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Business Leaders of the Year Alumni Magazine

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VO L . X X V I N O. V I § 2 M A R C H 2 3 , 2 0 2 0 12 2008 Chip Morrison Former president / Androscoggin County Chamber of Commerce What he is doing today: Your request comes at an interesting time for me as I am about to retire (for the third time). So when you go to press my title may be retired — or I may be in another career by then. For the last four-and-a-half years, I have been a business development officer for Androscoggin Bank, a growing organization of 175 employees. Key lessons learned as a man- ager: e work you do is your calling card for the future. You continually need to learn new things and pick up new skills along the way. The only constant in the world is change. Advice to Maine's next generation of business leaders: e next generation will be working in an environment much more complex than the one I started in 1968. My advice for them is fairly simple. • e two most powerful words in the English language are "ank you," and they are not used enough. • Everyone you meet, you meet again — and they will remember how you treated them. • What you do is far more important than what you say. • ere is no substitute for hard work. It's amazing, but I have always found that the harder I work, the luckier I get. What's next: Who knows? I am always looking for interesting and fulfilling work Kent Peterson President and CEO / Fluid Imaging Technologies What he is doing today: I con- tinue to serve as president and CEO of Fluid Imaging Technologies. We have 30 team members. Key lessons learned as a man- ager: Several tenets of my manage- ment style which have served me well include: • Focus on the organization and people first. Know that without a strong, motivated and professional team, it would be like navigating the business world with one hand tied behind your back. • Delegate, empower and sup- port all employees in their respective capacities. is will, over time, lighten your load and provide a more fulfilling professional experience for all employees. • Focus on execution of any business plan, endeavor or project undertaken to ensure successful completion. Fewer completed initiatives are far more valuable than many underway which don't provide any return on invested time or resources. Advice to Maine's next generation of business leaders: Bake in the notion that change and improvements are good for the orga- nization. Create an organizational culture to embrace experimenting with new ideas and approaches to problems or opportunities. Also, plan to engage on a national and international basis as there will be an order of magnitude of available opportunities, as well as reaping the rewards of geographic business diversification. What's next: Fluid Imaging has pioneered dynamic flow imaging microscopy for 20 years in many water and industrial markets. is year commercialization efforts will also be directed toward life science applications beginning with a proprietary approach to rapidly identify blood-borne bacteria (sepsis) in order to bring proper antibiotic treat- ment on a timely basis. is same technology then could be applied to Legionella (drinking water), Lyme disease and circulating tumor cells (early detection of cancer). Chip Morrison, former president of the Androscoggin County Chamber of Commerce, brought energy, innovation and growth to Lewiston and Auburn while leading the chamber. COURTESY / CHIP MORRISON Kent Peterson is president and CEO of Fluid Imaging Technologies in Scarborough. COURTESY / FLUID IMAGING TECHNOLOGIES The two most powerful words in the English language are 'Thank you,' and they are not used enough.– Chip Morrison Create an organizational culture to embrace experimenting with new ideas and approaches to problems or opportunities. – Kent Peterson

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