Louis Chenevert’s Early Life And Accession To Coveted Positions In The Manufacturing Industry

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When starting out in the manufacturing industry, Louis Chenevert had no more than academic papers and an undying hunger for success. This manifested in his interests in business and entrepreneurship and would play a key role in helping him scale up the career ladder. While he started as an automobile industry operator, he would retire from a CEO’s position with the prestigious United Technologies Corporation (UTC).

Early life

Louis was born and raised in Montreal, Quebec, and would soon join Montreal University where he majored in Production management. Coming from a relatively humble background at a time when the region was undergoing explosive industrialization, Louis Chenevert developed key interests in entrepreneurship and business. More importantly, he understood the importance of hard work in both career and business success at an early age. These skills would come in handy in helping him scale up the career ladder in both the automobile and aerospace industries.

Bold career moves

Louis Chenevert started out as production assembly supervisor with General Motors plant in Quebec. His dedication to the success of the plant, commitment to the production of quality products, and a keen eye to details gained recognition from the company President, Guy Hachey.

While referring to Louis as one of the best executives to have ever worked under him, Hachey mentioned that the production lines leave no room for mistakes and Chenevert’s ensured that the company did not report defects. Hachey would also play a key role in encouraging Louis to transition from automobile to aerospace industries.

He would first take up a position with Pratt & Whitney Canada where he helped the plant cut down no operational costs by over 10 percent. Louis Chenevert was then named President of the struggling Pratt & Whitney. His innovative approach to factory processes and excellent staffing and organizational skills would, however, help the UTC subsidiary regain profitability.

Moving to United Technologies

Louis Chenevert’s contributions to PWC Canada and the United States saw him tapped for the Chairman’s position at United Technologies. At the time of his retirement from UTC, Louis served as the Corporations Chairman and Chief Executive Officer. He also helped the manufacturer make its biggest move yet, the mass production of Geared Turbofan (GTF) Engine. Today, Louis maintains an advisory post with Goldman Sachs merchant banking division.

https://medium.com/@louischenevert6/who-is-louis-r-chenevert-c1ae95052bce

Fortress Investment Group And The Deal With iPass

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Fortress Investment Group, an investment management company from NY, recently worked out a $20 million worth partnering dealwith iPass. Was the agreement well accepted in the Fortress Investment Group?

The Brief History Of Fortress Investment Group

FIG was founded in 1998, by three gentlemen named Wesley R. Edens, Randal A. Nardone and Rob Kauffman. The company immediately started growing roots in the hedge fund sector, loans, and various real estate investments. More importantly, they worked very closely with Goldman Sacs.

The company snowballed, netting 39.7% in the time span of seven years (from 1999 to 2006.) They launched on the NYSE in 2007, becoming the first large private equity company to be traded publically. The company went through a rough time during the 2008 Financial Crisis but has managed to bounce back.

Moreover, in 2014 FIG was named “Hedge Fund Manager of the Year” by the Institutional Investor. FIG went through major changes on its road to the success. Nevertheless, the firm went forward with each new decision, and with each new deal, they made.

In one 2016 report, it was calculated that the Fortress Investment Group was worth $70.2 billion. More importantly, it showed the four primary sources of revenues: credit (mostly loans), private equities, free markets and traditional asset management.

On Recent Deal With iPass

iPass is one of the leaders in providing global connectivity options. Their $20 million deal with Fortress Investment Group netted them %50 of the mentioned summa instantly. iPass CEO boasted about this deal, claiming that this injection will help improve their financial structure.

But the deal was also greeted in Fortress Investment Group. They have always been investing on a low term basis, seeking technological trends. The fact that the FIG invested in iPass means that the iPass will only improve their already impeccable services.

Remember, iPASS is a tech-oriented company, focused on delivering net services, WiFi services, and well as roaming opportunities. The company allows its users to freely connect to more than 64 million hotspots worldwide.

Thanks to the new financial injection, they plan to own 340 million hotspots on planet Earth before they enter 2019; now that’s a lot of hotspots!

Anil Chaturvedi: Brief Informations on Education and Careers

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Anil Chaturvedi serves now as a managing director. This banker has about forty years experience with some of the head international banks. He is located in the Geneva Area of Switzerland. He is specialized in banking that is both private and corporate. It also specializes in cooperate advisory business and investment banking. This is with distinct focus on cross border transactions happening with India and Europe.

For his education, he attended “Dehli University”. This was from 1970-1973. “Delhi University”. It was there where he got for Economic Honors his Bachelor of Arts. Also, at the FMS, Delhi University for the topic of Financial Management he got an M.B.A from 1971-1973.

Anil Chaturvedi has been involved in different jobs. An early one he did began in September of 1987 at “Manager (Development & Planning”). In this job he showed a responsibility for strategic implementation and planning of a strategy of marketing in order to gather business on Indians who were nonresident in America. In this job he gained the honor of receiving the “Man of Year”. He also succeeded in strategizing the implementation and marketing which created an outcome of a new business of more than $500 million. This was in a total of four years.

The most recent job he was involved into was at the “Hinduja Bank”. His job there began in November 2011. He served as a managing director there. He shows responsibility for the creation of a business in the corporate advisory category. This job includes making cross border strategic alliances more simple between corporates in the locations of Asia, USA, India, and Europe. This is also in acquisitions and mergers, the selling and reorganization of credit syndication, organizations that are international, and capital that is raised form institutional investors. Other jobs he was involved in was at “Merrill Lynch” as the International Managing Director for Merrill Lynch from 1991-2011 in the greater New York City Area. He also from 1991 to 1993 worked at “ANZ Grindlays Bank” located in New York. He served for Operations of the United States as the Vice President and the Senior Representative.

https://www.guidestar.org/profile/56-2547771