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Posted by John Kokish on

Why Louis Chenevert Was Able To Stand Out in the Face of Adversity

Louis Chenevert is a Canadian businessman who is the former Chairman and CEO of United Technologies Corporation a conglomerate made up of various companies that are key to America’s hold on technology and national defense. He was the former Chairman at Pratt & Whitney, and formerly worked for General Motors. (More: wingsjournal.com/louis-chenevert-business-giant-took-sea)

 

United Technologies (UTC) was in the forefront of the assembly of some of the most sophisticated jet engines in the world from a military and commercial standpoint. UTC is also the owner of Otis, one of the largest manufacturers of elevators and escalators in the world. UTC is also the leading manufacturer of helicopters in the United States.

 

UTC is also a leader in the security business as well as the climate and controls business. These areas have found UTC to be a leader in refrigeration, heating and air conditioning equipment, and fire detection equipment. In Aerospace Systems, UTC manufactures flight controls, flight sensors, brakes, landing gears, aero structures, and actuators.

 

In a time when much of American industry had a difficult time maintaining its status quo, and in which many companies such as Zenith, Baldwin Locomotives, and many other notables declined to the point of oblivion.

 

With the leadership of Louis  Chenevert providing a strong capability, UTC, a huge conglomerate worth in the $63 billion managed to not only stay afloat, but thrive during a period that most US corporate businesses had a real struggle. What is even more amazing was that under Chenevert’s leadership, UTC was able to stay in the forefront as a market leader in the building and aerospace industries without leaving its origination point in Hartford, Connecticut and without outsourcing its employee base.

 

UTC met all of its obligations, even though Connecticut is not the cheapest place do business. The firm brought in over double the returns of the average company that was listed on the S&P 500 and the Dow Jones. The company has paid out dividends to its shareholders for over 70 years. Check him out on Forbes.

 

Louis Chenevert is known for not only thinking outside the box, but in eliminating the box altogether. He is known as a strong thinker who is at home with the most difficult of complexities and making everything work out. Click Here to learn more.

 

View Source: http://frenchtribune.com/teneur/25552-innovative-deals-and-inspired-leadership-characterize-louis-chenevert

Posted by John Kokish on

Louis Chenevert Leads the Way in Business

Anyone who wants to know what it takes to marry engineering genius, spirit and business success into a corporation conglomerate should talk to you Louis Chenevert. He knows firsthand what it takes to achieve an education, provide service and pioneer innovation into an industry-changing product. On top of that list, he also knows what it takes to close multi-billion-dollar deals while at the same time making sure everyone involved receives mutual gain. And in his case, the product produced is the GTF (Geared Turbofan) engine which is a component in the Airbus series of aeroplanes.

 

If this all seems like an everyday thing or accomplishment to achieve it should be known that his success is the culmination of decades of service and collaboration with some major players of manufacturing such as General Motors. Along with several successful collaborations and long-suffering work ethic, he also knows what it is to build his own empire and keep his hand on the wheel while leading others to unprecedented technological developments. His model of business success and engineering innovation is all about investment.   See This Article for related information on Louis Chenevert.

 

 

Although Chenevert recommends having powerful short-term goals and seizing opportunities in the here and now, his main focus is on longevity and what can be accomplished by stacking goals on top of each other. A simple look back on his service with organizations such as Pratt & Whitney Canada and the Merchant Banking Division at Goldman Sachs shows a clear skill set and high level of thinking. One comes to expect such accomplishment from a person who performs tasks while functioning as Vice-Chairman of Executive Committee of the Business Council.

 

Follow Chenevert on Twitter.com.

 

 

As impressive as these services and titles are they really exist only as a preface or first installment in the Legacy that is Lewis Chenevert. He is presently the CEO and founder of UTC (United Technologies Corporation) which is more than just a multinational money-making machine. It is a family of more than 300,000 employees who enjoy the benefits of teamwork and support from their CEO and mentor Louis Chenevert. As a matter of fact, UTC encourages and compensates employees for receiving degrees in fields that not only help the business but improve their lives in ways that are unimaginable for most people. And, it all started with a bachelor’s degree in production management from HEC Montreal, a businessman and his vision of the future.

 

Visit: https://affiliatedork.com/how-former-ceo-louis-chenevert-helped-utc-become-a-global-force

 

Related Post: Louis Chenevert Horizon Yachts P105 Design

Posted by John Kokish on

Gregory Aziz And The Company That Came Back To Life

Since first hitting the business world, Gregory James Aziz has been a marvel. His work with National Steel Car has been inspiring. Not only has Greg Aziz proved himself to be a keen businessman, but he helped breath life back into the failing freight car manufacturing company. Gregory Aziz, sometimes James Aziz, had started out his career with Affiliated Foods. The company was a family business and after he graduated with a degree in Economics from the University of Western Ontario, he was eager to be a part of it. In 1971, he joined the company ranks. This would be his first step into the business world, but not his biggest.

 

While at Affiliated Foods, he helped grow the company and in 16 years it was truly something to behold. Instead of working with only local merchants, Affiliated Foods started importing fresh food from all over the world. Customers could enjoy foods from a variety of different places at many times during the year. They became one of the first companies to do this, and it resulted in tremendous growth. By the time that Aziz left Affiliated Foods they had even started to export goods to other countries.

 

In 1994, Aziz saw something that he could not pass up. The Dofasco company had decided to sell the freight car manufacturer National Steel Car. Aziz saw a tremendous opportunity. Though it had been a national treasure in its early years, the small Hamilton, Ontario based company was on the decline. The Great Depression had not been kind to the industry and National Steel Car was suffering. Dofasco had gradually started to give up control of the company and sold it to Aziz at a great price. Aziz took the keys and threw open the doors to the next wave of innovation. He had big plans for National Steel Car and nothing was going to stand in his way.

 

National Steel Car did gain back its former glory because today it is one of the world’s leading freight car manufacturers and engineers once again. Aziz knew that he could bring it back, but he didn’t want to run on the steam of their former reputation. It was important to him that they singled themselves out from their past. They would honor it, but it would not define them. Today, the company is North America’s only freight car company with ISO 9001: 2008 certification and they hold the TTX SECO for high-quality products, an honor they’ve had since 1996. Aziz truly brought National Steel Car back to life. See This Article to learn more.

 

Source: https://www.steelcar.com/

Posted by John Kokish on

Obsidian Energy Appoints Gordon Ritchie To The Board of Directors

Gordon Ritchie has worked for over 37 years in the financial services industry. He recently retired as Vice Chairman of the Royal Bank of Canada Capital Markets. His other extensive experience and qualifications include regulatory credentials from Canada, the United Kingdom and the United States. He spent two years on the New York Advisory Committee to the New York Stock Exchange Board of Directors. He’s still on the boards of two other publicly held companies. Ritchie spent six years as President and C.E.O. of the Royal Bank of Canada Dominion Securities Corporation in New York. He served as Co-Head of RBC’s International Corporate Finance Group, in London, England. Obsidian Energy’s acting Chairman of the Board, George Brookman, expressed his appreciation for Ritchie agreeing to serve the recently reorganized company.

 

Until June 2017, the company was named Penn West Petroleum Ltd. It is a medium-sized oil and natural gas production company based in Alberta, Calgary Canada. Its portfolio of wells produces 30,000 Barrel of Oil Equivalent daily. David L. French, who joined in October 2016. continues to serve as the company’s President and CEO. Obsidian says it plans to grow modestly in the next three years, depending on growth in energy prices.

 

Previously, Obsidian Energy had taken on unsustainable levels of debt. That was almost $3 billion at the end of 2013. However, in 2014 the price of oil and natural gas fell, and it could no longer maintain its debt load. By the end of March 2017, it was down to $384 million. Aside from changing the name to Obsidian Energy, the company reduced the debt by selling off assets, so it is smaller, but far less dangerously leveraged. From 2005 through 2011, the company was structured as a Canadian Royalty Trust or CANROY. And it was once one of the S&P/TSX 60, a list of the 60 largest companies in Canada. However, a change in Canadian law forced it to restructure into a corporation.  Read This Article to learn more about the company.

 

Obsidian operates oil and gas fields in Alberta, part of the Western Canada Sedimentary Basin. That’s one of the largest fields of oil in the world. Obsidian owns assets in the Pembina Cardium, the Peace River and the Alberta Viking.

 

Related: https://beta.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/penn-west-shareholders-approve-name-change-to-obsidian-energy/article35463586/?ref=http://www.theglobeandmail.com&

Posted by John Kokish on

Gregory Aziz And The Railway World

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Gregory James Aziz is commonly known simply as “Greg Aziz.” He’s the head honcho at National Steel Car, a sizable Canadian rolling stock manufacturer. National Steel Car was launched back in 1912 and is headquartered in Hamilton, an Ontario port community. Gregory J. Aziz is the CEO and Chairman of National Steel Car, a National Industries Inc. division. This company is known for its plentiful achievements in the engineering world. Greg James Aziz is a railroad manufacturing specialist who uses his expertise to help push National Steel Car ahead day in and day out. Aziz has worked as the firm’s CEO for a long stretch of time. He got the job back in 1994 and is still going strong.

 

Aziz attended Western University in London, Ontario in Canada. He studied economics while at the school. That in-depth education has helped him become the painstaking and informed professional he is on the job. Gregory J Aziz possesses many traits that enable him to excel in his field. He possesses a wide range of pertinent skills and knowledge sectors as well. Some of these are continuous improvement, project management, general management, leadership and strategic planning. Aziz has a grasp of the freight and railway industries that’s perpetually increasing.

 

Gregory Aziz is the kind of professional who aims to stay ahead of the rest of the pack. He, because of that, has an understanding of social media that’s strong. He participates in all kinds of social networking activities. He has an active account on Facebook as well. People who want to get in contact with Aziz via Facebook can easily do so. His Facebook page provides visitors with basic details. He briefly touches upon his educational background, his hometown, his current place of residence and more. The page also features a brief biography that delves into his role with National Steel Car. Click Here for Related information.

 

Aziz is a man who comes from London in Ontario. He was born in the friendly community in the spring of 1949. He was a student at a private institution that is known as Ridley College. This college is in St. Catharine’s. It was founded in 1889. It’s not too far away from scenic Niagara Falls. Aziz is the type of individual who feels fondly toward his surroundings. He, as a result, likes to do great work for his hard-working community. He even sponsors nearby organizations such as the Hamilton Opera.

Related: https://www.steelcar.com/Greg-Aziz-welcome

Posted by John Kokish on

New Name For Better Results: Penn West Petroleum Reinvents Through Obsidian Energy

It’s clear that Pen West Petroleum Ltd is now Obsidian Energy. After going through a crisis in 2013, a change of name is among the major decisions that the management of Penn West Petroleum has taken to see them bounce back and claim the reputation of being a Canadian oil giant. The management is promising new changes in the company’s structure to meet the demand of energy in Canada. After deciding on the new name, the management embarked on the process of reducing the net debt.

 

In 2013, the debt stood at $3 Billion, and recently, the company announced that the balance had dropped to $384 Million. Obsidian Energy is also focused on improving service delivery. This has seen them make adjustments in the barrel production and workforce. They have opted to go small in the beginning as the new measures are enforced before widening their market countrywide. In a few years to come, Obsidian Energy is planning to become a major oil giant in North America.

 

Obsidian’s Journey

 

Since its founding in 1979, Penn West Petroleum has gone through different developmental phases. Before crude oil prices fell maximally in 2014, Penn West Petroleum was making its mark in the gas and oil sector. In fact, the company is recorded to have accrued $9.5 billion as at January 2008. The crisis saw the company go through a restructuring process. Among the adjustments included the downsizing of the workforce and a reduction in oil production volume. Obsidian has several subsidiaries including Canetic Resources Trust, Endev Resources Partnership, and Sifton Energy Inc. Currently, the company has approximately 300 employees on staff.

 

This move has seen Obsidian Energy’s revival in the Canadian energy sector. With the oil field of the company in Alberta, they are aiming at stepping up oil production in the next few years. This year’s overall oil production is estimated to be 31,000 bbl. Under the leadership of David French, the company’s CEO, Obsidian Energy is on course to reassert its dominance in the Canadian oil and gas industry.

 

Conclusion

 

The management of Obsidian Energy is very optimistic about the latest developments. The new face is determined to deliver quality energy provisions and service to the Canadian market. With the structures already in place, it’s just a matter of time before Obsidian energy reclaims its throne.

 

Visit This Page for additional information.

 

Source: https://en.wikipedia.org/wiki/Obsidian_Energy

 

Posted by John Kokish on

OBSIDIAN ENERGY: THE OIL AND NATURAL GAS PRODUCTION FIRM

Obsidian Energy is an oil and gas production firm. The company was formerly known as Penn West Exploration Limited, Penn West Petroleum Limited, and Penn West Energy Trust but on 26th June the company merged, and it got renamed formerly to Obsidian Energy Limited.

 

The oil firm didn’t only change its name; it also went through considerable changes to be able to refine its products and services. Although these significant changes influence every sector of the company, they were also able to lead to the noteworthy growth of the oil and natural gas firm. Obsidian Energy is a brilliant energy producing company and it manages to produce approximately a whopping 30,000 boe daily. The mid-size oil and natural gas company employ a well-balanced and disciplined team throughout its ranks. The passionate entrepreneurial spirit that revolves around the company can be clearly seen through the results it has been able to come up with.

 

Obsidian Energy is based in Calgary, Alberta in Canada. Obsidian Energy was started in 1979 and its headquarters is in Calgary. However, the company has oil and natural gas wells all over Western Canada. These wells are located specifically in the Western Canada Sedimentary Basin where some of the biggest petroleum reserves are located. Obsidian’s oil and gas production is done in Peace River Oil Sands, Alberta Viking and Pembina Cardium.

 

The company’s CEO and President is David L. French and it employs approximately 300 employees. Mr. French joined the company in October 2016. Other experienced staff that Obsidian employs include; David Hendry who is the Chief Financial Officer, Tony Berthelet the Vice President of Development and Operations, and Andrew Sweerts the vice president of production and technical services among many other professionals.

 

The oil and natural gas firm managed to maintain the position of one of the sixty largest companies in the Toronto Stock Exchange for the longest time. However, between 2005 and 2011, the company was under the Canadian Royal Trust. It was during this period that Obsidian was able to reach a peak in market capitalization. In January 2008, the company reached a market value of around 9.5 billion dollars. In 2014, the price of world crude oil decreased but the company was able to stay afloat.

 

Go To This Page to learn more about Obsidian.

 

Posted by John Kokish on

Greg Aziz Enhances The Growth Of The National Steel Car

Today, the business world is regarded as volatile, uncertain, ambiguous and complex. With such an environment, it is important to stay productive throughout. Harvard Business Publishing’s post, “Leading Now: Critical Capabilities for a Complex World” highlighted major characteristics of effective leaders today. The article noted that effective leaders manage complexities and global businesses, and act strategically. In addition, these business leaders leverage networks, foster innovation, inspire engagement, cultivate learning agility and develop personal adaptability. Gregory James Aziz is an example of an effective leader who exhibits the above traits and has the flexibility to adapt to new scenarios in the volatile environment. Owing to his transformation leadership, Greg Aziz has expanded National Steel Car’s manufacturing capacity from 3,500 to 12,000 cars per annum. View More Information Here.

 

James Aziz is the chairman, president and CEO of National Steel Car, North America’s railroad freight car engineering and manufacturing company. National Steel Car ranks as one of the largest manufacturers in the railroad sector in the world. The Hamilton-based company has a competitive edge in developing new railroad freight cars while demonstrating a relentless pursuit for quality. According to Gregory J. Aziz, the National Steel Car owes its success to its people, who are committed to excellence. He added that the team is constantly taking new challenges, as they continue to lead the way in the industry.

 

Under James Aziz’s control, National Steel Car has scooped the TTX SECO annual award severally in a period of ten years. The company is also committed to supporting different community initiatives in Hamilton. Over the years, this community has supported their business. To this end, the company supports various charity initiatives, including the Hamilton Opera, the Salvation Army and the United Way. Each Christmas, they organize a food donation event to support a local food bank. Greg Aziz and his wife are among the sponsors of the Royal Agricultural Winter Fair.

 

The visionary leader ventured in the world of business at a young age by working at his family business, Affiliated Foods. The enterprise distributed fresh foods to leading wholesale markets in the US and Eastern Canada. Later, he went to work as an investor in New York before acquiring National Steel Car in 1994. Upon acquisition, he capitalized on the company’s engineering strength, human and capital investment and team building abilities to restructure the company and enhance its success in the market. The visionary leader is credited for enhancing the company’s profitability margins.

Source: http://gregaziz1.strikingly.com/

Posted by John Kokish on

Gregory James Aziz Chairs National Steel Car

National Steel Car is a car manufacturing organization with a very high-performance profile. It is one of the world’s leading car engineering and manufacturing company. Most company’s performance is mostly determined by its leadership and this means that this company’s leadership is of very high experience. This is why companies always invest in experienced leaders. Gregory J Aziz is one of the leaders of this company

 

Profile

 

Gregory James Aziz is the chairman of the company. He is also the company’s CEO and president. He has achieved great things as a leader making sure that the North American rail systems be as safe as it can be. Gregory Aziz is a hardworking man who has earned many people’s trust and has made many partners with different companies. He has propelled the Company in realizing its growth and operations to its over 2000 members, making it a leader in technological advancement and quality products in its industry. He has earned the company the TTX SECCO award and has made the company be the first to receive a certificate for 18 consecutive years. He also works with the local community of Hamilton as a philanthropist. He sponsors most of their projects like renovations and construction of the Theatre Aquarius, Hamilton Opera and the Salvation Army that improve their living standards.

 

1Background

 

James Aziz was born in the year 1949. He comes from a family with an entrepreneurial history and this is where his successful journey began. He dropped out of school at an early age and to the family business. He worked in the Affiliated Foods-a leading fresh food importer for 16 years and is where he started to gain experience of running operations. His family business expanded its business operations to foreign countries from Europe to South America under his leadership. This was due to its increased business operation. In the year 1980s and 90s, James Aziz ventured into investment banking, a career path that laid a foundation for his current CEO position.

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Experience

 

Aziz has a lot of experience in the field management and leadership. Having lead operations in his family at an early age for sixteen years has made him be one of the best. He expanded his family Affiliated Food business and was given more managerial fields to manage in the family business as it expanded to other countries. His entire work has been about operation leadership and he has a lot of experience in that field. Related Information On This Page.

Posted by John Kokish on

Gregory Aziz, the CEO of a Canadian Railcar Company

Gregory J Aziz was born in Ontario, London. He went to the University of Western Ontario and majored in Economics, after graduating from Ridley College. Greg is now the CEO, manager and also president of National Steel Car.

 

National Steel Car is one of the oldest manufacturing companies. It is over 100 years old in manufacturing and engineering railroad freight cars. Furthermore, NSC is a company that has grown from a humble background, and become one of the greatest companies worldwide. It is one of the leading engineers and producers of freight cars.

 

Greg Aziz bought NSC from Dofasco in 1994. He was then working in New York as an investment banker. He had been in this field of Economy for over eight years, and he liked it because he had specialized in the area while at the university. This made him an expert. However, Gregory James Aziz felt a lacking. His urge was to own a company. Working with investment banking opportunities was not giving him any guarantee. Therefore, when he felt ready, he went ahead to buy NSC from Dofasco and thus fulfill his dream.

 

Greg Aziz wished to make National Steel Car into a prominent company in North America. Its former status as a Canadian manufacturing company was not enough. He, therefore, worked towards his dream. He began by ensuring that he had addressed the challenge that initially faced the company, which was meager workforce. This alone brought the production rate down.

 

After two years, National Steel Car was able to win the TTX SECO award (1996). Getting motivated by this, it thrived to garner several more awards. Surely, for about ten more consecutive years, National Steel Car kept winning the annual award.

 

In 1999, the company recorded an increase of employment rate to 3,000. The number of cars manufactured yearly rose to 12,000. These two changes marked five times and four times increases respectively. Find More Information Here.

 

Today, National Steel Car still leads in North America in manufacturing freight cars. It also produces the latest cars and continues to build railroads all over the region.

 

The company having love for the Hamilton community and its workers holds a party every end-year. It is usually meant to celebrate its achievements and also as gratitude to both former and current employees. The families of these employees are usually also invited. Greg and his wife Irene also fund fairs and charitable organizations in Canada.

View Source: https://about.me/greg.aziz