Where you are today, does not matter, where you are headed, and the energy you are willing to put in to get to where you want to be is what matters. The sooner many entrepreneurs understand this, the better it will be for them. Louis Chenevert is a good example of this statement. He grew up as a normal child and developed entrepreneurship interests at a tender age.
Louis Chenevert knew that if he put in hard work and stayed committed to his career, he would achieve his goals. He began by acquiring a degree in Production Management in HEC Montreal. The Production unit in a company determines the profits of the company. The Production Management helps in ensuring that goods produced in a company are of high quality and costs are minimized. This was the right career for Louis because he wanted to help companies.
After completing his degree, he went in search of a job, and he landed in General Motors. Here he worked for more than a decade. He learned many factors affecting the production of a company during this time. Before he left the company, he served as the General Production Manager meaning he oversaw the production of the company on a large scale basis.
In 1993, he got a chance to work with Pratt & Whitney which is an engineering company. After six years of working in the firm, they promoted him to their President. During this time, the company was a subsidiary firm of United Technologies Corporation (UTC).
When the management saw the difference that he was bringing about in Pratt& Whitney, they gave them the CEO seat of UTC. This must be the best decision that they made. The state was facing a serious financial crisis by then, and many companies were closing down. At this point, all the companies were striving for is, to stay in the market.
Louis Chenevert did more than this to UTC. He doubled the value of the shares of the firm. He also made acquisitions that led to UTC gaining leverage in the market. This is why it is hard to discuss UTC and not mention Louis Chenevert.
The role of Tony Petrello in the growth of Nabors Industries can never be underestimated. Since he came into the company, it has gone total transformation. It is now a leading company in the world which has made a huge transformation of the oil natural gas drilling company. Nabors Industries is a company he joined in 1991 and has been working closely together with other players in the oil industry to change the industry. Tony Petrello leads the drilling technology giant from Texas where the headquarters of Nabors are located. Its operations are not limited to the United States only. It is currently operating in 25 different countries. Currently, it is the largest drilling firm in the world. It is the best drilling rigs that are needed for effective drilling operations.
Tony Petrello joined Nabors Industries for the first time in 1991 after quitting his job as a lawyer. He was recruited by Nabors Industries who were his client in the legal field to head the operations department in the oil company. He was hired and immediately given the position of Chief Operating Officer. The first thing which impressed the management of Nabors industries back then was the ability of Tony Petrello to solve problems. He was a talent problem-solver who could come up with solutions for almost every challenge that he would encounter in the industry. The second thing is that he was a trained lawyer specialization in business-related issues. He mainly dealt with matters of business management and taxation. He, therefore, had a solid understanding of finances in a business organization.
Tony Petrello came into Nabors industries and established a new era in the history of the company. He came up with brilliant ideas which he proposed to the board. Some of them are the reason why we see Nabors Industries as the largest drilling technology firm on the globe. Immediately he took over as the CEO; his first task was streamlining the operations of the company so that there would be better productivity. He also proposed the company to acquire smaller competing firms to boost its expansion. There are some of the decisions which formed the foundation of growth in the oil company.
Tony Petrello has been doing great in the management of the firm. In 2015, he was ranked among the top-paid CEO in the United States. This was a mark of approval for the good work he is doing at Nabors. He has managed to transform the industry into a leading global firm.
Check more about Tony Petrello: https://chronicleweek.com/2017/11/tony-petrello-donates-7-million-to-texas-childrens-hospital-of-houston/