Louis Chenevert’s Accomplishments in his Career

Louis Chenevert is a prominent Canadian businessman who has achieved a lot in his career. He started off as a junior officer and grew through the ranks to hold the highest offices in the organizations he worked. Born in 1958, Chenevert grew in Montreal, Quebec, where during his childhood years he showed much interest in entrepreneurship. This made him work hard in school and he eventually joined the HEC Montreal Business School, an affiliate of the University of Montreal where he did Production Management.

Further, after his studies, Louis Chenevert was employed by Guy Hachey at the General Motors that was based in St. Therese, Quebec. He would then be promoted to be in charge of the company which saw him become Hachey’s executive officer. Furthermore, Chenevert spent 14 years at the General Motors Plant before exiting as he felt he wanted a career change in the aerospace industry. Again, it was another colleague by the name Karl Krapek who was later appointed as the UTC’S president and CEO that advised Chenevert to switch careers in the aerospace industry.

Louis Chenevert joined the Pratt & Whitney PWC in 1993, which was an engine manufacturing company for aircraft. In 1996, Chenevert left the PWC after he was appointed to head the P&W as the executive president in the operations department. The businessman was again elected as the president of the company in 1999 where he was involved in its improvement and profitability. Also, April 2008 saw Chenevert appointed as the president and CEO of the UTC after the retirement of George David.

About Louis Chenevert’s Leadership at the UTC

Louis Chenevert employed the same leadership skills he had used in his previous organizations to govern the UTC. He helped the company survive during a time that many of the organizations were cutting costs and downsizing due to the economic recession. Chenevert realized that his counterparts in the business would compromise on their quality as they were relocating to countries that would have cheaper labor where he took the necessary measures to save UTC. Additionally, he did this by directing the company’s production to the United States and by placing the engineers to a centralized place, hence maintaining the product’s quality.

http://releasefact.com/2018/05/louis-chenevert-inspiring-story/

The Chronicles of Louis Chenevert in UTC

Success in business is a result of strategy and good planning. Many investors make mistakes by failing to make calculated decisions. A successful business person is open-minded and is creative. Sometimes things will fall out of place, and no predicted solution will work. This calls for the investor to think outside the box to see the business survives.

Take for instance Louis Chenevert, who made a legacy that will be remembered for years in UTC. When he joined the firm as the CEO in 2006, every firm was feeling the hit of the financial crisis. Many investors relocated to other countries in search of cheap labor to sustain their companies. Louis Chenevert saw this as a way of destroying the companies because to him cheap labor is equal to cheap services. What did Louis Chenevert do? He moved the employees of UTC to other sectors of the firm where their skills would be valid.

Louis Chenevert mechanisms of running a business are very effective in any conglomerate. He has been part of more than 50 companies that have accomplished significant results. For UTC, the eight years he served as their CEO is still having an impact on the company now and will still do, years to come. Louis Chenevert not only focused on the present progress for UTC but its future as well.

Louis Chenevert led the company to invest in high technology. He believed that this was the best strategy to secure the future of the USA. This is true because UTC is expected to offer 25000 more employment opportunities in the near future.

Louis Chenevert also made acquisitions that have been very fulfilling in the long last. Before he was appointed CEO of UTC, he was the President of Pratt & Whitney Company, which is an engine manufacturing firm. While he was working in the firm, he saw the potential of the GTF engine. When he joined UTC, he married off the two companies. Louis Chenevert is also renowned for crossing the most expensive aerospace deal in the USA for buying Goodrich at $16 billion.

Louis Chenevert is currently leaving a semi-retired life to spend time with his family and pursue his interests.

http://www.utc.com/News/News-Center/Pages/Louis-Chenevert-becomes-the-eighth-Chairman-of-United-Technologies.aspx

Stream Energy’s Philanthropic Footprint in Texas

The news that Stream Energy had launched its charity foundation, Stream Cares, came as no surprise as the Dallas-based firm has proven its affinity for charitable causes. And the energy firm does not just write checks but also commits time to philanthropic causes.

While it is the norm for many modern firms to be involved in corporate social responsibility, Stream Energy’s involvement in such causes is ingrained in its business model. The company’s business model relies on independent associates to market energy, wireless, and home services. The associates earn a commission based on their sales. The company has many associates, who are actively involved in philanthropic causes. Add that to the company’s effort, and you establish why the energy firm is the most talked about in Texas regarding philanthropy.

When Hurricane Harvey touched down in Southern Texas destroying homes, property, and displacing residents, Stream Energy made efforts to help heal and rebuild the affected areas. The company donated $25,000 to the American Red Cross. In addition, the firm collaborated with Red Cross, accepting donations on behalf of the non-profit. What’s more, the firm announced it would be lenient towards its customers in the affected areas, regarding payment of utility bills.

Statistics indicate that there is a 24 percent rise in homelessness in Dallas. What a better way to alleviate the suffering of the homeless than affording them memorable experiences? Stream Energy, its associates, and Hope Supply Co. have collaborated to sponsor annual Splash for Hope. The event saw over a thousand North Texas homeless children access monetary assistance, essential supplies, and partake in a fun day. Hope and Stream have had such partnerships for over four years.

Dallas-area veterans and their families have benefitted from Stream and its associates. Through the Operation Once in a Lifetime program, the company sponsored the veterans and their families to sumptuous lunch. The firm also catered to their transportations costs. The American Girl Doll experience shortly came after the lunch. The experience sought to pamper 10 young girls belonging to the veterans.

https://secure3.i-doxs.net/StreamEnergy/Default.aspx