CEO

Louis Chenevert: Remembering the Past at United Technologies Corporation

It’s important to ask elders about what they used to do. Learning from the older generation can be a great benefit to younger professionals. That doesn’t mean every single elderly person is wise and knows what they’re talking about. It just means some of them have invaluable information that students can’t learn from a book.

One of those older professionals is Louis Chenevert, former Chairman, CEO, and President of United Technologies Corporation. United Technologies Corporation is a technology company that wanted to develop groundbreaking products before a 30-year cycle ended. Based on Chenevert’s testimony, that’s exactly what they accomplished.

Even though he retired from United Technologies Corporation in 2014, everyone still talks to him about his time there. Before joining United Technologies Corporation, he worked at Pratt & Whitney and General Motors, which he didn’t like at first.

His first job was at General Motors, and he learned how to put up with a lot of negativity when he first started working there. As time passed, he worked his way up the corporate ladder and earned the Production General Manager position before moving on to Pratt in 1993. He began President of Pratt & Whitney in 1999 but left in 2006.

After that, he started working at United Technologies Corporation and quickly rose up their corporate ladder. Within the next two years, he was named President and CEO of United Technologies Corporation. Two years after that, he was named Chairman of the company.

One of the most requested answers he gives to interviewers is about how the company used to bring their products to life. When he worked for United Technologies Corporation, they had a bunch of small teams being lead by one leadership team. That system produced some of their most recognizable products.

The second question it always gets involves his habits. He’s an entrepreneur, so he has all the same habits and natural gifts that all entrepreneurs have; mostly, he’s passionate and results-oriented.

http://releasefact.com/2017/09/louis-chenevert-a-pioneer-in-the-aerospace-industry/

Eric Lefkofsky’s Cancer Research Technology Firm, Tempus, Receives $80 Million in Funding

Eric Lefkofsky’s technology company, called Tempus, recently received $80 million in funding from a group of key investors. With this new investment, the Chicago-based company is now worth $1.1 billion. This new net worth gives the company a “unicorn” status, which is something that can be difficult to achieve for startups like it.

The company specializes in collecting data to research cancer treatment trends, and they currently employ over 400 people, but Lefkofsky says that number is growing very quickly. About 30 new people hired each month, and that trend is expected to continue.

According to Lefkofsky, the company has built relationships with powerful organizations and individuals in the healthcare field. These include doctors and companies that are looking for ways to collect and utilize data to treat cancer patients in the most effective way. Lefkofsky says that the traction they’ve been able to gain in this field has been amazing and has lead to their success. Those contributing to the $80 million funding include New Enterprise Associates and Revolution Growth, among others.

Lefkofsky helped establish the company after his success co-founding Groupon and several other successful business ventures. He now serves as CEO of Tempus. After achieving business success, Lefkofsky established a charitable foundation in 2006, which provides initiatives to enhance communities. He also serves on the board of trustees for several organizations, including Lurie Children’s Hospital of Chicago, The Art Institute of Chicago, The Museum of Science and Industry, World Business Chicago, and Steppenwolf Theatre Company, where he serves as chairman of the board.

Adding to his list of impressive accolades, Lefkofsky also serves as an adjunct instructor at University of Chicago. He’s even written a book called Accelerated Disruption. He is a graduate of the University of Michigan, and he received a Juris Doctor from the University of Michigan’s school of law.