A Peep Into Louis Chenevert’s Achievements With The United Technologies Corporation

For 14 years Louis Chenevert had been working at the United Technologies Corporation (UTC). He was the chairman and Chief Executive Officer at the firm which did so well under his leadership. UTC is not the only company where Louis has worked. Before joining the United Technologies Corporation, he worked Pratt and Whitney Canada where he was the president. Louis Chenevert came into this world in 1958. After his birth in Canada, he was taken through the education system and finally landed in the HEC Montreal which is an associate business school of the University of Montreal.

 

At the university, he attained a Bachelor’s degree in Production Management during 1979. Later on, in 2011, he got a Doctorate Honoris Causa from the same institution. He also went on to expound his education in Concordia University in 2014. UTC has been dealing with the production of latest and high-end technology products. UTC is involved with the research and development of technology gadgets which contribute greatly to the operations of different aeronautical firms. This product includes airplane engines and other parts. It also focuses on elevators, escalators and security and safety systems which include fire safety products. Get Additional Information Here.

 

Louis Chenevert’s contributions to the firm’s success were visible during the time that he served there, and Louis  Chenevert is responsible for the current success since he laid a firm foundation during his time. Some of the achievements is the increase in the firm’s shares from 37 to 117 dollars. The two-hundred percent increase was achieved through hard work and commitment towards the company’s goals. The increase assisted UTC to climb up the business charts to become one of the most successful establishments in the USA.

 

Chenevert has received several awards for his numerous contributions. He received the Honor Award in 2009 and later named the U.S Aviation trade, magazine Aviation Week and Space Technology’s person of the year. The Honor Award was presented to him by the National Building Museum. It is impossible to forget what Louis has done for United Technologies Corporation even though he no longer works there. For his efforts, the corporation will be forever thankful. (See: utc.com/News/News-Center/Pages/UTC-Chairman-Chief-Executive-Officer-Louis-Chenevertrecognized-with-the-Publi.aspx )

 

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Louis Chenevert – A Visionary of His Time

For decades, America’s manufacturing economy seemed to be in a state of decline. It is not hard to believe when thousands of the nation’s manufacturing jobs have disappeared. Those lost manufacturing giants include locomotive, steel, and electronic corporations that were once household names. However, there are American companies that have managed to not only survive, but thrive amongst heavy competition around the world. United Technologies is one such survivor. Today, the company manages assets of at least $63 billion. United Technologies headquarters is in Hartford.

 

The company has also managed to retain its competitive edge without having to abandon its core philosophy of putting people first. The company believes that educated and cared for people will always provide the best products and services. As the former CEO of United Technologies, Louis Chenevert took the approach of building the company from day one. The company had already taken on the task of expanding globally, which spurred revenues to grow from 25 percent to 60 percent.

 

See also Louis Cheneverts Business Successes Past, Present and Future

 

This growth was due to placing a focus on developing processes and researching the company’s disciplines to become increasingly more effective and productive. Chenevert’s career took off when he joined United Technologies. Under his leadership, the company became a global force. He believed that a CEO is the steward of their company, and that any company should be better off if and when its leader departs. Chenevert placed a great deal of focus on investing in employees and long-term goals.

 

United Technologies developed a jet engine that changed the industry. The new engine reduces fuel consumption by 16 percent, and harmful emissions by up to 50 percent. Fourteen airlines fly with this engine. No doubt, that number may expand in the future. It was Chenevert’s ability to understand future needs and develop the technology that would meet future needs and demand.

 

His legacy continues as an innovator in private life where he builds yachts. Click Here to learn more about Chenevert.

 

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Source: http://www.utc.com/News/News-Center/Pages/UTC-Chairman-Chief-Executive-Officer-Louis-Chenevertrecognized-with-the-Publi.aspx

The Foundation Of Steel And Locomotion

Business Cycles Completed By National Steel Car

All business productivity consists of three stages that much be undertaken. A product has to be produced, packaged and then distributed. National Steel Car helps to process all three stages and by building a large transportation potential. The phases begin with transporting raw goods, so that they can be used to produce basic products.

 

These products may also need a different location and destination in order to be properly packaged. The next step is to send these packaged goods to where their demand is the highest. The entire process includes, relies on and takes advantage of the innovation we find with locomotive design and how this sets the stage for what’s possible worldwide.

 

 

From Beginning To End

What this means for National Steel Car is that it has a market to work in that grows in more and more demand. Being a part of every stage in basic manufacturing allows this agency to customize train parts and for a variety of different functions. The expansion of business in this manner is something that only National Steel Car can accomplish.

 

The agency got its initial start in the early ‘90s as Dofasco, and has been able to lead locomotive manufacturing since. Dominion Foundries and Steel, also known as Dofasco, Part of this is possible because of the innovation that Gregory Aziz brings into the business. James Aziz bought National Steel Car as a longtime investment and hasn’t been disappointed. There’s a world of profits to make and Gregory remains ambitious.

 

 

Why These Steel Components Matter

The steel components of National Steel Car are forged to the highest standards. It’s not enough for the agency to simple produce functional machines. Locomotive transportation is a business that brings together mass quantities of goods. The sheer weight of these daily goods reaches tons at a time. The steel components of National Steel Car are therefore durable. View Related Info Here.

 

These steel parts need to be as durable as possible and in all environments. The weather conditions, when traveling across the nation, change, and the steel components of National Steel Car have to withstand these factors as well. Metal has a tendency to expand and contract depending on the weather condition. Too much of any is a hazard to consider.

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National Steel Car CEO, Gregory James Aziz Has Led The Business By Storm

The largest rolling stock in Canada manufacturer, National Steel Car is out of Hamilton, Ontario. Originally founded in 1912, it has maintained a position in the top 3 rolling stocks within Canada since it began. The National Industries Inc is the parent company for National Steel Car. The business is right now being led by the chairman and CEO, Greg Aziz.

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Gregory James Aziz is making headway with the business as the president and the CEO of National Steel Car. They are at least 1 of the leading businesses in Canada that operates rolling stock. The manufacturing and freight car engineering company is based in Hamilton, Canada.

Greg James Aziz was born in London, Ontario and attended college at the Ridley College. From there, Greg majored in economics where he then attended the University of Western Ontario. He went on to join the family business in wholesale foods. The business, Affiliated Foods, where he joined them in 1971. This company went on to grow over the course of the 16 years that he worked there. The business turned into a worldwide importer in the fresh foods market where they received foods from South America, Central America and Europe. While still importing, they went on to provide distribution of food into the many fresh food whole sale markets throughout Eastern Canada and the United States.

Gregory James Aziz went onto work in New York during the late 1980’s on into the early 1990’s. He worked on a number of banking investment opportunities while there and went on to gather enough to purchase the National Steel Car in 1994 from Dofasco. The main goal was to build it up enough to make the company the leading railroad business in freight car manufacturing. They emphasize on the strong engineering capability that they offer as well as team building and with capital and investments, the company has been able to produce over 3,500 freight cars each year while previously owned to being able to manufacture 12,000 cars by the year 1999. The business grew from having 600 employees to nearly 3,000 employees. Visit This Page to learn more.

 

As of today, the relentless work put in on the manufacturing and engineering excellence, the car industry is now the leading industry within the new car innovations. They continue to build thousands of cars each year and with recertification, they have been able to be certified as ISO 9001:2008 in the last 18 years.

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Obsidian Energy: Western Canada’s Oil Producer

Obsidian Energy, based in the city of Calgary, Alberta, is a natural gas and oil company that operates on the western part of Canada. The company was previously known as Penn West Petroleum, but after going under a restructuring and rebranding phase, they changed their name to Obsidian Energy on June 26, 2017. Once recognized as a top performing Canadian company and consistently included in the top 60 performing companies at the Toronto Stock Exchange, Obsidian Energy’s value fell as the price of petroleum crashed. It also lost its status as a Canadian Royalty Trust, after the company was greatly devalued. The topmost value given to the company was $9.5 billion, but it declined after January 2008.

 

After the price of oil around the world became cheaper, petroleum companies like Obsidian Energy were negatively affected and the employees perished. The majority of the company’s assets were sold subsequently for the next two years, and Obsidian has undergone a restructuring process hoping that the move can save the company from becoming bankrupt. The number of employees working for Obsidian Energy was also decreased from more than 2,500 to 300. Obsidian Energy wanted to cut the amount of debt that they acquired, and they are hoping that by cutting their expenditures and manpower, the company can save a lot of money to pay for their debts.

 

Obsidian Energy focuses on extracting petroleum and natural gas on the western part of Canada, where the Western Canadian Sedimentary Basin is located. The region, found inside the territories of Alberta, is known for its rich petroleum reserves. The current president and chief executive officer of Obsidian Energy is David L. French, and he is leading the company to extract more petroleum and natural gas, with the hopes of increasing the company’s profit. The oil and gas wells owned by Obsidian Energy is scattered all throughout the western part of the country, and it can produce more than 31,000 barrels of oil per day. Being the leader of a struggling company is a big challenge for David L. French, but through his efforts, he is hoping that Obsidian Energy would one day bounce back.

 

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Obsidian Energy Ltd On The Course Of Reclaiming Its Original Glory Under David L. French

Penn West Exploration Ltd. was founded in Alberta, Canada, close to 38 years ago. Along the way, the oil and gas drilling company changed its name to Penn West Petroleum and later to Penn West Energy Trust. Earlier this year, the company rebranded again to its current name- Obsidian Energy Ltd. The company has a strong presence in Western Canada, owning a majority of natural gas and oil wells in the region. Records show that Obsidian Energy Ltd. is among the bigwigs in the Toronto Stock Exchange with its worth estimated at $US 9.5 billion over a decade ago. Although the instability in the global oil market that was experienced three years ago greatly and negatively affected Obsidian’s annual revenue, the company was able to bounce back and is currently doing well. Records show that the company was able to settle all of its debts incurred during that period.

 

 

The Ups and Downs

Among the key factors that have seen Obsidian Energy Ltd succeed in the competitive global oil market is the strategic positioning of its wells. The study shows that Western Canada is rich in petroleum and natural gas products, particularly in Peace River, Pembina Cardium, and Alberta Viking. Going by statistics for the year 2017, the company’s oil fields have an average daily production rate of more than 30,000 barrels.

 

In 2008, formerly Penn West Energy Trust – Obsidian Energy Ltd was doing extremely well on the New York Stock Exchange. Dividends from its equities were going for up to 16% in annual rates. Its workforce, on the other hand, was of about 2350 people. It was between 2012 and 2014 that the company was hit by the reduced oil prices in the world, prompting it to reduce personnel to slightly less than 500 people. Obsidian Energy Ltd is now back on its feet and is expected to get back to its earlier financial position in coming years. Click Here for Related Information.

 

 

The CEO

David L. French is the reigning president and CEO of Obsidian Energy Ltd. He is the man who effected the rebranding of the company after taking over in October last year. Top on his to-do list is to get the company’s production levels back to the 135,000 barrels per day it used to produce several years back.

Visit: http://www.marketwatch.com/investing/stock/obe

Here’s How Obsidian Energy Has Grown To Realize Profitable Results

Obsidian Energy Limited, formerly pen west exploration, is a Canadian oil and natural gas producing company. It operates from Calgary, Alberta. The company changed its name from Pen West Limited in the year 2017. Majority of the shareholders voted in preference to changing its name from Pen West Limited to Obsidian Gas Limited. Also, the name was approved because Obsidian is a natural volcanic glass which is versatile. The versatility of this volcanic glass allows it to be honed and sharpened.

 

The company obtains its raw materials from its oil and natural gas fields situated in Alberta. This oil fields, situated along the large Canadian sedimentary basin, form one of the largest oil and petroleum reserve globally. The vital areas that boost production include Alberta Vikings, Pembina Cardium, and Peace River Oil Sands.

 

Obsidian Oil Limited is made up of different oil producers from Canada. They include Daylight resources, Bonterra, Peyto Energy, Progress Energy Trilogy, Enterra, Freehold Energy, Fairborne Energy, Zargon Energy, Vermillion Energy, Baytex Energy, Canadian Oil Sands and much more. The company changed to a conventional corporation from CONROY in the year 2011.

 

In the year 2008, Obsidian distributed high dividends to its shareholders as recorded in New York stock exchange. In the same year, it also paid a high amount of equities to its shareholders. Trust assets of this company are not taxed using the average dividend rate since they are considered to be exhaustive with time. In the year 2008, this Oil and Natural Gas Company attained optimal market capitalization with an approximate value of $9.5 billion.

 

In the year 2017, the company underwent several transformations to improve its operation strategies. They included:

  • Chartered accountants, Ernst and Young LLP, were appointed as the company auditors.
  • New directors were elected
  • Minimizing the share capital for proper accounting purposes
  • Change of name from Penn West Limited to Obsidian Energy Oil Limited. The shareholders proposed name change by majority votes.

 

Obsidian Energy also announced an impressive third quarter financial results and the upcoming budget for the year 2018. David French, the current serving chief executive officer, published the results. In his announcement, the company boasted of having had a successful operational and financial year, and they were expecting the best in the coming future.

 

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Greg Aziz Journey To A Great Billionaire

Greg Aziz is a very big name in the North American business sector. He has been the President, Chairman and the CEO of the famous National Steel Car that is based in Ontario, Canada. The organization was established back in the year 1912, but Greg took over his roles as the CEO in 1994. He birthplace is London, in Ontario in the year 1949. After high school, he enrolled at the famous Ridley College. That was the start of his career, and he worked to perfect in the industry. The great business guru later left for the Western Ontario University where he studied bachelors of science in economics. He says that his option for studying the course was the best thing he has ever done in life. He is a prominent business management and his records in the managerial positions are awesome. Greg is always passionate about success through massive motivation, passion-driven and desire to succeed.

 

Gregory James Aziz early career is a journey worth following. He was a fast learner but above all, a great business person who has always aimed for nothing else but success. In 1971, he joined family business by name Affiliated Foods. The company used to sell fresh foods at a wholesale. The company happened to be the leading importer of these foods from South and Central American markets, European and other markets. He has however been involved in the progress of these businesses through great commitment. The company had its operations based in the United States and also Canada. He later left the company and went to New York where he specialized in investment banking. This helped him organize the purchase of the now famous National Steel Car from the owners, Dofasco. The company became the leading railroad freight car company in the whole of North America. Find More Information Here.

When Gregory Aziz took on the roles of the company’s CEO, he focused on increasing capacity, team empowerment, and many other things that would help the company to succeed. By the year 1999, the company had also increased its capacity from the normal 3,500 units to 12,000 freight cars. That was after being in operation and the capacity of a CEO for only five years. Gregory J Aziz decided to invest in the welfare of the workers and also customer care. The company’s employees increased from 600 to around 3,000 which was a great indicator that the company was growing by more than 200%.

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Gregory Aziz Takes Advantage Of The Opportunities That Exist Within The Transport Sector

The transport industry is a booming market thanks to the constant need of transporting goods and people to the different region of the world. Gregory Aziz was able to identify the opportunity that existed in the transport sector very many years ago, and his investment into the industry has turned him into one of the most successful individuals in the corporate world.

 

Gregory James Aziz learnt how to identify opportunities while he was working at Affiliated Foods. Greg Aziz’s skills have made him be recognized as an individual who has the capability of successfully driving the corporate sector into the future. James Aziz’s resume outlines his achievements, and his ability to lead an organization to success. Gregory Aziz undertook a major in Economics, and this placed him in a better position to be a company leader.

 

Once he finished his schooling, Gregory J Aziz joined the family business, and he was able to understand how the corporate world works. After many years of learning, Greg Aziz was able to acquire the skills of a leader, and this led him to be appointed as the President of Affiliated Foods. In the process, Greg Aziz was able to identify the opportunity that was lingering in the transport sector, and that is when he decided to purchase the National Steel Car in 1993.

 

Previously, the organization was not performing well. However, once Gregory James Aziz took over leadership of the company, his ultimate potential came to light. The National Steel car is currently a very competitive organization because it has managed to retain the TTX SECO prize for more than nine years consecutively. The award is usually given to organization leaders who show great promise in being able to drive the economy of the United States forward.

 

James Aziz is a citizen of Ontario, and he understood what the people residing in Ontario needed. As a result, he was able to approach the market objectively, a fact that led Affiliated Foods to become one of the best fresh foods company in Canada. Not only has the organization managed to operate within the United States region, but it has also progressed, and it currently operates in different regions of the world such as Europe. Get More Info Here.

 

Acquiring the National Steel Car came as a result of the need to ensure that products can easily be transported to different regions as first as possible. While in the food industry, Gregory Aziz was able to notice that that transport sector needed streamlining to ensure that fresh food products can reach the retail shops in the shortest time possible. As a result, Gregory J Aziz saw that the only way to improve the transport sector is by fully being involved in transport matters, and for him, the best way of achieving such an objective was through purchasing the National Steel Car.

 

Gregory James Aziz At The Helm Of National Steel Car

Gregory J Aziz is the Chairman, President and Chief Executive Officer of National Steel Car. This leading manufacturer of railroad freight cars is located in Hamilton, Ontario, Canada. Greg Aziz began his journey to CEO by majoring in economics at the University of Western Ontario, at Ridley College. Upon graduating, in 1971, he joined the family business, Affiliated Foods. During his 16 years there, the company grew. It became an importer of fresh foods from around the world, Europe, South America and Central America. It distributed these foods throughout Eastern Canada and the United States.

 

In the 1980s and beginning in 1990, Greg Aziz worked in investment banking. In 1994, Aziz saw an opportunity to purchase National Steel Car from Dofasco. National Steel Car, a well-established railroad car manufacturer was founded in 1912. He was challenged by the goal of transforming the Canadian company into a modern-day company with far greater production capacity. He wanted it to be North America’s foremost railroad freight car manufacturer. Under his leadership, National Steel set about becoming known for its strong engineering, excellent quality cars and its volume production. By 1999, it went from building 3,500 cars each year to 12,000 cars. It also increased the number of its employees from 600 to 3,000 in that same time.

 

With Gregory J. Aziz at the helm, National Steel Car ranks and the top of the industry in innovation, engineering and manufacturing of steel railroad cars. National Steel Car is North America’s only railroad freight car manufacturing company certified ISO 9001:2008. It’s held this status for 18 years consistently. Since 1996, James Aziz’s company has also been given the highest quality award, TTX SECO. See More Info Here.

 

National Steel Car is dedicated to building up and maintaining its hometown. It has sponsored many local charities including the Theatre Aquarius, the Hamilton Opera, the United Way and the Salvation Army. Their employees and their children annually attend the National Steel Car Christmas Party and form the work force that drives the company’s major food drive that donates for to the local food banks. Greg and Irene Aziz sponsor the Royal Agricultural Winter Fair, Canada’s most prominent agricultural fair, which takes place for two weeks every November in Toronto.