Category Archives: Business Leader

The Louis Chenevert Legacy

Born in Quebec, Canada in 1958, Canadian businessman Louis Chenevert graduated with a bachelor’s degree in production management from the University of Montreal in Canada. Louis started his career as a production manager at general motors’ St Therese operation. Louis spent 14 years at General Motors before moving To Pratt & Whitney Aircraft in 1993 where he was president. In March 2006, Louis Chenevert joined UTC as president, chief operating officer, and director. In April 2008 Louis was elected president and chief executive officer before finally becoming the corporation’s chairman in January 2010.

United Technologies Corporation credits most of its growth to becoming a multination conglomerate worth over $100 million to Louis Chenevert. When he joined UTC, Chenevert’s first order of business was the acquisition of Goodrich. The deal was worth $18.4 billion and its finalization saw Chenevert achieve in a year what many executives don’t achieve in their lifetime.

Most of Chenevert’s success can be credited to his principle of promoting advancement in technology and the growth of individuals. Chenevert chose what project to invest in depending on their potential to further the company’s vision and ability to inspire the staff to produce quality work. During his tenure at UTC, Chenevert saw the investment of over $1 billion towards employ benefits and educational pursuits.

Another achievement of Chenevert’s at UTC was the tender to construct United States Airforce second alternate engines. UTC grew to become the largest manufacturer of helicopters, refrigerators, air conditioners and heating equipment in the United States of America. Most of the advanced jet engines in the world are manufactured at the aerospace unit of UTC. Extensive discipline and imagination have kept the Chenevert powerhouse humming.

Over the course of his career, Chenevert received several awards and honors. In 2009 Chenevert got an honors award from the national building museum. In 2011, Louis Chenevert received an honorary doctorate from HEC Montreal. It was also in the same year that Chenevert was named person of the year by aviation week & space technology. In December 2014, Chenevert stepped down as CEO of UTC and took an exclusive advisor job at Goldman Sachs.

The life and positive impact of Tony Petrello in the community

Tony Petrello has been offering support to researchers so as to find the treatment of neurological diseases in the medical society. Anthony together with his wife are doing whatever they can to help bring new research which could help in the health industry. Caren is the daughter of Anthony and Cynthia Petrello, she was born prematurely and has neurological disorder that affects brain ability.

She is eight years old, she has never been able to eat since last year when she had a chew of food for the first time. Tony was very happy because he saw it as a progress and a miracle as well. Their daughter is one of the main reasons for Tony and his wife donating funds to the research institute for the doctors to be able to find the solution.

They also did raise funds so that other families who do not have the capability to pay for the services for their children to receive treatment. Anthony has got two degrees in mathematics from Yale University and a degree in law from Harvard Law School. However, instead of venturing into law, he decided to focus on the oil industry.

Anthony is the president and also the CEO of Nabors Industries which deals with drilling the gas and oil well that produce energy to run industries. Anthony Petrello was born in Newark, New Jersey. However, he started his career at a law firm in the Bakar and Mckenzie.

He joined the firm in 1979 but after several years, he achieved to be the Managing Partner. He succeeded to become the president of Nabors Industries in 1991 which is the main drilling contractor in USA. Nabors Industries was found in 1968 as Anglo Energy Limited based in Hamilton.

Nabors Industry got well skilled professionals in their department hence improving their standards and transforming the industry to be better over the years. Researchers in the Neurological Research Institute found out that there are not enough research for the children who are suffering from brain disorders. The physicians of Texas Children’s Hospital attend to the daughter of Tony on a day to day basis.

In 2007, Anthony and his wife contributed $50 Million for the establishment of a Neurological Research Institute that started to operate three years later. The main aim of the facility was to help come up with ideas as well as treat children of all ages with neurological disorders.

To know more visit @: people.equilar.com/bio/anthony-petrello-nbr/salary/503049#.WKHy57YrKRs

Mike Baur: Making His Dreams Come True by Making Others Realize Their Dreams

Born in Freiburg, Switzerland, and schooled at Bern University and the University of Rochester, Mike Baur had always dreamt of becoming a business maestro in the country. In the early 1990s, a teenager Mike Baur set the ball rolling in the business and finance sector by joining the Union Bank of Switzerland. Managers at the bank were impressed by Mike’s skills and tipped him for greatness in future.

 

 

Banking Career

 

 

Mike Baur stayed at the Union Bank of Switzerland for 17 years before quitting in 2008. Prior to quitting, he was serving as an investment advisor where he rubbed shoulders with the big and mighty in the Swiss investment arena. His responsibilities included guiding investors attached to the bank on matters of banking as well as how, where, and when to invest.

 

After leaving UBS, Mike’s next destination was Clariden Leu where he served as a wealth management expert for six years. Over the six years, he was promoted to high-ranking positions and got high compensations. However, the banking industry was becoming too monotonous for Mike – he felt unchallenged. He decided to leave everything behind and focus on helping young and upcoming tech start-up owners to grow their trade.

 

 

The Swiss Startup Factory

 

Mike reached out to his college mate Mr. Max Meister with whom they started the Swiss Startup Factory in 2014. The company has an incubator program that not only funds start-ups but also provides them with rent-free offices in Zurich for three months. During that time, startup owners are mentored and trained on how to market their products both locally and internationally. They are also given a platform through which they interact with renowned investors who in most cases buy their business plan and decide to finance them. At the end of the three months, the upcoming tech entrepreneurs set out on their own with an added benefit of having a reliable network of other tech start-ups.

 

The Swiss Startup Factory has made the dreams of many come true, and by extension, it has impacted positively on the Swiss economy. As such, Mike Baur has attracted admiration not just in his home country but also globally. He has shown the world that dedication and self-discipline can indeed accelerate one’s dreams and at the same time help others accomplish their dreams.

 

Think Reloaded

 

Besides the Swiss Startup Factory, Mike Baur is the founder of Think Reloaded. Unlike the former, which looks into the affairs of upcoming tech entrepreneurs, the latter helps established and affluent entrepreneurs with investment advice.

Louis Chenevert: The Outstanding Business Executive Who Made UTC Roar Again

Louis Chenevert spent his entire childhood and youthful life in Montreal, Quebec. He did his degree in business at the University of Montreal, and that formed the basis of his exemplary career in the corporate world. Today, and for the last eleven years, Louis Chenevert was the chairman and the CEO of United Technologies Corporation (UTC) until 2014. His remarkable management and strategizing skills make him stand out as an exceptional business executive and gives him that golden touch that makes him strike business deals that others consider untouchable.

Chenevert’s Successful Journey

For more than ten years after graduation, Chenevert was employed with General Motors. By the time he was quitting the company in 1993, he had risen through the ranks to the position of production general manager. The job was a fantastic stepping stone for him for it not only gave him exposure in the corporate world, but it also gave him a taste of the privileges and challenges that come with being an executive at a big company. When he later joined Pratt & Whitney, he put the experience he had obtained at General Motors to good use, and within the first six years, it was clear to everyone that Mr. Chenevert was the best bet for the company’s presidency.

Louis Chenevert assumed the presidency of Pratt & Whitney Canada in 1999. Under his leadership, the unit production levels at the company rose to unprecedented levels to the delight of all. After seven years in charge, Chenevert decided to leave Pratt & Whitney and take up a job that UTC offered him.

Taking UTC to a Higher Level

UTC manufacture high-technology products, such as heavy jet engines. The company is also doing well in the refrigeration and air-conditioning industry and is keen to become the industry leader in the sector. Through making huge investments both in human resource and technology, Chenevert managed to take UTC to a higher level. It was under his leadership that UTC led the chart of American conglomerates with the highest annual profits.