Category: Canada

Former CEO Louis Chenevert


Louis Chenevert is a successful Canadian businessman. He went to HEC Montréal were obtained his degree. In nineteen ninety-nine, Louis Chenevert was elected Pratt and Whitney’s president, previously working for General Motors for fourteen years. In two thousand and six, Louis Chenevert, again was elected CEO of United Technologies Corporation. Louis Chenevert has also had been an adviser to Goldman Sachs in the industrial and aerospace sectors. Louis Chenevert has truly had a successful and diverse career and has put his skills and knowledge to good use for those companies. (See: frenchtribune.com/teneur/25552-innovative-deals-and-inspired-leadership-characterize-louis-chenevert)

 

When most people thing of America’s industrial sector, they often think of the aging rusted rail line. They think the industrial sector has gone the way of the locomotive. There are some manufacturers that are still around despite Washington, D.C. regulations, and the indifference of pop culture. One of them is United Technologies Corporation, based in Hartford, Connecticut. This massive of a conglomerate is valued at sixty-three billion dollars. Impressive for a rust bucket of a sector, right? Visit This Page to learn more.

 

The main markets for United Technologies Corporation are in the aerospace and building supplies. The company makes everything from helicopters and jet engines to air conditioners and elevators. Despite the high taxes in Connecticut, Louis Chenevert was able to contribute greatly to the economy. In part, was able to continue the company’s seventy years of paying dividends. The company has also out performed many companies listed on the stock exchange. Find out more about him on yachtingmagazine.

 

Louis Chenevert’s time at United Technologies Corporation was no always easy. The company had to withstand the worst economic crisis in many years, the two thousand and eight great recession. Through the tenure of Louis Chenevert he saw the stock price rise from the low of thirty-seven dollars to one hundred seventeen. This was done by his hard work of spearheading a companywide reorganization. He was able to streamline services, for example combining elevator, escalator, and air conditioning product and services to provide a comprehensive service to builders. In addition, he did what other companies weren’t. He didn’t outsource work. In fact, he actually brought many engineering jobs back to America.

 

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

Louis Chenevert Looks To The Future


Louis Chenevert has always been a progressive leader. He understands how to plan for the long and short term in order to keep his team focused on every aspect of the mission. Louis became the CEO of United Technologies Corporation and immediately began to make an impact on how business was done, as well as the culture of the organization. He wanted his creators to understand that they had a voice in how business was conducted. This gave them the confidence to express themselves in a manner that would take the company in different directions. UTC became a front runner in its industry while under Louis Chenevert’s leadership. The company prides itself on making a positive influence within the US economy by introducing new jobs to American citizens.

 

Technology is an industry where creative minds need to have their freedom. The market is always changing. There are new items and tools introduced to the market on a regular basis. These inventions keep consumers on their toes and demanding more. Louis made sure United Technologies Corporation remained on the cutting edge of the movement by planning to hire 25,000 people within a three-year time frame in the United States alone. Chenevert was making a point that UTC was committed to the creativity that it speaks of.

 

The main organization will always have a major influence on its affiliate brands. Suppliers must be thoroughly taken care of in order to provide a satisfactory product. UTC made the investment in its suppliers by allocating over 40 million dollars over 3 years in order to show dedication to its subsidiary companies.  Check him out on Crunchbase.

 

 

Technology comes from the creative minds that produce the material. People will always be the most important aspect of business. Louis committed to investing in his team by creating a program that allowed each person to obtain a college degree. The company pays for the tuition no matter what specialty is chosen. Read This Article for more information.

 

 

Louis Chenevert received his education from HEC Montreal. HEC is an affiliate of the University of Montreal. Chenevert completed his bachelor’s degree and went on to have a successful business career. He spent 14 years at General Motors before joining Pratt & Whitney. After Pratt & Whitney Louis became the CEO of United Technologies Corporation. He resigned form UTC in 2014.

 

 

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View Source: https://www.forbes.com/lists/2012/12/ceo-compensation-12_Louis-R-Chenevert_FTA5.html

Obsidian Energy Accomplishments in the Business and History


Obsidian Energy Ltd started operating in 1979 under its first name Penn West Energy Trust. Over the years, the business had changed its name a few times, and as of June 2017, it started calling itself Obsidian Energy. The corporation is a Canadian oil and natural gas business which is based in Calgary, Alberta. The Obsidian Energy Ltd is under the leadership of Mr. David Frech, acting as President and Chief executive officer.

 

With a staff of three hundred people, Obsidian Energy Ltd is a mid-sized company. It sources the natural gas and oil from three locations in Alberta such as the Alberta Viking, Pembina Cardium, and the Oil Sands of Peace River. The primary site, however, is Western Canadian Sedimentary Basin, as this region is known to have some of the most significant petroleum reserves in the world. The production of the corporation reached close to 31 000 BBL equivalent a day in 2017.

 

Over the decades, Obsidian Energy Ltd. has had its fair share of achievements as a business. The company used to be one of sixty strongest firms according to the list of Toronto Stock Exchange. Then, from 2005 up till 2011, Obsidian Energy Ltd. was announced to b a Canadian royalty trust business or CANROY for short. The year of 2008 was exceptionally prosperous for Obsidian Energy Ltd. The company because it achieved a peak capitalization and accomplished a revenue of more than $9 billion.

 

CANROY is a cluster of business which are in the trust as long as they distribute their income among shareholders. CANROY businesses do not have to pay federal taxes because of that but in 2011 that changed. Obsidian Energy Ltd chose to step away from the Canadian royalty trust and become a conventional corporation. Some other companies that were in the Canadian royalty trust include Vermilion Energy, Zargon Energy, Freehold Royalty, NAL Oil and Gas, and a dozen other corporations. Click Here For Related Article.

 

Obsidian Energy Ltd did a restructuring of the business in significant proportion in 2014 after the crude oil prices started decreasing drastically. The company was forced to sell a large part of their assets to reduce the debt and stay above the water.

Read More: https://globalnews.ca/news/3481168/penn-west-proposes-name-change-to-obsidian-energy/

How Gregory Aziz Shaped The Rail Industry In North America


Gregory James Aziz is the President, Chairman, and Chief Executive Officer of National Steer Car, a frontrunner in railcar manufacturing and engineering firms, headquartered in Hamilton, Ontario. He was born in London in 1949. After studying at Ridley College, Greg Aziz went to the University of West Ontario where he majored in Economics.

 

In 1971, he joined a family-owned food supply business and steered it for 16 years to become a global importer of foodstuffs from Central and South America as well as Europe. The enterprise became a key distributor of fresh foods to wholesalers across the United States and parts of Canada.

 

From the mid-1980s to early 1990s, Greg Aziz capitalized on many investment banking opportunities. In 1994, he managed to organize the acquisition of National Steer Car from Dofasco. He aimed to makeover the company into North America’s top railroad freight car builder.

 

Greg maximized the robust engineering capabilities of National Steel Car by injecting substantial human and capital investment and emphasizing on team-building. Within five years, the company’s production shot from 3,500 to 12,000 railroad freight cars per year. The firm also increased its workers from 600 to 3,000 within the same period. Refer to This Site.

 

National Steer Car’s management team likes challenging itself, and it keeps raising the bar higher. The Chairman, Greg Aziz is skillful in identifying new talent which he invests in the development of innovative products incomparable in the rail industry. Consequently, National Steel Car is well-known for building high-quality railroad freight cars and delivering on time.

 

Gregory is passionate about engineering and manufacturing excellence. National Steel car offers superior railroad products, producing thousands of freight cars annually. It is the only North American freight car manufacturer certified ISO 9001:2008, with numerous recertification rounds. The firm has been consistently winning the highest award of the TTX SECO for over a decade.

 

Greg James Aziz believes in giving back to the community. His company has sponsored the Hamilton Opera, Theatre Aquarius, the Salvation Army, and the United Way, among other charities in Hamilton. National Steer Car also throws a Christmas party for thousands of its employees including the retired ones and their families. Gregory and his wife Irene also sponsor the Royal Agricultural Winter Fair, which is the most prominent agricultural fair in Canada.

 

National Steel Car’s performance has built a loyal client base with valued relationships. The company is relentless in perfecting the rail industry through hard work and commitment to integrity.

Source: https://www.bloomberg.com/research/stocks/private/person.asp?personId=39124620&privcapId=35787198

Gregory Aziz; Leader In The Business World


Gregory James Aziz is the current CEO and business leader of the successful railroad car manufacturing company titled National Steel Car. National Steel Car has been in business since 1912, and has continued to evolve into the leading railroad car manufacturing company in North America today. The success and achievements that this company has gained can be attributed to business mogul Gregory J Aziz.

 

Greg Aziz has long been in the business field, ever since he was young his family owned a food importing business in Canada that he helped with production and management. Although he really enjoyed working for his family and continuing the family business, he decided that he wanted to try his hand on Wall Street. When he was in his late twenties he picked up and moved to New York to fulfill this dream. He was skilled in many different areas, but he decided to go into banking, and that is where he really began to network and make a name for himself.

While working in New York, Greg James Aziz met many influential businessmen and he began working very closely with some of the clients involved with National Steel Car. This is where he started his journey with the large, and extremely successful steel car manufacturing company. He proved himself to be a huge asset to the company and eventually gained his role of becoming the CEO of National Steel Car. While acting as the leader and executive officer of this corporation he managed to grow the company significantly. While Gregory Aziz was in charge, National Steel Car went from producing about 3,500 railroad cars to over 12,000 cars a day. This is a significant achievement and only further proves his excellence and prominence in this role. Read This Page to learn more.

Being in charge of a large corporation not only takes skill, but it also takes a lot of heart which Gregory Aziz has proven to have abundance of. With his background in business and his perseverance and drive to succeed, he created a leading business and shown that he is a leader in the business world.

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More on: https://www.steelcar.com/

Obsidian Energy Gas And Oil Organization


Obsidian Energy which was previously called Penn West Energy Trust, Penn West Petroleum and Pen West Exploration Ltd. Obsidian Energy is a company that is founded on resolute responsibility to its stakeholders, passionate to the work it does and disciplined. It is a medium Canadian company that deals with natural gas and oil production.

 

 

Obsidian Energy is situated in Calgary in Alberta. It was founded in the year 1979.The Chief Executive officer of this company is called David L.French. He joined the company in October 2016.David Hendry is the Chief Financial Officer in Obsidian Energy. He joined this company in April 2015 as a vice president of Finance.

 

 

For some time, Obsidian was one of the S&P/TSX 60 biggest organizations on the Toronto Stock Exchange. From the year 2005 to the year 2011, Obsdian Energy was a Canadian Royalty Trust. It reached at the top market capitalization in the year 2008 with approximately 9.5 billion US dollars. Get More Info Here.

 

 

Obsidians gas and oil fields are situated In Alberta .Alberta is one of the areas with the world biggest petroleum reserves. Production is done in three major areas in Alberta which are Peace River oil sands, Alberta Viking and Pembina Cardium.

 

 

The company changed its name from Penn West Petroleum Ltd to Obsidian Energy on June 2017.Obsidian Energy has undergone vital changes that have affected every factor of its business. These alterations have made the company to restructure and know where it goes from there. The organization is determined to reduce the impacts of its operations on the surroundings. Its environmental forums focus to exceed and meet all environmental controls, resource conservation and reclamation practices.

 

 

 

Since June 2013 Obsidian started lowering its workforce from 2350 workers to 1000 workers. Due to decrease in oil prices in the year 2015, the company announced cuts of 400 fulltime workers and contractors from the organization Headquarters. In the year 2014, the company stated that hundreds of million dollars in costs had been classified improperly. This forced it to repeat its financial reports for the year 2012, 2013 and quarter of 2014.Obsidian Energy embarked on selling assets that permitted it to lower net debt from 3 billion dollars at the end of the year2013 to 384 million dollars as of March 2017.This company is now a smaller firm with less production of oil and few workers.

Source: http://calgaryherald.com/business/energy/restructured-penn-west-proposes-name-change-to-obsidian-energy

Greg Aziz, CEO National Steel Car


Gregory James Aziz is the Chairman, President and Chief Executive Officer of National Steel Car which was founded in 1912. Gregory J Aziz was born in Ontario, got his education at Ridley College then majored in economics at the University of Western Ontario. He previously worked in his family wholesale foods business. Later in the 80s, he worked in the banking industry in New York, after which he bought National Steel Car from Dofasco in mid-90s. He desired to advance the company into railroad freight car manufacturer in North America. Employment grew rapidly to expand the company’s manufacturing capability.

 

 

The Canadian businessman confirms that the customers’ voice enables the company attains excellence in production. It is a competitive company that manufactures, and engineers railroad freight cars is located in Hamilton, Ontario. It has served in the production of these quality cars for more than a century. National Steel Car is built on excellence in engineering and manufacturing as well as loyalty to the demands of its clients. It has continuously delivered freight cars that have been designed to meet the dynamic needs of its customers. The high standards of innovation and production match the continually evolving railroad industry. Click Here for Related Information.

 

 

The team under the leadership of the influential Greg Aziz, works to maintain and improve their achievements in manufacturing, by challenging themselves, raising the bar constantly and staying true to the company’s core values. The integrity and undying commitment of their suppliers and ensured the company ranks as the best railcar manufacturer in North America. The Company has been annually awarded TTX SECO award for more than ten years. It is the only freight car, engineering and manufacturing company in North America that is certified ISO 9001:2008. It has held this honor for close to 20 years through recertification.

 

 

National Steel Car has realized its blooming achievements through a purpose-driven pursuit to honor traditions, determination to move forward, a desire to lead in the rail car production industry and to persistently offer outstanding service and quality production. The company makes rail transport reliable to all. While announcing the new regulations on rail tank cars, Gregory J Aziz commends the transport minister for harmonizing their safety regulations. This reassures their customers that their safety is guaranteed.

 

 

Aziz is also a charitable giver. He sponsors local charities in Hamilton including the Royal Agricultural Winter Fair, the Hamilton Opera, the United Way, and the Salvation Army among many others.

The Role of Obsidian Energy in Canada


Obsidian Energy is an intermediate-sized oil and gas producer company with a well-balanced portfolio. It has got high quality asset that produces about 30,000 boe per day. Obsidian has several subsidiaries including Canetic Resources Trust, Endev Resources Partnership, and Sifton Energy Inc. Currently, the company has approximately 300 employees on staff

 

Formerly, Obsidian Energy was Penn West Petroleum Ltd. It was later changed due to the high number of votes that favored the change of the name.

 

David French, the CEO of the company asked for the approval of the change of the company’s name. Obsidian Energy Company aims at impacting quality products and services by promoting relentless passion for the job the it does, discipline and accountability to its stakeholders, partners and the surrounding community.

 

Objectives

Obsidian Energy is entitled to making a positive impact in the communities in which it operates. The community matter program is what enables them to carry out their operations respectfully and responsibly. This reminds the company and its workers to communicate openly to the area residents and mitigate the effects that can be associated with oil and gas production.

 

Obsidian Energy is equally committed to reducing the effects of its operation to the environment. Its environment program aims at meeting or exceeding all environmental regulations, resource conservation, and reclamation practices. The company has been at the forefront of advocating for sustainable energy production in North America and abroad.

 

Achievements

As of Aug. 9, 2017, when Obsidian Energy announced its second quarter financial operational results, it is evident that

 There has been continued high volumes of production

 Operations funds flow reflects strong sales prices across all products

 The company has really contributed to the welfare of all parts of the United States as it is one of the strongholds of the currently flourishing economic development

 

Find Related Information Here.

 

There are several oil and gas production companies. However, Obsidian Energy stands out as a one of a kind company that not only focuses on production and sales but rather also on ensuring environmental safety for the community in which it operates.

 

Obsidian works keenly in maintaining and building relationships with their external stakeholders. It also provides training and education for its contractors and employees, ensuring they understand and abide by regulation.

 

More On: http://www.marketwatch.com/investing/stock/obe/news

Three Ways Gregory Aziz is Helping the Steel Car Industry


When Gregory James Aziz first purchased National Steel Car, he knew he would be making a decision that could change his career. In addition, he was making a decision that could change an entire industry. By making these choices, Gregory Aziz was giving an industry that had been around for hundreds of years a chance to survive in a world that was driven by technology and a fast-paced environment. He wanted to make money from National Steel Car, but he also wanted to make the company profitable like it was in the past. For Gregory Aziz to do this, he had to put in a lot of hours to the business.

 

Gregory J Aziz started out by making sure he could show people the way things would work if a steel car company relied on technology. The changes he made were evident in how quickly he could create the cars and how easy it was for him to get them where they needed to be. Gregory Aziz also did a lot of work making sure the process for production was streamlined in every way. All of this contributed to the positive experience people had while they were using National Steel Car.

 

For Greg Aziz to do this, he had to also make sure he was supporting the steel car industry. If the industry was defunct, he would not have a business. Without companies that were able to use the steel cars, it would be impossible for Gregory Aziz to sell the cars to people. Nobody other than steel car companies would have a need for the cars. Gregory J Aziz wanted to ensure the company would be relevant. By supporting the steel car industry, he was going to protect his company and give it a chance to continue growing as he worked on making sure it was profitable.

 

Despite there being many steel car companies throughout North America, National Steel Car has stood out because of their dedication to the customers they have. Even before Gregory Aziz took over, the company had a lot of time invested in helping their customers. They wanted to be sure all their customers were taken care of so they did what they could to help them get the support they needed through their company. Gregory Aziz took this further and continues to show customers they are an important part of the way business is done at National Steel Car.

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The New Phase of National Steel Car Pioneered By Gregory Aziz


Much is stated about the success and achievements of many people, but little is known of their troubles and challenges along that journey culminating in their victory. Well, truth be told; the journey to success is not always a smooth ride. To achieve, you must overcome hurdles and barriers you will encounter along the way. The success story of Greg James Aziz at National Steel Car is not different. He admits that getting the company to its current operation levels has not been a walk in the park, but he stands head high among the prominent figures that have propelled it to immense accomplishments. Read More On This Page.

 

National Steel Car is a railway freight and tank cars manufacturer. It has its headquarters located in Hamilton, Ontario. It has been in active operation for over 100 years. Over the years, the company has been quite an influential figure in automotive manufacturing that focuses on the production of high-quality units. Its distinct operation strategies are built on a strong foundation of excellence, setting it apart from other competitors.

 

Among the spear-heading factors in National Steel Car’s success is its exceptional and resilient leadership. The company is graced with a formidable team of influential leaders in all levels of production. Presently, it is under an actualized leadership of Greg Aziz, the Chief Executive Officer, Chairman to the Board, and also the firm’s President. For over 23 years now, he has been at the company’s helm and has managed to bring together outstanding talents from the field of engineering and technology. Utilizing their vast experience and unique skills, these experts have transformed National Steel Car into a great force in the industry, enabling it to accomplish even the most nerve-wracking projects.

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Most businesses aim at growing and developing over time, and so does National Car Steel under the able chaperoning of James Aziz. The company has extended its operations to a global scale and exuded both excellence in engineering and manufacturing. Besides, the firm’s unique designs are unmatched, and the global market salivates for its products as they meet the laid-down quality standards. This explains the firm’s dominance in Northern America and worldwide spread of its consummate automotive power.

Gregory J. Aziz is a tested and proven world leader. Having attended his higher-level education at Western University and earned a Bachelor’s Degree in Economics, he joined National Steel Car. Here, his efforts have been inspirational through the integration of the firm’s strongholds that has gone a long way in shaping its amazing feats. He has bestowed upon it a sense of direction and purpose, making it the leading railway freight and tank car manufacturer.

Source: https://www.bloomberg.com/research/stocks/private/person.asp?personId=39124620&privcapId=35787198