a healthy organizational culture along the way.”
Mark recently took over the president’s role from his father, who retired on June 1. “Mark is an eager learner and has worked his way up through the business, earning the trust and respect of long-time employees along the way,” Larscheid says. “He’s well respected and a trusted leader, and the employees are confident in his abilities as well as the future of the business.”
“My passion is to cultivate a healthy organizational culture along the way to pursuing more growth with innovative solutions at Moffatt Products,” Mark says. “My athletic training education and experiences taught me to keep calm under pressure and weigh short-term needs against long-term outcomes. I feel those familiar dynamics in manufacturing design projects. I have to get the designs right as quickly as possible, but also plan for the long term in order to keep those items supplied on-time and profitably.
“Every customer, vendor and employee wants to be treated with respect and expects our team to give their best performance every day. It’s exciting to create new products and rewarding to build a solid team and company culture that adds value to all stakeholders.”
Mark’s grandfather was a founding member of the Prairie Family Business Association (PFBA) in 1993, and Mark is now chair of the advisory board. PFBA helped the family and their team prepare and communicate a transition plan.
Mark is also an advisory board member for South Dakota Manufacturing and Technology Solutions as well as Watertown Development Corporation.
Check out the other NextGens to Watch at Family Business Magazine.
Interested in seeing how we do things at Moffatt? While some things change, others stay the same. At Moffatt Products, We still believe in treating our customers with respect and kindness. It’s our honor to work with you to problem solve your engineering challenges, coming up with cost-effective, reliable solutions that work. If you’re curious about what we can do for you, give us a call or email! We’d be happy to walk you through a no-pressure phone call to see how we can help.