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Louis Chenevert Leaves A Legacy At UTC

Louis Chenevert knows how important it is for a leader to invest in the future. As a CEO he was able to set an example that others were eager to follow. When Louis was with a company he wanted those, who worked there to be proud to associate themselves with the team. He took over as CEO of United Technologies Corporation and began to make his influence on the culture. Louis wanted his team to understand that he believed in them and wanted to know about their ideas. He was a leader who could see the long term and short-term goals of a company. UTC is a cutting-edge technology organization and increased its influence in the industry during Chenevert’s leadership. Louis thrived on letting creative minds influence the company’s direction. This type of philosophy allowed UTC to develop into a business that supports the US economy with its creativity.


Technology changes at a rapid pace. There are always new items being presented to consumers. Therefore, customer demand continues to grow. Louis decided to keep UTC current with the swell of demand by hiring 20,000 people over a three-year period in the United States of America alone. A move such as this proved that his company was dedicated to supporting the creativity that they advertised.


The main organization in an industry will have affiliate brands that it works with. It is important to invest in support companies. United Technologies Corporation relies on many subsidiaries and made a tangible investment of 40 million dollars over a three-year period to keep them viable. This was to ensure that UTC was getting a quality product from their affiliates.


People are the creators of technology. UTC is a company that encourages creativity among its employees. Louis and his team wanted the innovative minds in the company to think outside of the box and push past the limits that had been set by the industry. UTC got behind this methodology by creating a scholarship program for team members to earn college degrees. The program allowed them to study any field of their choice, and the company paid for it. The idea was to provoke a healthy form of mental growth. Click Here for additional information on Chenevert.


Louis Chenevert is from Quebec Canada. He is a graduate of HEC Montreal. HEC is the business school affiliate of the University of Montreal. Chenevert earned his bachelor’s degree there and then set out to establish himself in business. He had a 14-year career with General Motors. Chenevert then went on to Pratt & Whitney. From there he became the CEO of United Technologies Corporation. Chenevert stepped down from his position as CEO of UTC in 2014.


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Gregory Aziz Has Plans For National Steel Car

National Steel Car has given Canada so much. It was essential to the growth of the country over the course of the 20th century and it still plays a vital role today. However, that success wasn’t a fluke or a sure thing. It was the result of the hard work and intelligence of people who were determined to see their company rise to the top. Gregory James Aziz stands as the greatest example of what that looks like and how CEOs lead their employees to the promised land. He has served National Steel Car for years and he continues to do so today.


Gregory James Aziz was known for his financial genius well before he decided he wanted to make a name for himself at National Steel Car. His initial work in finance proved he was perfectly capable of making good business decisions and he simply went from there. As CEO of National Steel Car, he has made a decision to keep this company going towards the right direction in the future while keeping mind of what made this company great and what it needs to keep itself headed towards a better future. Gregory James Aziz is certainly the man for the job.


Canada’s freight industry isn’t going anywhere, and it still needs someone to maintain it. Freight cars are an old technology that continues to be relevant to our modern world because we use it to transport many incredibly valuable things. Aziz is focused on giving companies better transportation and on helping them give Canada what it deserves for the future. Fortunately, it seems as if he is succeeding in his goal. He’s helped National Steel Car reach this far and it doesn’t appear as if there are any signs of this business stopping or going downhill from here. The company received TTX SECO award for quality, for over a decade. ISO have recognized the growth of the company awarding it the ISO 9001:2008 certification


The work of National Steel Car is basic to any successful country and it’s impossible to separate that fact from reality. Despite the obvious need for freight cars many people simply don’t understand why these long-lasting companies survive. They aren’t easy to operate, and their success is necessary for the country to move as a whole. You can always appreciate the work of James Aziz because he has made it clear why he does what he does and how he plans to move National Steel Car forward. That’s something sorely lacking in many businesses, but it is appreciated when it is seen. See This Article for additional information

Greg Aziz Is The Leader of the Century

Gregory James Aziz functions as the CEO of National Steel Car, which is a Canadian based rail company. They also go by the name National Steel Car Ltd. Greg Aziz has served as the Chairman of the board and of National Industries, Inc. for years.


Gregory J Aziz was raised in Hamilton, Ontario, which he now calls his home. This is also the location of his immense business.


Greg Aziz was primed to excel in business since he received a degree from Western University in the field of economics. His education has served him well during his tenure as CEO of National Steel Car.


It is because Greg Aziz is such a wise leader that Nation Steel Car Ltd has been able to conduct business for a little over 100 years. His wisdom is displayed in several decisions he has made.


During his time at Western University, Greg Aziz learned that innovation is the heart of a business. The moment a business rests on previous accomplishments is the moment the competition destroys them. He sold the vision that the company must consistently challenge its departments to grow.


This vision of Greg Aziz propelled National Steel Car to the top of its industry. This was because they became more efficient and more creative than any other rail industry company. This constant pursuit to achieve excellence raised National Steel Car to the top choice in North America for railroad manufacturing.


Greg Aziz then spent time giving recognition to those who made his business excel. The profusely thanked his customer base for all the support they have given throughout the years. He acknowledged the supplies who have consistently given them good business for affordable prices. He thanked and encouraged his loyal workforce of 2,000 people. Without their commitment, National Steel Car would never have achieved 100 years of success. Lastly, he recognized his leadership staff who helped instill his vision throughout the various departments. It was because of these four groups that National Steel Car grew to become the trusted brand that it is today.

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Gregory J Aziz has gone further to show that he is not just about the money but cares about what impact his company has on the world. He united with the various ministers of Canada to promote safer regulations for rail workers and tank cars. This increased safety led to an immediate decrease in needless rail car accidents.

Source: https://ca.linkedin.com/in/gregaziz

Obsidian Energy Strives to Improve Operations

Obsidian Energy is a Canadian oil and natural gas company that is located in Calgary, Alberta. The gas and oil fields are located in a region of one of the world’s largest petroleum reserves. Prior to Obsidian Energy, the company was known as Penn West Petroleum, Penn West Exploration, and Penn West Energy Trust.


At one point, the company was the sixth largest company in the Toronto Stock Exchange. The company experience financial difficulties in 2014 when there was a significant decrease in crude oil prices. The decrease forced the company to restructure the majority of their assets throughout the next two years in hopes of reducing debt. As of June 26, 2017, the company changed its name to Obsidian Energy. The assets and organizations within the company deliver the best results that allows the company to succeed in the industry.


The company has made a number of significant changes that have allowed the company to grow. Obsidian focuses on having a positive impact on communities. They are committed to conducting their operations in a respectful and responsible manner. They encourage their employees and contractors to openly communicate with residents about the impacts and concerns involving the gas and oil operations. The company aims to reducing the impacts of their operations on the environment. Anyone that has any questions or concerns about the operations of the company is encouraged to email or call their toll-free number. See This Article to learn more about the company.


The CEO of Obsidian Energy is David French. French became CEO of the company in October of 2016. Prior to Obsidian Energy, he was the President and CEO of Bankers Petroleum Ltd. Obsidian Energy currently has three operations. These operations include: Alberta Viking, Cardium, and Peace River. In conclusion, the company strives to guarantee that all stakeholders have a good understanding of their business operations.


Visit: https://globalnews.ca/news/3481168/penn-west-proposes-name-change-to-obsidian-energy/

Newly Named Obsidian Energy Looks Toward The Future

Obsidian Energy is an oil and gas producer with a high number of quality assets that help them produce thousands of boe per day.


Obsidian Energy was formerly known as Penn West Petroleum, and they announced earlier during the year that the company shareholders agreed to change the company name. At that same meeting, Penn West Petroleum announced that their stock symbol will be changed to OBE on the Toronto Stock Exchange, as well as the New York Stock Exchange. See This Page for More Info.


David French, The President and Chief Executive Officer of Obsidian Energy, believes that the future is bright. French believes that the name change is the next step in the company’s evolution. Obsidian Energy will emphasize a never-ending pursuit of innovation and progress, responsible decision making to help build the company, and full transparency with company shareholders, business partners, and the community that they serve. French says that Obsidian Energy will make an impact because it has great assets, a unique hedging strategy, and a balance sheet that will help the company reach their goals regardless of the environment.


Alberta Viking


Obsidian Energy relies on Viking products for their infrastructure. They have ownership over the entire Esther area. Alberta Viking has a combination of gas and light oil with quick cycle wells. This allows for lengthy cycle activities.


Peace River


Obsidian Energy and The China Investment Corporation collaborated to announce The Peace River Operated Partnership. The companies will use the available oil resources to establish cold flow production. The partnership has built up many years of inventory due to successful economics.




The Cardium is an important part of Obsidian’s success. Obsidian Energy uses an integrated water flood strategy to keep reservoir pressure that reduces the decline rates on new wells. The Cardium has used water floods to increase recovery rates, as well as production.


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Gregory Aziz Benefits The Whole Society Through Corporate Investment

The car manufacturing industry is one that requires enormous amounts of financial investment. The situation is caused by the exceedingly high cost of raw materials that are typically associated with the input that goes into the process of manufacturing automobiles. Additionally, significant levels of competition commonly exist within the industry due to the need for product customization. Therefore, to gain from the car industry manufacture process, an investor needs input a considerable amount of finance. LIKE HIM ON Facebook.

Greg James Aziz has managed to prove that nothing is impossible provided one has the right mindset. The President and Chief Executive Officer of National Steel Car has played an enormous role in ensuring that high-end products can be availed to the continually growing number of potential clients. Transportation is essential as it enables people to move between different locations, and just like food, transport facilities are always needed in the society.


Greg Aziz was able to spot the promise within the transport market since the food industry required that products be availed to specific locations as fast as possible. When the opportunity presented itself, Gregory J Aziz fully embraced it, and he went ahead to purchase the National Steel Car. The move was very bold, and James Aziz viewed this an opportunity to revolutionize the transport industry entirely.

Aziz’s rise to success is associated with working in different companies within the banking sector. After majoring in economics at the University of Western Ontario, Greg Aziz played a crucial role in leading different banking institutions within New York to take advantage of the economic opportunities that existed in the economy. In the process, he was able to sharpen his skills, and afterward, he managed to acquire the National Steel Car. Click Here For Related Article.


Gregory James Aziz has managed to achieve his dream of owning the best performing engineering and railroad manufacturing company in North America. At the moment, the enterprise produces about 12,000 cars in a single year, and this is as a result of efforts being directed towards improving the engineering methods that were previously used in the organization.


There has been much emphasis on team development and investing in the human resource aspect of National Steel Car. The firm has not only profited itself, but it has ensured that many inhabitants of the North American region can access adequate income. The number of employees in the company has gone high by more than 2300 personnel. Gregory James Aziz is not only investing to better himself, but he is also struggling to ensure that general society can be able to benefit from engaging in the manufacturing process.

Obsidian Energy

*An in depth look at Obsidian Energy:


Obsidian Energy is a gas and oil production organization. Obsidian Energy is headquartered in Calgary Alberta. The company is currently listed on the Toronto Stock Exchange. Obsidian Energy obtains most of their gas and oil from the Canadian Basin. The Canadian Basin is an area in which several oil and gas establishments are located.


Obsidian Energy was previously operating under the name of Penn West Petroleum. Following a company merger in early 2017, Penn West changed its name to Obsidian Energy. The Company is now a publicly traded organization.


*CEO/ Corporate Officers:


David French is currently the Ceo of Obsidian Energy. Mr. French has been with the organization for a period of two years. He has extensive experience with business development matters. In addition, David French has the ability to identify and meet the needs of each client.


*Educational Background/ David French:


David French graduated from Rice University with a Bachelor degree in Business Administration. In addition, He obtained his MBA from Harvard University.


Baytex Energy Company is one of Obsidian Energy’s oil and gas producers. In addition, Obsidian Energy has affiliations with Point Energy Company. The organization has experienced exceptional growth since David French assumed the position as CEO of Obsidian Energy. The company also reached Peak Market Capitalization which helped Obsidian Energy to become a more recognized oil and gas production company not only in Alberta but in other parts of the world.


Investors seemed to take an interest once the merger between Obsidian Energy and Penn West was completed. It seems that stocks related to Obsidian Energy payed high dividend returns. Read This Article to learn more.


For additional information about this organization please view www.obsidianenergy.com. The company web site is quite informational and is updated on a regular basis. Any new company information as well as corporate governance issues can be found on the Obsidian Energy web site.


More: https://globalnews.ca/news/3481168/penn-west-proposes-name-change-to-obsidian-energy/

Gregory Aziz: The journey towards National Steel Car

Gregory J Aziz is chairman, president and Chief Executive Officer of National Steel Car; which is among the world’s top railroad freight vehicle engineering and fabrication companies in Hamilton, Ontario.


Gregory J Aziz was born in April 1949 at London Ontario. He got his education from Ridley College before doing an Economics major at the University of Western Ontario. His hard work and passion was evident when he joined the family wholesale food venture, Affiliated Foods. He joined the company in 1971 and it grew consistently in the 16 years he was a part of it to become a fresh food importer worldwide from Europe, South and Central America. The company has distribution to the major wholesale markets specializing in fresh food across Eastern Canada and the US.


In the late 1980s and early 1990s, Greg Aziz worked on several banking investment opportunities in New York. From that success, he organized the acquisition of National Steel Car in 1994 from Dofasco. Greg James Aziz had one vision; to transform the Canadian company that once been great into the top railroad freight and car manufacturer in North America. Read This Page to learn more.

Greg Aziz emphasized on National Steel Car’s exceptional engineering capabilities and team building. He took the risk and made both capital and human investment. The company made great leaps in expansion. Their manufacturing capability moved from 3500 cars per annum to 12000 cars by 1999. Here, employment in that same period amassed as well from 600 to close to 3000.


Getting to the point where the company is today taking a continuous search for manufacturing and engineering expertise. National Steel Car is at the forefront of leading the market in car innovation. The company builds thousands of brand-new railroad freight cars annually. The company has consistently received the TTX SECO highest quality award from 1996. North America has had one railroad and freight car, manufacturing and engineering company and that’s National Steel car.


National Steel Car has always given back to Hamilton community by sponsoring the Hamilton Opera, Theatre Aquarius, Salvation Army among other numerous charities. Every year they throw a Christmas party where thousands of employees and their kids make it a point to attend and be part of the company’s huge food drive to local companies.


Greg and Irene his wife are sponsors of Canada’s most profound agricultural fair; Royal Agricultural Winter fair.

Penn West Restructures And Changes Name To Obsidian Energy

On June 26th, 2017, Penn West Petroleum Limited turned on a new leaf by formally changing its name to Obsidian Energy. This move came after 92 percent of the shareholders voted in favor of the same. The change of name for the oil and natural gas production company based in Calgary, Alberta, didn’t just happen. The shift comes after the company survived a commodity price crash, four years of high debts and an accounting scandal which resulted in operational and financial difficulties. These necessitated a change to give the company a new face.


In July 2014, Chief Financial Officer David Dyck discovered irregularities at Penn West and reported that nearly $300 million in expenses had been miss-classified. The error forced the company to restate its financial reports for 2012, 2013 and the first months of 2014. As a result, there were class-action lawsuits in the United States and accounting irregularity related lawsuits in Canada.


Obsidian embarked on asset sales after the scandal, which helped to reduce the net debt from three billion dollars to $384 million. Starting late 2012 to June 2014, the company had reduced its workforce by almost 50 percent. In a bid to cut further on expenses, Penn West also decreased its employees from 1,415 to 407 at the end of 2016. Its production was reduced from 135, 000 barrels to 28, 000. There was a suspension of dividends payment and compensation for the board of directors cut. Refer to This Page.


Obsidian Energy has its oil and gas fields in Alberta in a region known as one of the largest petroleum reserves in the globe. Its three main areas of production are Alberta Viking, Peace River oil sands, and the Pembina Cardium. The intermediate-sized oil and gas production company now has a well- balanced portfolio with an estimated production of 30,000 barrel of oil equivalent per day (BOE/D).


As currently constituted, the organization is now leaner and has resolved to be accountable to its partners, the shareholders, and the communities in which it is based. It plans to pursue growth within the next three years through a modest budget that is commensurate with the price of gas and oil.


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An Overview Of Gregory James Aziz and His Achievements

Gregory J Aziz is the CEO, president, and chairman of National Steel Car. The company is based in Hamilton, Ontario and is renowned internationally as a leader in the manufacture of railroad freight cars. Aziz earned his first degree, in economics, at the University of Western Ontario. In 1971, he got a job at the family owned Affiliated Foods. Almost two decades later, the company had become a worldwide importer of major wholesale fresh food markets throughout Eastern Canada, Europe, and the United States.


Early career

From the late 80’s to early 90’s, Greg Aziz was looking at investment banking opportunities in New York. He managed to purchase National Steel Car in 1994. His goal was to create a global leader in freight car manufacturing using the formally great Canadian company. Gregory James Aziz emphasized strong team building and engineering capabilities at National Steel car. By 1999, he had increased annual production to 12,000 cars up from 3,500 cars, and hired 2,400 workers. The company’s manufacturing excellence, engineering, and innovation led to its getting the vote for highest quality railroad cars in North America for 18 years in a row.

Community development and philanthropy

James Aziz is committed to the Hamilton, Ontario community. As the company’s fortunes improved, he has generously given to the community. For example, National Steel Car is responsible for sponsoring a variety of charitable and social organizations. They include the United Way, Salvation Army, Theatre Aquarius, Hamilton Opera, and many other local charities. Every year there is a Christmas party for past and current employees of National Steel Car. The employees take part in major food drives for food banks which are organized by the company.


Gregory J. Aziz and his wife, Irene, are sponsors of Royal Agricultural Winter Fair. It is known as the most prominent Canadian agricultural fair. For more than two decades Greg Aziz has strived to transform National Steel Car into a company known for producing the most innovative, highest quality railroad freight car in North America. The company’s and Aziz’s success is a direct result of his attention to detail, understanding of business administration, and his vision. He is currently one of Ontario’s most successful business executives as a result of his commitment to the community, his company, and his staff. Check Out This Article.