Canadian businessman Louis Chenevert got his start at General Motors. He led their Saint Therese operations as its production general manager for 14 years. He then headed to the airplane engine firm Pratt & Whitney where he eventually became president in 1999. In 2006 he promoted to this firm’s parent company, United Technologies Corporation.
He started out as a director, was eventually promoted to president and chief operating officer, and in 2008 he became the chief executive officer. In 2010 he joined the board as its chairman. He decided to retire in November 2014. However, that didn’t last long and he now advises people on their investment decisions at Goldman Sachs.
As the top executive of UTC Louis Chenevert had a lot of successes he can point to. One of these was designing a new narrow body aircraft that is used by Airbus, Embraer and Bombardier. His company then designed new Gulfstream G500 and G600. They had replaced Rolls Royce for these airplanes who had this contract for decades. Another big success he says was being the sole supplier of F135 engines which he says forever changed military propulsion.
Louis Chenevert says that when he was leading United Technologies Corporation he focused on building small and nimble teams. He empowered these teams with the tools and funding they needed to develop innovative technologies. He also gave them a wide latitude of autonomy which he thought was incredibly important. The goal was to always make sure key objectives were met in a highly efficient way.
In order to succeed at the top of this company, he said that he always followed-up on projects and fully focused on them. He was also passionate about leading this company and always felt optimistic about the success of the company. He chose to not take part in internal politics and always made sure that his executives had the resources they needed to carry out their jobs. The worst job he ever had he says is working 2nd shit at GM when he first started out. He said the people he worked with had some really great ideas but the management of this company didn’t listen to them.
Flavio Maluf has created a repute for airing out his opinions regarding crucial issues in the economy. Recently, he made several comments about the hurdles facing the management of the Brazilian industry as well as the gradual changes taking place. This is after the Industry Thermometer, a tool used by the National Confederation of Industry, showed five positive indicators out of nine pertaining to the growth of the Brazilian economy.
Flavio drew facts from information provided by the Charter of Conjuntura of the Institute of Applied Research. As such, he cited a substantial decline in the recessive cycle that has been affecting the Brazilian economy since the second quarter of 2014.
He attributed the improvement to the modest process of import substitution, good production performance in the first seven months of 2016, as well as the progress in the adjustment of inventories. He also cited indications for greater economic recovery, especially with improved confidence levels. The Industrial Entrepreneur Confidence Index displayed 51.5 points in August, which is a positive indication considering that the 50-point mark acts as the boundary between optimism and pessimism.
Flavio Maluf and Eucatex Group
Over the years, Flavio Maluf’s name has garnered tremendous popularity for his outspoken views and ideas. Currently, he runs Eucatex Group, the family business, as the president. After joining Eucatex Group in 1987, he did not just assume an executive position by virtue of being part of being part of the Maluf Family. He worked for about a decade in the trade area before shifting to the industrial area in 1906. This gave served as an excellent opportunity fort Maluf to learn about the operations of the company before assuming a higher role. Later after being invited to join the frame executives, Maluf was endorsed as Eucatex’s president.
Eucatex Group is a globally recognized and Brazilian-based company. The company was established in 1951 as a manufacturer and marketer of insulation and liners made from eucalyptus. Currently, the company boasts of two business divisions including the furniture and construction industries. Its furniture section acts as the largest manufacturer of MDP, wood fiber plates and Tamburato, which are produced through advanced technology. On the other hand, the construction side produces laminate floors, modular partitions as well as paints.