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Paul Reitz
President & Chief Executive Officer, Titan Company Limited

Reaching Team Potential: Insights from the Connected Teamwork Podcast with Paul Reitz

🎥 Jun 10, 2024 📺 Carson Heady ⏱ 31m 👁 17 views
Welcome to another powerful episode of the Connected Teamwork Podcast, co-hosted by Hylke Faber and Carson V. Heady, where we explore the essence of building truly connected teams. In this episode, we sit down with Paul Reitz , CEO of Titan International, Inc., to uncover the secrets behind creating a cohesive and high-performing team. From the parallels between sports and business to the importance of trust and feedback, this episode is packed with practical wisdom for leaders striving to foster genuine connectedness within their teams. "In sports, business, or life, if you have a connec...
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About Paul Reitz

Paul Reitz, President and CEO of Titan International, has discussed the importance of connected teams and trust in leadership. In a June 2024 podcast appearance, he stated that "if you have a connected team you're gonna do much better than a much than a more disconnected team 100% of the time." He also emphasized learning from failure and taking feedback seriously, saying "the best achievement has been... when I've looked to invest in relationships and take every bit of the feedback that I'm given." Reitz has also spoken about Titan's operational resilience during the COVID-19 pandemic, noting that the company "kept operational through the entire pandemic" and "didn't miss 20 days total." He has commented on the company's hybrid work model and its decision to move its headquarters from Quincy to St. Charles, Illinois, while maintaining operations in Quincy. Reitz expressed a desire for more recognition from state officials for keeping jobs in Illinois, stating "I wish the state would give us more credit for that." He has also discussed the need for strong supplier relationships, saying "the days of just kind of sitting at your desk... and everything just shows up are gone."

Source: AI-verified profile updated from Paul Reitz's recent appearances. Browse all interviews →

Transcript (27 segments)
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Narrator0:07
Welcome to the Connected Teamwork podcast by Grow Leaders Network. How do we learn to truly thrive together? How do we stay connected to our authentic selves, each other, and our purpose as a team, especially when challenged? How do we unlock the deeper levels of group intelligence? Enjoy this episode of the Connected Teamwork podcast and learn practical tools to evolve the connectedness of your team to its next level.
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Hil Farber0:41
Welcome to the Connected Teamwork podcast. I'm your host Hil Farber. I'm here together with my co-host Carson Hedy and also guest Paul Reitz from Titan International, CEO there. Paul, how are you doing today?
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Paul Reitz0:56
Excellent, excellent. Thank you for having me. It's an honor to have you.
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Hil Farber1:01
Before we get to know Paul, I want to say a little bit about this podcast. So we talk about connected teamwork. This is episode 53, and every single one of those podcasts we're looking at this question: how do you build true connectedness in your team? And as we all know, that's more an art and a science and a practice that can be pursued in all kinds of different ways. You know, we all know when a team is humming and it feels good and things get done easily and it's creative and we have the difficult conversations routinely and there's like a lightness even with great intensity. And we also know when it's not working. And to get from those places that are not working, when the wind's a little tougher, and to get back to connectedness in those places when there's tough feedback or disagreement or accountability has not been met or somebody doesn't feel seen or whatever it might be, that's where the work of the team leader really comes in. Of course, besides setting the ground, I'm very pleased we are here today with Paul Reitz. Paul has been in the executive suite for Titan International for well, 15 years almost. He's currently the CEO since 2017, where he oversees the strategy and execution of their global operations. He puts the emphasis on building an incredibly well-connected global team of more than 9,000 employees. Right now they are investing in the industry's best research and development. They have more than 20 manufacturing facilities and counting because they keep doing acquisitions, I think, and thousands of independent dealers throughout the world. He's also been the president of Titan and also the CFO. And he's very invested in his team. When I asked him just before this podcast what his stretch area was, he replied to me, 'Well, I'm really interested in the stretching of my team. That's always been my focus, being present and helping my team.' So what a better guest can I think of having Paul with us? So Paul, first question for you: how have you been learning about building connectedness in your teams? Tell us about that.
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Paul Reitz3:09
I think there's a link between competitive sports or whatever arena you choose to compete in and the aspect of business. And so what I've seen, and some of the board members have taught me in the respective companies they've run, is that if you can find individuals that have learned that prior to experiencing in business, they're going to look at it differently, digest it quicker, and be able to take actions to get through those moments of disconnectedness and challenges that we're all going to experience. So for me, I love sports growing up. I had a dad who pushed me into sports, and I went along with that. At times, probably he was my biggest competitor, and I wanted to whoop his tail as much as anybody else's. That was just a great way to learn competition when your dad wants to take it out on you and doesn't care if you lose. So for me, the failures in sports, whether you failed as an individual to not help support your team or your team didn't perform to the ability they were capable of, learning that throughout my younger years and I did participate in sports through college, I feel like that just gave me a nice leg up in business because those challenges are going to be there. And I do believe in sports, business, life, if you have a connected team, you're going to do much better than a much more talented disconnected team 100% of the time. So again, I think it's those learnings and those failures through sports taught me that let's do this as a team because we're going to be better off.
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Carson Hedy4:54
Paul, I love that you made that correlation between sports and business. I believe strongly in the same, especially in the way of not only how people approach their business world from a competitive perspective, but also how to work together as part of a cohesive unit. It's not all about being the shining star. How do you get the assist, help others shine, help others score, and then ultimately they win, we win. There's a great book as well that I read this past year by Dr. Bob Rotella, who's a famous sports psychologist, and it's called 'How Champions Think.' There's a lot of great sports mindset books out there, and lo and behold, a lot of these folks that are proficient athletes and coaches now also thrive in the business world doing training and things of that stature. Another correlation and parallel between the business world and sports is that there's a lot of losses, a lot of learning experiences. Your organization has gone through a lot of changes over the last several years as well. You've had some great peaks and high points, but obviously also changing within the digital era, how you even do your role. How have you and your team transitioned through the last several years of changes within Titan? I know you lead a global organization. What have you seen as some of those things that have really helped your team develop more connectedness through the changes that you've come across?
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Paul Reitz6:27
Relentlessly focused on the team and our performance every single day. We operate in a cyclical end market that is typically going to see cycles that go up and down on about a three to five year curve. So we do have experience in dealing with it, but I think more importantly, what has separated us from others during times like that is that we're absolutely focused on how do we perform at the highest level as a team, realizing that in difficult markets you're going to have failures, you're not going to feel like you're winning, but you have to perform at your best every day. That means you can't have people wandering off into the wilderness on their own, making decisions that are in their own self-interest and not doing what's collectively right for the team. The reason why that becomes even more heightened during these periods is because you can't take a step backwards; you've got to try to take every step forward, if not just hold your ground. So it's taken a number of years to do this. I can say it today on June 10th, but I can tell you it's taken a number of years to build a team with that mindset. One of the things I'm proud of at Titan is that if you look at our top management team, roughly 30 to 40 people, that entire team has been together over the last five years. So you think of all the challenges over the last five years, we've had zero people that have said, 'You know what, I don't want to be part of the Titan team.' But during that time we've had some biggest challenges you can experience right now: an end market that's down, obviously we had the pandemic. So that's one thing I'm proud of that says what we built before this five-year period with the team, with the culture of the team, is really what got us through this period. Again, I think it comes back to the same thing with sports. You're going to fail, you said it Carson, you're going to lose. Learn how to lose because in that process you're going to learn how to wake up every day, do the best you can for your team, which means you're going to have to work hard for yourself but you're not going to get the credit for yourself. It's got to be about the team winning. So again, we built that culture at Titan and I think it's really shown itself in the last few years.
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Hil Farber8:40
So if we were to put a camera in your leadership room, where you're all together right, and we would have seen or witnessed a piece of maybe difficult news coming in over the last few years that came in, something happened that you did not like or didn't want, and that's part of life, part of business. How would we have seen people in your team respond? And maybe what might have been some things that they had to grow through? Because it sounds like you have a really high level of trust where growth happens easily.
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Paul Reitz9:12
It starts with trust. With trust as a basis, in a situation that you just highlighted, you need to acknowledge there's a problem, a failure, an issue, and you've got to do that quickly. So if we are failing, if we're on a bad path somewhere, let's fail fast. Let's acknowledge that we're not going in the right direction and let's do something about it. So what you'll see in our management meeting is exactly that. Let's not just walk in there pat everybody on the back and say all the good things. Let's acknowledge where we're off track. Let's be honest and forthright with each other, realizing also because we trust each other we can do that. So what I really enjoy about our team meetings, we do them virtually every two weeks with the whole global team. We get together in person, and the in-person ones are clearly better because we can get to those issues fast, but I'll say even virtually we've gotten pretty good at it. We'll spend about two hours, we get to the issues and we talk about them straight on. If this is what we need to say, then let's say it. There's going to be no hurt feelings because the process of making the team better, you're going to have some scars, you've got to build up some scar tissue. I think across the board, we operate in a lot of different countries, a lot of different cultures within the environment of our team, and I'm really proud to say that culture at Titan is consistent everywhere across the whole team.
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Hil Farber10:48
So if we were to look at how that has developed, because what you're speaking about is a culture that's an aspiration for many teams to get to, and some teams never get there. So how has your team developed that muscle where things can be easily discussed? And how is the trust being developed? Can you tell us about that a bit more?
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Paul Reitz11:10
That did take time. I think trust in a lot of cases you have to invest in it. It's easy to read about it, you can put slogans around a conference room and charts and you can feel better that you're trying to build trust, but it really comes from actions. Actions take time for people to feel confident that you've built the muscle that's there to support the trust needed to operate as an effective team. So for us, our slogans are pretty minimal. You could digest them in about 30 seconds. What we avoid is a lot of nonsense that we're not going to do. If we say it, we're going to do it. If it's printed on a wall, we believe it. With that, we built the trust in each other as a team that the actions we take are going to be in the best interest of our customers, our shareholders, and our team. Also, I have to set the right tone as a leader. I have to behave that way, and I have to do that consistently because the second I trip up, they're going to pick up on that and you're going to lose that trust with them. So it starts with me, a lot of consistency in how I behave. All those things I mentioned about when you fail, admit your mistakes, acknowledge your issues, let's get to the crux of the problem and move forward, it starts with me. So that took some time. They had to believe that this is who I am and this is how I'm going to operate consistently. If they fail, I'm not going to blame them. We're going to figure out how we did it together. The real failure starts with me. I only fail if I don't address the problem because we're going to make mistakes. So I'd like to say there's an easy way to build trust, but I don't really think there is. I think you've got to do it consistently day after day after day, like sports, a lot of practice for a two-hour event.
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Carson Hedy13:03
Constantly investing in people and process. And you know, Paul, you said a couple of things that were really poignant to me earlier. I'm kind of alluding to lessons that have been imparted to you from people like on the board. That shows me that you're continuing to learn and accumulate knowledge and experiences. Furthermore, even about the relentless focus on the team, how you're all continuing to learn even when you don't feel like you're winning. I think it's important that we take stock. There are times in our business where things might feel a little bit stagnant, but it's important to look back and say, 'Hey, look at the trajectory, how far we've come.' A lot of leadership isn't sexy; it's keeping a steady hand on the wheel. There are times like that where monotony is better than misery. Someone shared with me earlier this week a TED Talk from management historian Martin Gutman, and it's 'Why Do We Celebrate Incompetent Leaders?' The moral of the story was sometimes in history we may go toward people that are brash and big talkers, but the real better leader is someone who, even if they've failed, have a lot of great experiences and they've accumulated some of these. I'd love to hone in on great lessons that have been imparted to you by trusted leaders, maybe the board or others that you've had as part of your sphere, and also maybe even pivotal experiences that you've had along your leadership journey, right wrong or indifferent, win lose or draw, that have really changed the way that you see things as a leader.
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Paul Reitz14:42
Yeah, that's something I've been blessed with. I've had a number of leaders around me that have imparted knowledge and wisdom. They've done it in a caring way, and I can think of a few real critical moments. But the one thing I will say, and I go back to what I said with my dad, is my dad taught me to live in the perspective of the real world. I jokingly said whenever we competed against each other, he wanted to whoop my tail. That's kind of how we live life. You're not automatically going to be a winner, and your dad's not going to let you be a winner; you're going to have to earn it. So what it taught me is work hard but live life with your eyes wide open. My dad was in sales and he started life as a finance guy, so he had these multiple perspectives on life. I went to school to become an accountant, started at Deloitte and Touche, but then I went and got my MBA in marketing. So I kind of followed his path. If you can look at the world from multiple vantage points, you're going to live your life with your eyes wide open, and what you do then is you learn because you realize that everybody sees the world differently. So when you're trained in accounting and trained in marketing, polar opposites, you can walk into the room and say, 'Well, I understand your point and I understand yours. Let's figure out how we can bring those together for the best solution.' I think that really helped me a lot. A lot of that was just luck, something my dad got into. He was a finance guy that got into sales because they had a sales opening and said, 'You better go take this job, just go do it for a year, we'll move you back to the corporate office.' He ended up retiring in sales. That lesson from him about how he saw the world from those two vantage points, I applied it early on and I think it's really helped me. It just comes down to if you can live life with your eyes wide open, there are so many learning opportunities around you, but you've got to put down your shell, put down your guard, and you've got to be willing to say, 'I don't know everything,' and there are a lot of really smart people that know more than I do. I can think of critical moments, some of them were failings, where people sat me down and said, 'If you don't change your attribute here, you're never going to get to where you want to be over there.' For a week or two I was pretty upset, and then all of a sudden it just hit me: 'You know what, I think Gordon was trying to tell me something really important here. Stop being a knucklehead with your own mind and just understand the lesson he's trying to teach you.' So I really get that ability to just live life with your eyes wide open. There are opportunities to learn, but so many of us it's easy to keep your head down and look at the world from your own lens and think, 'Man, I'm just doing things so good.' We all want to feel good at the end of the day. Maybe because my dad wanted to whoop my butt in sports when I was younger and I didn't feel good a lot of times, that helped me to have a different perspective on life. You just got to keep learning and trying. I've been fortunate, but by doing that, I've had the right moments where I had some people around me who really cared about imparting that information. That's the other part: you can't just read it in a book because that's one source of information, but you need those people around you. It could be a spouse, a friend, work associates. Wherever it comes from, when somebody tells you something meaningful and they know you, those are the moments you need to listen. Sometimes those are really painful moments because you hate to hear from people that truly know you, but those moments are so invaluable, especially when you hear it a couple times in a row. When you hear it a couple times in a row, it seems like, 'Oh, this might be something that I should listen to.'
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Hil Farber18:23
Now we're going to take a break in a moment. I hear in you this very strong combination of keeping my eyes wide open and also not being afraid of being hit on the head a little bit and being uncomfortable. That doesn't have to preclude the other. You have that sort of sense of 'I can do this, living with my eyes open and absorb whatever might be uncomfortable.' After the break, Paul, I want to hear a little bit more about some of those uncomfortable feedback moments and how you live through those, especially for those of us who might not find it as easy. You're listening to the Connected Teamwork podcast with my co-host Carson Hedy and Paul Reitz, CEO of Titan International. See you after the break.
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Narrator19:10
You are listening to the Connected Teamwork podcast by Grow Leaders Network. Do you want to learn more about building the next level of connectedness in your team? Please contact Grow Leaders Network on LinkedIn. And now back to the show.
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Hil Farber19:31
So, eyes wide open, eyes wide open. Paul, tell us more about a feedback moment, maybe it was with Gordon or somebody else you mentioned earlier that's in your mind right now. What was the feedback like and how did you work through it?
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Paul Reitz19:47
Well, I think if all of us were honest, in the moment feedback hurts because most of the times in life people don't pull you aside and give you honest feedback and say, 'You know what, you are the greatest, you are the best.' That just doesn't happen very often, if ever. So usually the feedback you get hurts. I've had some really good people I've worked with who have gotten to know me and they saw some ability that they said, 'If I invest some time in him, I think it's got some rewards for them.' I think that's the other part: the mentors want to feel like they're going to get something from it as well. So you need to do it with your eyes wide open. The chairman of our board, a gentleman by the name of Morry Taylor, he's a charismatic, colorful guy, ran for president in 1996. Him and I could not be bigger opposites, but the adage in life and relationships, opposites do attract, and him and I have formed a great bond through really just honest, direct feedback. Whatever Morry says to me, I'm not going to take it personally. I'm going to listen, and most of the time he's good. If he's saying something, he's on the right track. If he's not, I'm going to tell him I don't agree. At other times when he's not on the right track with stuff, I will tell him, and we can be going at it for five, ten minutes, and next thing you know one of us will say, 'It's time for lunch, you hungry? Let's go.' And it's just done. I think when you find those type of people in your life, family, friends, work mentors, wherever it comes from, you can build a relationship like that where you can speak honestly and directly. One, you're going to get better, but you get better quicker. It doesn't take as long to get to the point you're trying to get to, which is we all want to get good quality feedback, work on our flaws, try to do better at what we're doing, whether it's personal relationships, be a better spouse, a better parent, better at work. But you need that feedback from people that you can trust. I think a lot of life is about trust, and I've been very fortunate with somebody like Morry Taylor, another gentleman Gordon Henry. When they give you that feedback, it's great. For Morry and I, it's a two-way street, and that's really valuable. Most people look at it as Morry's the charismatic, colorful guy. 'How do you two hit it off and have such a great relationship?' I don't know the answer to that, but a lot of Morry's closest friends have told me, and this is a compliment to me that always let me know I'm on the right track, is that Morry with his charisma, you mentioned it earlier, charisma can kind of dominate situations. Morry's charisma has a tendency to do that, but one of his closest friends pulled me aside once and said, 'You are the only human being I've seen on the planet other than his wife that when you talk, he stops and listens to every word coming out of your mouth.' So for me, that was a great compliment to know that I don't have to change my personality. I can be who I am. So again, going back to that, how do you move forward? We don't have to change who you are to do it. Sometimes when you read a book, you start trying to change who you are. You can be who you are and still move forward.
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Carson Hedy23:09
True. Often it's massaging even just different behaviors, different ways that we show up or how we work with others. I do recommend often to different folks that I mentor and coach 'How to Win Friends and Influence People,' mostly because of the influence element. You've got to earn the right to influence folks. I love the fact that you called out, Paul, that opposites attract often. I definitely did in my marriage. Relationships that make each other better, you have a gap, I have a gap, how can we ultimately arrive at better outcomes together because they have a different perspective and way of doing things. One of the things that I'd love to explore too with you is any other personal principles or habits that you have that you believe contribute to your success as a leader and also building connectedness within your team.
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Paul Reitz23:55
Yeah, this is an old one and I learned this going back to grad school, which is a long time ago, close to 30 years ago, not quite. There was a book called 'First, Break All the Rules.' At the time I read it, I didn't have enough work experience to necessarily apply it, but I had a good teacher that told us about the book and we should all read it and then talked about it. I went back and read it multiple times as I got more work experiences and I knew how to apply it. One of the principles in there is we all want to try to work on the people that you classify as a 100. What this 'First, Break All the Rules' is saying is put your efforts into the good folks. By doing that, you're going to rise the seas for everybody, and the bad performers either they're going to jump on the wave or they're going to get out. That really is effective. In a lot of cases, what you end up doing is dedicating too much of your energy, your time which is limited, into the mediocre to underperformers because you're thinking you could push things up. What I've seen is that's worked much better. It's just going back to this book from almost 30 years ago: let your leaders be your best people and let them pull, but at the same time you've got to make sure they're doing it the right way. So it's your job as a leader to make sure the people you designate as good are the ones that are truly leading in the way that you set the principles and the structure for the culture of your company. You can't let them do that; you have to do that part. For me, that's been very successful. I do have one quick story, I'll make it short. My daughter plays soccer and she loves the game. Her high school team here recently, it's her senior year, our high school team was struggling. They had ability, but they had ability. I pulled the coach aside and I said, 'Look, you know soccer, I do not. I do understand teamwork.' I gave him some principles along the lines of what I just said. He applied them, he listened, he applied them. We had a few follow-up meetings. He went to the underperformers, which included some of the parents who were causing some of the underperforming, and he hit it on the head, nailed it, put an end to it. Two and a half weeks ago, they won the first state championship in the history of her school, which is a large school, the highest class in the state. For me, that was some personal gratification. It's one thing to do it at work, and by the time you come home nobody cares about what you did at work, but to see it happen in your personal life for her, her as a team captain holding a trophy above her head, it really all came down to the team had some talent, the coach knew how to coach and he knew soccer, but that teamwork piece was missing because they were letting the bad underperformers have too much of a say in how the team performed. We just flipped that paradigm and boom, state championship. So good personal story. Congratulations.
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Hil Farber27:08
Amazing, amazing story, Paul. We're getting towards the final minutes of our conversation. I'm already having one takeaway that probably will take with me for the rest of my life: that lunch happens after feedback. Knowing that actually gives us a sense of safety, like okay, we're going to have this conversation and then we'll have lunch, or whatever the lunch verbally might be. I think that's a very strong way to think about that. Paul, as we're wrapping up this conversation, what would you say to a team leader who's currently facing disconnects in his team of whatever form, like conflict or not performing or fractions or whatever it might be? Where to start?
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Paul Reitz27:47
This takes longer, but I do think it's the right way to do it. It starts with you. It starts with your actions. They need to see it from you. You can't just say it, you can't write it on the wall, you've got to do it, and you've got to do it consistently. You can't mess up, you can't slip up along the way. The trust that you build from it will build muscle within your team that will get you through anything. But it does take longer to do that. If you start calling out other people's problems, making it other people's issues not your own, it can get in some situations you need to do that to solve a very discreet situation. But if you're talking about the broader landscape of connectedness and building a strong team, it starts with you. Period.
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Hil Farber28:38
Couldn't agree more. We call that the 1% principle: always focus on your 1%, and the 99% might just happen however it will. So thank you for that, Paul. It's been amazing to hear you today. Carson, what would you like to say by way of closing today?
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Carson Hedy28:53
Yeah, no, this was great, Paul. Thank you for this. A couple things that really stood out to me during the course of the conversation. Number one, the best feedback is the feedback that absolutely hurts. I think it ties into what you said at the close, which is even taking it one step further, think about where you might be your own biggest blocker. Where are you putting up blinders or putting up armor around realizing what is it about your style or your way that is holding you back from truly building connectedness within your team? I shared with you before we jumped on here, in my 20s it was all about climbing the ladder, moving up, and personal achievement. But the best achievement has been when I've looked to invest in relationships and take every bit of the feedback that I'm given from people that know me, even when it hurts, especially when it hurts, and acknowledging and understanding where I can improve myself by heeding their wisdom. So thank you so much.
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Hil Farber29:58
Absolutely. Any final words from you, Paul?
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Paul Reitz30:01
No, thank you. I really appreciate the opportunity to work with you guys today. Love what you do and your insights, so appreciate it.
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Hil Farber30:09
And thank you, Paul. You've been listening to the Connected Teamwork podcast. Lunch comes after feedback. Primary priority is how do I make my team successful and focus on the parts that are winning and don't get distracted by the things that are not, and always start with yourself. It's been an amazing journey, Paul. Thank you so much. Paul is the CEO of Titan International. This was episode 53 of the Connected Teamwork podcast, where we help teams and leaders connect more deeply to their innate potential and thrive together. Thank you and see you next time.
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Narrator30:45
Thank you for listening to the Connected Teamwork podcast by Grow Leaders Network. Take a moment to reflect on what you learned today that can help build your team. Also, if you like, think about one of your team members and what you appreciate about them. Let them know. Enjoy connecting more deeply to what is great about them, and see you next time at the Connected Teamwork podcast.