C. Richard Panico
C. Richard Panico | Founder, President, and CEO
C. Richard Panico began his professional career in 1973 at Johnson & Johnson in Chicago. He served in the manufacturing, engineering, and maintenance groups of the Consumer Products Division, eventually rising to a senior management position in the Personal Products Division.
As he became a leader within the company's operations organization, Rich developed a reputation for building strong, cohesive teams; promoting high standards of quality and performance; and emphasizing the value of relationships based on honesty and trust.
After 15 years of service, Rich left Johnson & Johnson to dedicate himself to a new business venture. Recognizing a pressing need across industries for top-drawer project execution, Rich founded Integrated Project Management Company, Inc. (IPM) in 1988. He has served as the company’s President and Chief Executive Officer ever since.
Over the years, Rich has been recognized by various professional organizations for both his business acumen and his commitment to a high standard of ethics. In 2010, he received the William C. Pollard Award for Business Ethics presented by the Oak Brook Executives Breakfast Club, and in 2011 was inducted into the University of Illinois Chicago’s Entrepreneurial Hall of Fame. In 2013, Rich was the first recipient of DePaul University’s Institute for Business and Professional Ethics (IBPE) Annual International Award for Corporate Ethics and Excellence. The IBPE determined that “IPM is a standard-bearer for ethical practices set in motion and Mr. Panico's tenacious adherence to a strong code of values for his company makes IPM the perfect candidate for our inaugural award.”
Reflecting the culture of integrity that Rich instills, IPM has been recognized over the years with multiple awards, including one of Forbes’ 25 Best Small Companies in America, and multiple years as one of the Best Small and Medium Workplaces by Great Place to Work® Institute and Fortune magazine. View a complete list of IPM’s awards.
Rich is regularly recruited by organizations to present his philosophies on ethical conduct, organizational culture, strategy execution, and project management excellence. In 2015, he was a panelist at the Inc. 5000 Conference, speaking on the topic of growing a 100-year business. He contributed to the books, Entrepreneurship: Values and Responsibility, The Integrity Dividend: Leading by the Power of Your Word, and Lenses of Leadership: A Call to Action.
A member of Heartland Angels Inc., an early-stage private-equity group, Rich regularly advises budding entrepreneurs on how to launch their businesses based on ethical precepts. In 2011 and 2014 Rich was appointed to the boards of Midtronics, Inc. and Micron Industries for his ability to provide leadership insight to these companies.