Louis Chenevert is a crucial person to mention if you want to have a discussion about the growth of United Technologies Corporation, or UTC. Much like the current CEO, Louis Chenevert believes that it was his job as CEO to leave the company better than when he found it. He focused on three things as CEO of United Technologies Corporation: investing in innovation, long term goals for the company, and the people that make up the company.
Short term results are important, and the CEO of a company must deliver tangible results in the short term. But the CEO must also maintain a long term view for the company that he or she leads, and develop steps to work toward long term goal for the company. United Technologies Corporation has always been focused on delivering training to its employees, as well as investing in technology, so that future goals for the company can be met by working on the problems that the company faces today. Louis Chenevert is someone who always comes up when talking about the United Technologies Corporation and it’s investment in technology. Louis Chenevert and his vision with the Pratt & Whitney geared turbofan engine changed the company and its future.
To understand how the Pratt & Whitney geared turbofan engine and United Technologies corporation came together, it is crucial to know that Louis Chenevert saw that the engine was going to become crucial to global development. When Louis Chenevert became the CEO of United Technologies Corporation in 2006, he brought the new engine to the company and made it a company focus. It took $10 billion and two decades to design the jet engine, but it changed the industry for the better.
Competitive market advantage is still the cornerstone of the United Technologies Corporation strategy today. Louis Chenevert has left a legacy and changed the culture of the company so that it could continue to make a positive impact on the global economy.
After being hit by Hurricane Harvey in 2017, Houston residents and those from nearby regions were left homeless and in short of other basic needs. Several well-known organizations including H-E-B and the Houston Food Bank emerged to help those affected. Nabors Industries was also among the companies who came to their rescue. Instead of spending their free time at the company’s recreational centers like they always do, Nabors employees dedicated themselves to helping the locals after the disaster. The company’s Chief Executive Officer Tony Petrello revealed that the employees helped in whatever way possible including going to wherever assistance was needed. Nabors Industries also provided paid time off to its employees as a way of appreciating their work.
Nabors’ employees made contributions worth $173,622 to which Tony Petrello topped up. The contribution was branded Nabors Disaster Relief Fund and it facilitated practical assistance. The company also offered the locals hot meals produced from the company’s kitchen. All these efforts matched Nabors Industries’ traditions of giving back to the society.
As explained by the communications manager of the company, around 120 employees were also victims of the hurricane. Besides the company’s support to Hurricane Harvey victims, Nabors Industries has also supported other organizations, including Bike MS and Susan G. Komen Foundation. The company also offers scholarships to its employees and their children through Nabors Charitable Foundation.
Tony Petrello is also passionate about giving to the less fortunate. He has donated to several charitable events in Houston including organizations researching on neurological disorders in children. Recently, he donated $7 million to Texas Children’s Hospital. His contributions facilitated the initiation of Jan and Dan Duncan Neurological Research Institute, a facility aiming to research and test a cure for childhood disorders.
Through an endowment fund, Petrello also donated $ 150,000 in tribute to his mentor and friend, Professor Lang who passed away recently. As a passionate giver, Tony Petrello states that Nabors Industries will continue giving back to the community even as the company grows.
About Tony Petrello
Tony Petrello is a graduate of Yale University where he received his master’s and bachelor’s degrees in Mathematics. He also studied law at Harvard University. After graduating, he joined Baker & McKenzie law firm which he served until 1991 when he joined Nabors Industries. Before becoming Nabors Industries’ CEO, Tony held several positions in the company, including Chief Operating Officer, Deputy Chairman, and Chief Executive Officer. Tony currently serves as Texas Children’s Hospital’s Director. He is also a Trustee Board member of the hospital. Petrello was recently named among the highest paid CEOs in the U.S.
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Since Tony Petrello took on a CEO role, he has been using it to make the company better. He knows what it will take to make Nabors, Inc. better and he knows there will be things he can do if he’s going to continue showing people how they can have better lives in different situations. It goes back to the work he does and the hard work he has put in through different opportunities. As long as Tony Petrello was doing things right for the people who he served, he knew there would be other ways for him to try and get more out of the situations he was in.
As things changed for Tony Petrello, he learned about what he could do to help people. He also learned about what he was going to do to make sure things would get better. For as long as Tony Petrello has been working, he knows there will be things that will change and there will be things that will have a negative impact on people. There are also things that will help him become a better CEO no matter what is going on in the world around him. For more click Here.
The ideas he has go back to helping the people who are a part of the company. They are also things he can do to bring attention to different issues. It is his way of making sure people know what he’s doing and making sure people know they are getting positive experiences from the company. By showing all of this to other people, Tony Petrello is prepared to give them a chance at a better future. He knows what it takes and isn’t afraid to keep giving people what they are looking for no matter what they are suffering from or what they are doing.
Although there have been some issues with other people trying to do the same things as him, Tony Petrello knows there will be other ways for them to get more from the situations they are in. He also knows people will need to try things on their own and do their best job possible. Tony Petrello likes others to realize they are going to make things better and they are going to do their best to provide people with the experiences they have on their own. Through these efforts, Tony Petrello knows how to help other people with the business part of living in a positive way.
Tony Petrello @ https://www.linkedin.com/in/anthony-petrello-1335b097
Adam Goldenberg and Don Ressler no doubt have the potential to go far in the business world. The two are the founders of the Techstyle fashion group. The company includes beauty accessories and membership-based clothing. The two founders knew so little about fashion when they were just starting up the business. However, they had a high drive to succeed. They also had the awareness to what consumers wanted.
Adam joined the business world at a young age of 15 years. He started his first company called gamers Alliance. The company dealt with advertising and network, and it was suitable for gaming websites. In 1999, Goldenberg sold the company to Intermix media. He later dropped out of school and became the president of strategic planning for Intermix. By age 20, Goldenberg was already riding high on the career ladder; he was Intermix’s chief operating officer.
Don Ressler also similarly joined the team. He had a website, fitnessheaven.com that he sold to Intermix in 2011. While working at Intermix, Goldenberg and Ressler became good friends. Their friendship grew, and they started an e-commerce company in 2006. The company was called intelligent beauty. They did not stop there as they continued to develop other successful brands. They started thinking of ways to create online shopping platform. Armed with the only slight knowledge of what was trendy and the clothing that was in high demand, they decided to go ahead and a start a fashion store.
The first company that Goldenberg and Ressler had was JustFab. The company was membership-based, and it allowed members to get personalized athletic clothing every month. The company demonstrated ways to mix and match different fashion pieces. JustFab got its funding from Matrix partners. JustFab got rebranded to Techstyle in 2016. Techstyle stands out from the rest because the company committed to social responsibility. The company does not only focus on making money but also in becoming a successful corporation. The clothing brand makes women feel confident on how they look even when they are in the gym. Techstyle has always been involved in community development. They have participated in charity events, beautifying community gardens. One of the charity events they participated in is the Cinderella project which donates gowns to low-income students who have a hard time attending their proms. Goldenberg and Ressler have great potential to succeed. However, they will continue to focus the Techstyle company.
Since 2006 Tony Petrello has donated millions of dollars to various research organizations. And from the looks of it, he won’t be slowing down on his giving anytime soon.
What Has Inspired Tony To Be Such A Big Giver?
When Tony’s daughter Carena was born she weighed in at only 20 ounces. She was premature and would eventually be diagnosed with periventricular leukomalacia, a disease caused by an insufficient amount of blood flow to the brain. As a result, Carena developed cerebral palsy and has experienced developmental delays since birth. Even with all these obstacles the Petrello family refuses to give up. Everyday Tony has the pleasure of watching his daughter eat breakfast. Something she couldn’t do just a year ago. And now, at the age of eight, Carena is working on mastering walking and talking.
Tony Saw A Big Opportunity To Give Back
When Tony Petrello and his wife realized what a difficult journey they would facing, they made it their mission to find the best pediatric research institution they could find. They didn’t care where it was located or how much it would cost. All that mattered was their daughter Carena was able to get the best possible care in the world. Though Tony and his wife looked into facilities all over the world, it turned out the facility that could help them the most was their neighborhood Texas Children’s Hospital. They are now on a mission to ensure any child who has been diagnosed with periventricular leukomalacia will have the opportunity to grow up and pursue dreams just like the rest of us.
Who Is Tony Petrello?
Since 2011 Tony Petrello has been the CEO of Nabors Industries, the largest drilling contractor in the entire world. After graduating from Yale University with a Bachelor of Science degree in Mathematics, Tony started working at the Baker & McKenzie law firm. He joined the firm in 1979 and worked his way up to Managing Partner by 1986. In 1991 he resigned from that position and started working at Nabors Industries as an elected member of the Board of Directors.
12 years later, in 2003, Petrello was promoted to Deputy Chairman. He served in that position until 2011 when he was promoted to Chief Executive Officer. And last but not least, since 2012, Tony Petrello has been the Chairman of the Board and Chairman of the Executive Committee of the Board.