Category Archives: Businessman

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.

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