Canadian Businessman Louis Chenevert is the former CEO of United Technologies Corporation (UTC), a conglomerate business with multi-billion businesses under its umbrella. The story of Louis Chenevert is inspiring to many young people who would be looking to make it in business. He came from a humble background and worked his way up until he became a top corporate executive. He holds a degree in production management from Montreal University. As a production socialist, his role is to ensure that businesses met the production needs. The production department plays a crucial role in any business since it is the one which determines how the rest will perform. If it is running well, then the company will run smoothly. His work is to oversee the efficient production of high-quality products at the right prices and capacity.
Louis Chenevert started his career in the auto industry. General Motors employed him as a production line manager. It is here that he developed skills in managing high capacity production line. The company was producing a vehicle in every one-minute meaning that it required a high level of efficiency not to err. Everything must be running smoothly such that no mistake occurs. He worked at GM for 14 years.
After working in the auto industry, he decided to switch to the aerospace industry. He joined Pratt & Whitney Canada which was manufacturing small jet engines. After serving for some time, production went up significantly while at the same time the cost of production reduced by 20%. He caught the attention of the executives at Pratt & Whitney USA. They saw the work he had done at the Canadian subsidiary and decided to bring him to the USA where he would be in charge of production of large jet engines.
Louis Chenevert repeated his good performance at Pratt & Whitney. He impressed the management of UTC since his business was the only one making huge profits. It assisted in offsetting the losses which some of the businesses under the conglomerate were making. After an impressive run at Pratt & Whitney where he initiated the development of the geared turbofan engine, he was appointed the CEO of UTC in 2008.
The small Commonwealth of Puerto Rico is undergoing some dramatic transformations. This small U.S. territory is struggling to maintain its economy and its healthcare system. Hurricane Maria devastated the already worn-down economy of Puerto Rico. Before the hurricane hit, the nation was already suffering economically. After the hurricane took place, Puerto Rico is struggling to maintain itself as an independent territory.
The healthcare system inside of Puerto Rico is dismal. Hurricane Maria destroyed much of the infrastructure on the island including hospitals and medical centers. Many of these healthcare structures were never reopened. More than half of the people who worked within these facilities never came back to their jobs. The island’s healthcare system has been eroded and millions of Puerto Rican people are suffering as a result.
Innovacare is a healthcare provider in Puerto Rico. This company provides medical coverage in the form of Medicaid and Medicare and they also provide healthcare services to people in need. Innovacare was founded by Rick Shinto and is operated by his CAO Penelope Kokkinides. Mrs. Kokkinides is a highly competent healthcare expert who understands how to set up and implement healthcare systems for nations.
She has worked in this field for well over 20 years. She also has a vast amount of experience with establishing healthcare infrastructure and plans that will provide adequate care to people who need it the most. In April of 2018, an all-female panel of 8 people met with President Trump to discuss the current healthcare crisis. Kokkinides told the president that the only real way to get Puerto Rico’s healthcare system back in order is by reversing the cuts that was made to the system back in 2011.
Without more government funding the healthcare situation in Puerto Rico doesn’t stand a real chance at recovery. The bottom line is that the economy is too weak to sustain itself. The government is not effective at collecting taxes, businesses cannot hire many workers and most workers are not making a livable wage. All of these factors work against the Puerto Rico economy and its healthcare system suffers during the process. Kokkinides is glad that she is able to do her part with improving the healthcare system inside of Puerto Rico and that the territory’s future looks hopeful.