Louis Chenevert’s Contribution to the Growth of UTC

Business, Businessman

United Technologies Corporation’s legacy owes a great deal to Louis Chenevert. His continual support even after his role as the company’s CEO enabled the company to attain incredible success. Just like the current UTC CEO who believes in leaving a place better than you found, it is evident that Louis had similar values. During his time at UTC, he focused on investing in long term goals, employees and innovation.

UTC adopted the practice of investing in people and technology as part of its future growth and expansion plan. As the company’s way of investing in its human resource, UTC offers a scholarship program to help employees further their studies. Through the program, 39,000 degrees have been earned in the last 20 years.

Integrating UTC with Pratt & Whitney geared turbofan engine is one of Chenevert’s decisions that made a great impact on the company’s future. Having seen the GTF engine’s enormous growth potential, Louis invested in designing and developing a jet engine currently used by several airlines and aircrafts. His readiness to invest in technology has also promoted UTC’s future growth.

When integrating the two companies, Chenevert had not only envisioned the earnings but also future job opportunities. Thanks to the efforts of Louis Chenevert, UTC has currently offered employment to several people. The company is also anticipated to employ 25,000 more people in the next three years.

Louis Chenevert also identified suppliers as great contributors to the growth of profits and customer base. It is for this reason that UTC has spent $ 40 billion extra with their U.S suppliers in the past three years. It is evident that Louis was aware of the importance of a competitive business environment in promoting future growth. Whenever the subject of effects of current decisions on future success arises among UTC’s employees, Chenevert is always mentioned.

About Louis Chenevert

Louis was born in Quebec, Canada. He holds a bachelor’s degree in production management from HEC Montreal. Prior to joining Pratt and Whitney, he worked with General Motors for 14 years. In 2006, he joined UTC where he served as the CEO and president. Due to his exemplary leadership, Chenevert has received several awards and significant recognition, including the National Building Museum prestigious Honor Award among others.

Nabors Industries Employee’s Participation In Hurricane Harvey Relief Effort Receives Support From Tony Petrello

Businessman, Philanthropy

Nabors Industries is well-known for its charitable contributions to the Texas community. The company is always giving back in various ways to help the community by using its resources and its employees. During the 2012, Susan G. Koman Race for the Cure, Nabor’s Industries was a Silver sponsor to raise the awareness of breast cancer.

After the Hurricane Harvey devastation, the employees stepped up to help along with their CEO Tony Petrello. Hurricane Harvey’s force came into the Gulf with such power that it leveled homes and displaced many families leaving them without any essential care items and necessities. The need within the recovery efforts was in high demand.

The 1,200 employees pulled together to raise small donations. CEO Tony Petrello became aware of their desire to help the community and accepted the challenge of matching each of their donations. With a matching donation, the employees were able to raise over $170,000 for helping those who were in need.

This type of contribution is not unprecedented for Tony. While in college, Tony established a bond with his Yale University mentor Professor Serge Lang, a renowned and respected mathematician. When Professor Lang passed away, Tony arraigned a $150,000 endowment fund honoring his mentor and subsequently matched an additional $150,000 that the alumni contributed.

Over the years, Tony has provided contributions to Aids research, homeless shelters, creative arts and supported education programs through scholarships. He founded the Petrello Family Foundation which provided $3 million in scholarships to the Houston youth aspiring them to attend higher education. Nabors Industries also has a mentor program in partnership with the Aldine Independent School District. As CEO, Tony is promoting passion for the next generation of leaders through education activities and programs.

Tony, and his wife Cynthia, were gifted with their daughter Carena who was born prematurely and with cerebral palsy. Carena is now eight years old. After the diagnosis, they found there wasn’t much access to neurological research in Texas. Their $7 million donation to Texas Children’s Hospital paved the way for the Jan and Dan Research Institute to be built. The research and testing facility is aiding in the advancement of developing treatment for neurological diseases.

As the highest compensated CEO in 2015, Tony’s contributions to the community are among his greatest achievements. Tony earned $27 million in 2015 which has been a great resource for being able to give back in ways that are at the core of his mission to serve the community.

Source: http://releasefact.com/2017/09/tony-petrello-helps-to-launch-the-neurological-research-institute-at-texas-childrens-hospital/

Dr. Mark McKenna Uses Personal Practice to Save Lives

Businessman, Doctors

Mark McKenna is a licensed medical practitioner who capitalizes in surgery in addition to medicine. His experience roots from the Georgia and Florida Medical Examiners. Mark is passionate about advocating for community based projects. He has been instrumental in community development. Mark lived in New Orleans. He went to Tulane Medical School. He completed his medical training and started practice on in his father’s company. He was a huge contributor of McKenna Venture Investments. This is a firm that deals with real estate development. After launching the firm, he delved into entrepreneurship by joining Mortgage Lending, a firm that specialized in lending mortgage loans to home buyers. The portfolio of firms grew the employee base to more than 50 workers. The workers offered services in finance, design-build in addition to real estate deals.

Profile of Experience

In 2005, Hurricane Katrina affected people’s property in New Orleans. McKenna’s property was part of the destroyed property. The aftermath saw him participating in the recovery process of the lost property. He rebuilt New Orleans via developing low to moderate income property. This was his contribution to the destroyed property. In November 2007, he moved to Atlanta. Being visionary, he invested in ShapeMed. This is a medical practice that specializes in wellness and aesthetic medicine. In 2014, ShapeMed was acquired by Life Time Fitness. McKenna was a national Medical director at Life Time Fitness. His services ended in July 2016.

Conclusion

Dr. Mark McKenna started off on a new journey at OVME in July 2017. He was employed as the chief executive officer. This is a consumer based initiative that works with technology based and medical aesthetic. The major projects are based on reinventing the healthcare system. OVME is an idea that generated from previous projects that he worked on in aesthetic industry. With ten years experience, he was knowledgeable enough to establish a strong foundation that would control the company. He explains in an interview with IdeaMensch that he was inspired to by the need to better the industry through better, revolutionary projects. McKenna states that he realized there are several chances that would elevate the operating status of the medical industry.

https://www.linkedin.com/in/drsmarkmckenna