After 15 years of service in the manufacturing, engineering, and maintenance groups of the Consumer and Personal Products Divisions at Johnson & Johnson, Rich Panico decided to dedicate himself to a new business venture. He founded Integrated Project Management Company, Inc. in 1988 on principles of quality, trust and honesty.
Rich has since built IPM into a company that serves global giants and startups alike – always on the same set of values. In 2010, he was the recipient of the William C. Pollard Award for Business Ethics presented by the Oak Brook Executives Breakfast Club, and his company has been honored multiple times for workplace ethics by the Better Business Bureau. In 2011, Rich was inducted into the University of Illinois – Chicago’s Entrepreneurship Hall of Fame, and IPM was awarded the Annual Award for Business Ethics by the Business Ledger. From 2001 to 2007, Rich served as chair of Chicago's DePaul University Institute for Business and Professional Ethics and continues to be an active member of its board of directors. He is actively recruited by organizations to present his philosophies on ethical conduct in the corporate world and recently contributed to the books Entrepreneurship – Values and Responsibility and The Integrity Dividend. A member of Heartland Angels, an early-stage private equity group, Rich regularly advises budding entrepreneurs on how to launch their businesses based on ethical precepts. Appointed to the Board of Directors of Midtronics, Inc. in 2011, Rich was added to the Board for his ability to provide insight to this worldwide leader of innovation in battery management.
Rich has authored several papers on a variety of business-related subjects, and his column "Manufacturing Excellence" is featured quarterly in Global Cosmetic Industry magazine. His interviews and works have appeared in Crain's Chicago Business, IndustryWeek, Projects@Work, Journal of Applied Management and Entrepreneurship, Journal of Leadership and Organization Studies, Pharmaceutical Technology, Plant Engineering, and US Industry Today.