Category: Business

How Louis Chenevert Left a Legacy at UTC

Louis Chenevert’s time at United Technologies Corporation (UTC) as the chief executive officer was one that was marked by phenomenal success. He established high standards that exceeded what other CEOs could do. One of his largest successes was the acquisition of Goodrich, which, amounting to an 18.4 billion deal, was one that built a huge synergy within the company and what they could supply in-house to their clients.

When Airbus chose Pratt & Whitney, one of UTC’s subsidiaries, for their new engine supplier it was largely due to the efforts of Louis Chenevert. He had pushed for development of new materials which would allow the engine to burn hotter and thus more efficiently. One of the other concepts of this engine that has had longlasting impact is that it decoupled the fan. This change has paid off since as Pratt & Whitney builds even more advanced and larger engines using this technology.

It was at Pratt & Whitney Canada that Louis Chenevert had first joined UTC in 1993. In 1999 he was named as the companies president and in 2006 he was elected as chairman of the board of UTC. He was eventually named CEO and served in this position until he decided to leave UTC on December 8, 2014. After taking some time off he joined Goldman Sachs where he was an advisor in their Merchant Banking Division.

Louis Chenevert is from Canada. He attended HEC Montreal and earned a bachelor’s degree in production management. After earning his degree he found a job at General Motors where he stayed, rising to higher levels of responsibility, for 14 years. Once he started his career at Pratt & Whitney he quickly familiarized himself with their production management policies and how to grow both sides of their business which includes both civil and military aviation.

Over the course of his professional career, Louis Chenevert has been honored several times. He was presented with an honorary doctorate by HEC Montreal, his alma mater, in 2011. It was also in this same year that he was named by Aviation Week & Space Technology as their Person of the Year.

Richard Mishaan Design Speciality in Producing Perfect Customized Styles

Having the perfect design architecture for your home or office is the most adored preferential personality that defines many people in these modern days. Finding an expert who can offer you what you need is not an easy task. Thanks to Mishaan’s Design who are exceptional designers in coming up with unique and customized designs to their clients. Mishaan has a combined knowledge in fashion, architecture and creating perfect interior designs that match different home themes. His origin arising from a society with deep cultural roots gave him an undisputed understanding of luxury and quality.

Mishaan who is the CEO of the Mishaan’s Design was born in Colombia. He managed to achieve his BA from the University of New York and also the Columbia University School of Architecture. After attaining his BA, he worked as an apprentice in Philip Johnson offices. More than anything else, he has worked hard in Richard’s Design to perfect his career and help people dwell in their dream surroundings made with perfect designs. He has written two books including Artfully Modern which features design and styles and Modern Luxury which was published by the famous Monacelli Press and learn more about Richard Mishaan Designs.

He developed his unique way of coming up with excellent designs at the Mishaan’s Design. He says that he improvises the concept of looking at homes as a cozy repository for arts and collections. This is proven from looking at the SOHO loft which he designed at Richard’s Design for a couple some time ago. The design contains everything from taxidermy, antique furniture, and modern paintings and Richard’s lacrosse camp.

Personality is the key motivation for design as they value design and finds the best way to come up with a beautiful way for desperate objects to co-exist. It is all about coming up with a unique design and showing that it can add a lively sensation to the dwellers. That is why Richard Mishaan’s Design is popular designer known for making luxury designs as per their client’s needs and read full article.

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Talos Energy is a Significant Player in the Mexico’s Zama-1 Project

In 2015, Mexico awarded three private companies the rights to prospect oil within her borders. The three companies, Premier Oil, Talos Energy, and Sierra Oil & Gas agreed to work together to actualize their first project. In the second quarter of 2017, the three companies commenced drilling their first well, the Zama-1 oil well, located in the Sureste Basin.

The Zama well, estimated to hold somewhere between 100 million and 500 million barrels of crude oil, is the first non-Pemex oil well in Mexico in over 80 years. In 1938, Mexico nationalized her oil sector, a move that caused an international boycott of Mexican products by countries such as the U.S, Netherlands, and the U.K. However, Mexico insisted on implementing her agenda, and for eight decades, Pemex (also known as Petróleos Mexicanos) dominated the Mexican oil industry. Apparently, the state-owned Pemex failed to deliver the expected gains. In fact, in the run-up to welcoming foreign companies, the Mexico’s oil industry was under-performing.

In May, Premier oil (an independent UK oil firm) released a press statement regarding the Zama well. The report indicated that it would take three months for the Zama well to be completed. Also, the well would cost Premier, which owns 25% stake in the venture, $16 million. Talos Energy, an American company, owns 35% stake in the Zama project while Mexico’s own Sierra holds the remaining stake.

The Zama project excited local as well as international investment firms. Elaine Reynolds and Charlie Sharp of Edison Investment Research and Canaccord Genuity respectively expressed high expectations for the project. According to Reynolds, the project would likely succeed based on the analysis of the rock structure around the Sureste Basin. Sharp regards Zama as an interesting oil well to be operated in 2017.

Talos Energy, a Houston based company founded in 2012, is the operator of the Zama Well. The private company is interested in the in the exploration, development, and production of oil and natural gas properties in the Gulf Coast and the Gulf of Mexico. Presently, the company is under the stewardship of Tim Duncan. He is the CEO and the co-founder oil Talos Energy.