Profile: Scott Filstrup '67
Filstrup '67 shares his experience and innovation, helping
clients — including those in the oil industry —
energy demand is in an early stage of a long-term boom, says
Scott Filstrup, who over his career has shared his
industry insights with key leaders in business and government.
January, he accompanied Dean Dipak
C. Jain and the Kellogg advisory board to
India where he discussed the reality of energy consumption
in India. During a private Kellogg meeting with Prime Minister
Manmohan Singh at his residence, the Kellogg graduate noted
that energy use in the nation would double over the next seven
years — a prospect that amplifies the need for creating
new energy supplies, new technologies and new alternate fuels,
says Filstrup '67.
involvement in the energy arena extends a family legacy. Filstrup
notes that his father and uncle invented air compression technology,
which was utilized to break up coal in mines, replacing more
dangerous explosives. Upon receiving his bachelor's degree
in civil engineering from Northwestern University in 1965
and his MBA from Kellogg, Filstrup worked for Monsanto and
later The Williams Companies Inc., a Tulsa-based diversified
a stint as the CEO of a transportation fuel injection company,
he launched his consulting firm in the 1980s, with the founder
and former CEO of The Williams Companies as an initial supporter.
"I'm most interested in assisting business startups,
enhancing growth or setting new strategies," he says.
of The Consultants Ltd., a Tulsa-based strategic planning
and management firm, Filstrup assists clients with mergers,
acquisitions and partnerships. One of his clients has developed
a new multi-fuel, environmentally favorable engine that has
the potential to be far more efficient than other engines/generators
in use today.
shows promising results in a laboratory, but how do you find
materials to ensure reliable performance under extreme heat,
pressure and vibration conditions?" Filstrup says. To
assist the company, he is seeking new partners in materials
and power companies.
is also helping an energy supply company develop international
markets, scouting opportunities for private equity firms in
London and Chicago, merging oil/gas firms, and assisting new
technologies in logistics.
his clients include healthcare and IT organizations, 75 percent
of Filstrup's focus involves the energy business. CEOs call
him looking for merger and acquisition candidates, and early
stage firms seek his help in finding funding and strategic
independent, I can often look at the competitive landscape
and new global market segments more effectively than sources
on the inside can," he observes. "You can effect
change faster and on a more confidential basis."
prides himself on advising companies to walk away from a deal
when it's not a win-win scenario. In one case, he discovered
that a key decision-maker involved in a deal had two conflicting
personal histories. "Ethics and credibility are core
values," he says. "If you look at a company's top
leaders and see a 'crack in the wall,' it could be a warning
that there are deeper issues."
with his consulting, Filstrup has been active in corporate
governance, sitting on the boards of several public and private
firms as well as nonprofits including Junior Achievement and
Tulsa Opera Inc. "On a board, you're deeply involved
with the future of that company," he says. "You
get to use your cumulative knowledge and expertise to benefit
an impact motivates Filstrup to nurture his professional and
volunteer commitments rather than retire. He is a former member
of Northwestern University's Board of Trustees and a former
president of the 150,000-member Northwestern University Alumni
Association. Since 1994, Filstrup has been a member of the
Kellogg Dean's Advisory Board, and is co-chair of his Kellogg
40th class reunion. He and his wife, Margee, also have been
generous donors to Kellogg.
enthusiastically enjoy taking on a variety of projects where
I can add value and be a catalyst," he says.