Louis R. Chenevert was the President Chief Operating Officer (COO) of United Technologies Corporation in 2006. In December of 2014, he stepped down as CEO of UTC. How was one man named Louis Chenevert able to make United Technology Corporation a legitimate force to reckon with in his eight-year presidency? He was able to bring the company back to prominence by going back to the basics.
One of the main things that Louis R. Chenevert
was able to do was bring United Technologies back to what it did best. He focused the company on two main areas. The first area was aeronautics and the second building new things. Chenevert also managed to make United Technologies Corporation very profitable while America was in the grip of recession. He was able to keep most of his workforce in the United States while avoiding the pitfalls of outsourcing.
Under Chenevert’s guidance
, UTC was to become a world leader in the innovation of jet engines and building space. The stock price also increased more than two-hundred percent. It went from a paltry thirty-seven dollars a share
to more than one hundred dollars a share.
The company was also able to focus on building new things for the aeronautics industry. UTC builds things like flight sensors and controls as well as landing gears, brakes, actuators and most importantly jet engines under Chenevert’s tenure.
One of the most impressive things that Chenevert was able to pull off was that he made a huge company work in a time when most businesses were floundering. Chenevert knows the intricacies of big business. He was able to make United Technologies a behemoth of a business by doing simple things right. He made the company environmentally friendly, kept Americans working and focused his energy on what the company did well. that is the hallmark of Louis R. Chenevert.
The career of Louis R. Chenevert
may be over at UTC, but his influence will last in the aeronautics and building space industries for years to come. He knew how to make a big business even better. It all started with basics.
Sam Tabar’s career has seen him work in a few companies in influential positions. As head of Capital strategy at Bank of America Merrill Lynch, he introduced fund managers to institutional enterprises like fund of funds, endowments, family offices and foundations. He also managed the capital allocations cycle including fund managers and their investors. Over his employment period at the bank, an over 1250 supplemental rolodex of institutional investors was built. While in this company, he helped in building office teams and consulted on legal operations. Prior to joining Merrill Lynch, he worked for Sparx Group as Co-Head of Marketing. This was the most successful fund in Asia Pacific. This position saw him manage all facets of the marketing effort.
At Full Cycle, Sam Tabar is the Chief Operating Officer. Here, he raises funds, scrutinizes legal matters as well as tax related compliance and regulations. Apparel appointed him as CFO owing to his experience and expertise in financial matters.
Sam Tabar was an attorney at Skadden, Arps, Meagher, Slate&Flom. At Skadden he helped clients learn how to form hedge funds and also investment management. He counseled clients on other matters as well: private placements, employment issues, compliance issues and regulations. He also worked in a similar capacity for Schulte, Ruth &Zabel, but left in March 2014. Privately, he invested in Tribute and also SheThinx: a firm responsible for reinventing feminine hygiene by empowering women around the world. SheThinkx is one of his well-known client as it helps women step into the social world and innovate.
After his graduation from Oxford University, where he graduated with honors, he joint Colombia Law School and was the associate editor for the Colombia Business Law Review. He is currently a member of the New York State Bar. Tabar is a multilingual, speaking both English and French fluently. He has a functional command of Japanese.
Sam Tabar loves music, rowing and enjoys ballroom dancing. He posts on Vimeo, some of the amateur videos he makes at his own leisure. These posts are mainly nature posts. He has a twitter account and is also on Facebook.