Louis Chenevert is well-known for his great accomplishments. He has more than 14 years of experience working for different organizations. Examples include United Technologies Corporation (UTC) serving as the chairman as well as the CEO and at General Motors holding the St. Therese Production General Manager position. Louis is French-Canadian and was born in Quebec. Chenevert also has his education contributing to his achievements. He went to Universite de Montreal earning a bachelor’s degree in production management.
Louis Chenevert worked for General Motors for over ten years and later joined a unit of the United Technologies Corporation called Pratt & Whitney. In 1999 he was promoted to serve as the president of the whole Pratt & Whitney division, this was after six years of great work in the company. Seven years later, Louis’ hard work paid off once more, and he was upgraded to the CEO and President positions at UTC. Under his leadership, UTC thrived and became more successful. In just one year Chenevert had acquired more than what other executives in other firms had managed. Louis led UTC during one of the company’s significant transactions worth $ 18.4 billion, that is, the acquisition of Goodrich.
Louis dedicated all his energy to focus on the company’s improvements to make it grow and bring in more profits. He believed that investing in the right people and tech in any enterprise was the way to succeed and go beyond. The same principle was used at UTC, and this brought massive improvements in the organization. UTC proved that investing in people is valuable in the company by starting the Employee Scholar Program. The program aimed at helping the staff, continue with their studies for free to improve the productivity of the enterprise. The whole project has benefited more than 40000 people globally so far.
Louis ability to see ahead and pick projects that had potential to become successful led UTC to greatness. Chenevert left a legacy at UTC, and the same principles he used are the ones used currently. Since Louis Chenevert joined UTC, the company has continually experienced massive growth. During an economic crisis in the US, Louis still managed to lead the company to overcome the situation. In 2014, Louis left the company, but he left it better than he found it.
Hussain Sajwani is a shrewd entrepreneur. He is behind the success of different businesses. After graduating with his bachelor’s degree from the University of Washington, he was recruited by Gasco to serve as the contracts manager. After a while, he left. Soon after, he saw an opportunity in the food service industry. To this end, he founded a catering business. The company was able to work with the United States army. They were also given a contract to supply them with food products in Somalia, Bosnia and the Gulf. The success of the company saw Hussain Sajwani work with globally-renowned companies such as Bechtel.
When the Dubai government opened its real estate company to foreigners, Hussain Sajwani established DAMAC Properties. He started by investing in a piece of land in an undeveloped location. The executive says that he was surprised by the high demand for residential property, as many units were purchased even before he had started constructing the 38-story building. The success of this project enabled him to engage in the development of many other properties across the Middle East. For purposes of remembering his entrepreneurial roots, the DAMAC owner decided to incorporate his catering division into the company.
DAMAC Properties ranks as the leading developer of luxury properties in the United Kingdom, Lebanon, Saudi Arabia, the UAE, Jordan and Qatar. Presently, the company is developing over 44, 000 units. They have already delivered more than 18,500 homes. The mission of DAMAC Properties is to provide the public with dream houses that embrace living concepts. The company has managed to operate as a going concern because of working with talented employees and seeking for the right development partners.
For a long time, the Trumps have maintained good rapport with Hussain Sajwani family. This is because the two families have vast business interests. The chairman of DAMAC Properties says that he partnered with Trump’s company to complete the Trump International Golf Course. The two entrepreneurs generated more than two billion dollars after selling their luxury villas.
Over the years, Hussain Sajwani has participated in various community initiatives. In his spirit of giving back to the society, Hussain gave AED two million towards a noble initiative that seeks to cloth needy children across the world.