Posts in Category: Canada

Why Gregory Aziz is Revered for National Steel Car

Gregory Aziz, CEO of National Steel Car is one of the most renowned CEO’s in Canada. The railroad freight car company, located in Hamilton, Ontario, has been manufacturing these railroad freight cars for more than 100 years. The company has also manufactured these freight cars for North America, and continues to serve both countries with pride. If you were to sit down with Greg Aziz, you would quickly learn that he believes that the people are what make the company great. He does not believe that it is his own skill or expertise that has made the company a success.

 

This team approach is just what has given Greg Aziz the notoriety he has received. However, any mention of success has always been directed at the company as a whole. It is all about what they have accomplished “together”, as noted on the company website. National Steel Car is now considered one of the most dynamic companies in Canada. This is true not only for what the company produces, but this is also true concerning the company as a place to work. The company received TTX SECO award for quality, for over a decade. ISO even have recognized the growth of the company awarding it the ISO 9001:2008 certification

 

The greatest focus for the company, at least in the eyes of Greg James Aziz, is to raise the bar. This is considered to be a daily endeavor, and not just something that they work on periodically. Each day, the company is looking for ways with his guidance to be better as well as to produce more and serve more. Playing to their strengths is what Greg Aziz is focused on in the rail industry, and that won’t change anytime soon. Any interaction with this company will show you that they are deeply committed to the rail car industry, as well as to produce only the highest quality in rail cars ever to exist. Go To This Page  for more information.

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The passion is real behind National Steel Car, and the persistence they put into all areas of their business is what makes them a great company. It is easy to see why Gregory Aziz is highly revered within the rail car industry, and why he is highly favored among his peers. The future is looking bright for National Steel Car, and they are not focused on boasting about past achievements, but creating new ones.

Source: https://www.behance.net/greg-aziz

Chenevert Is The Man With A Plan

Louis Chenevert has done an amazing thing during his run in business. From the time he began gaining his production management degree at HEC of Montréal, to his time at General Motors, to his time at Pratt & Whitney, and to his time at United Technologies Corporations, he has done a phenomenal job in establishing himself as a legend.

 

Louis Chenevert began laying the groundwork to become a legend when he first arrived at United Technologies Corporation. Upon his arrival, the other executives informed him that profit was decreasing exponentially due to the global recession. In order for United Technologies Corporation to continue doing business, they would have to find a way to stabilize a profit margin. (Follow: twitter.com/louis_chenevert)

 

 

Chenevert decided along with the executives of the best way to accomplish this goal would be to acquire other companies led similar products that they had but different enough not to be affected by the recession. After brainstorming together with the board, Chenevert settled on three businesses to acquire, Pratt & Whitney, Otis, and Goodrich.

 

The reason they discussed acquiring Pratt & Whitney would be to gain access to their valuable military contracts. Pratt & Whitney have contracts with the United States of America, Japan, and Canada. After United Technologies Corporation acquired Pratt & Whitney, they became the largest provider of military helicopters in the entire world.

 

The reason they discussed acquiring Otis would be to expand into the heating and cooling sector of aerospace manufacturing. The contracts they acquired through Otis were worldwide and allowed them to expand into countries that were not suffering as bad from the recession.

 

The reason they discussed acquiring Goodrich was that Goodrich was pretty much their counterpart in the commercial airline industry. If they were able to merge businesses, they would dominate both the military and the commercial airline industry. This cost them $16.3 billion, but in the end, it raised their company’s net worth by $28 billion to bring the total value of United Technologies Corporation to $68 billion. Learn more about Chenevert on Crunchbase.

 

 

In return for these many legendary services, Chenevert commanded a respectful compensation package of $28 million. Go To This Page for additional information on Chenevert.

Louis Chenevert is Legendary

Louis Chenevert is a business legend because of his work with United Technologies. He single-handedly took the United Technologies Corporation and turned it into a juggernaut within the aerospace manufacturing sector. Louis Chenevert is hailed by many as one of the leading business experts and it seems that everybody wants time to learn at the feet of this master.

 

The reason he can be hailed as a legend in the business world is because he received a production management degree from the University of Montréal. He would use this degree in production management as a launching pad to better things.

 

After graduation, he would go to work for General Motors for 14 years. He chose to become a production general manager, overseeing the Pontiac line because this was great training grounds to become a chief executive officer one day.

 

In 1993, Chenevert was approached by the company Pratt and Whitney, which is an aircraft engine manufacturer, to become the COO. After working for Pratt and Whitney for six years, he was promoted to the role of President and chair of the board.

 

After helping Pratt and Whitney’s stock rise by nearly 50%, he was approached by the United Technologies Corporation and offered the role of chairman and chief executive officer. Working with United Technologies Corporation he was able to produce jet engines, both commercial and military. In fact, he was able to purchase several of the military contracts he had at Pratt & Whitney. This led United Technologies Corporation to be the world’s leading provider and military aircraft.

 

Go To This Page for more information about Chenevert.

 

Through his leadership, United Technologies would have their stock rise 200% and cap out at $117. The rising stock prices mainly had to do with several key acquisitions he made while working for the company. One acquisition was the world’s oldest elevator company, Otis. However, in a move that will shake the entire industry, he was able to acquire Goodrich for a grand sum of $16.8 billion. Source: http://frenchtribune.com/teneur/25552-innovative-deals-and-inspired-leadership-characterize-louis-chenevert

 

 

After his successful run at United Technologies Corporation, the entire corporation was estimated to be worth around $69 billion as of 2017. See related post on louis-chenevert-leadership-investment-innovation/.

 

Follow Chenevert on Twitter.