In this premiere episode of the Lean Focus Podcast, host Damon Baker sits down with Fawaz Khalil, CEO of ModusLink, a Steel Partners company, to explore one of the most compelling turnaround stories in recent years.

When Fawaz took the helm, ModusLink was on life support—revenues were half of what they once were, the company hadn't turned a profit in over a decade, and customer confidence was shattered. The team had seen "transformation" efforts come and go—with little to show for it.

Fawaz changed that.

In this conversation, Fawaz shares exactly how he:

• Stopped the bleeding and rebuilt customer trust,
• Used strategy deployment and lean principles to drive cultural change,
• Shifted a skeptical, fatigued organization toward ownership and accountability,
• Navigated the challenges of executing a global transformation during a pandemic,
• Delivered consistent profitability and shareholder dividends after years of losses.

This is a rare, behind-the-scenes look at what it takes to rescue a business from the brink—and the leadership it demands.

If you're a CEO, executive, or business leader serious about real transformation—not just buzzwords—this is an episode you don't want to miss.

See the full transcript here: https://leanfocus.com/wp-content/uploads/2025/09/Lean-Focus-Pocast_Episode-01_Fawaz-Khalil.txt