Stephen M. R. Covey
Stephen M. R. Covey is Co-founder and CEO of CoveyLink. He is the former CEO of Covey Leadership Center. A Harvard MBA he joined Covey Leadership Center as a client developer and quickly became national sales manager and then President and CEO.
Under Covey's leadership they created and executed a vision of CLC becoming the premier leadership development firm in the world. CLC expanded throughout the world into over 40 countries greatly increasing the value of the brand and company.
During his tenure as CEO, his attention on creating value for customers nearly doubled revenue to $112 million, and his focus on execution increased profits over 1200%. He significantly increased the company's free cash flow and turned around an upside-down balance sheet. When Covey took over as CEO, the company was debt-laden and valued at only $2.4 million; within 3 years the value increased to $160 million in a merger he orchestrated with then Franklin Quest to form FranklinCovey. After the merger Covey led the Organizational Business Unit of the new enterprise to the highest profit and revenue performance achieved since the merger in 1997.
Over the years, Stephen M. R. Covey has gained considerable respect and influence with the executives of Fortune 500 companies as well as mid-and small-sized organizations he consulted. Prior to becoming CEO he personally led consulting teams that implemented principle-centered leadership in numerous clients including the Saturn division of General Motors, Pepsi-Co, Marriott International, Conoco, Du Pont, Cummins Engine, Eli Lilly, Shell, Occidental Petroleum and many others.
Covey currently serves on the board or advisory board of six companies, including LGE Performance Systems-creators of The Power of Full Engagement and the Corporate Athlete Training System-where he serves as Advisory Board Chairman. His new book Business at the Speed of Trust is expected to be released in late 2005.
He and Link together were responsible for the branding strategy that led Stephen R. Covey to join Oprah Winfrey, Bill Gates and others as one of Time Magazine's most influential Americans.