It wasn’t too long ago that the Texas coast was pummeled with heavy rains and destructive winds cause by one of the largest storms in recorded history, Hurricane Harvey. While many individuals and business owners were forced to evacuate and see their livelihoods be destroyed from a distance, one company, in particular, was getting ready to bring aid to anyone that needed it. Stream Energy is a service provider of fixed rate energy plans, through their charitable foundation “Stream Cares”, the company was able to allocate funds and volunteers to aid in the recovery efforts as well as to provide assistance to other organizations such as the Red Cross of America and Habitat for Humanity.
Stream Energy’s company culture has always focused on their philanthropic efforts and because of this, Stream Energy is one of the most respected and revered companies within their community. The company received extra attention during this hurricane in particular as they were seen by the media and other companies as the prime textbook example of how a company can leverage charity and philanthropy to boost their brand name value while still helping out the community. The Stream Cares Foundation is a relatively new concept for a large corporation, in fact, Stream Energy has made this foundation a separate branch solely focused on finding projects to be involved with. Creating this foundation has also come with its benefits, these include ensuring customer loyalty and essentially creating a buffer zone when things don’t go exactly the way the company wants it to go.
Much of their success with their philanthropy projects is due largely in part because of their associates and the Stream Energy business model. Through direct selling, Stream associates are able to create bonds and with the support of the company are also put in a better position to choose a charitable organization to volunteer their time to. One passion projects popular with Dallas-based Stream associates comes in the form of helping the homeless children of the city. These associates create events for the children, collect food, clothing and any other essentials needed for their lives.
Louis Chenevert as the CEO UTC
Louis Chenevert was born and raised in Quebec, Canada. He successfully went through his education and earned his undergraduate degree in production management in HEC Montreal. On his graduation, Louis Chenevert spent 14 years of his early career days as a worker at St. Therese Production General Motors. Later Louis joined Pratt and Whitney business unit, which is part of the larger United Technologies Corporation (UTC). His journey as the UTC president is indeed remarkable. He worked at the Pratt & Whitney unit for six years, and his outstanding contributions saw him elected as the president of the division in 1999. Seven years later, due to exceptional service as the CEO of the Pratt & Whitney division, Louis was elected as the president and CEO of the entire United Technologies Corporation (UTC).
Stewardship for the United UTC involves committing to investing mostly in the advanced technologies and people. Once he was elected to lead the corporation, Louis made his commitment to using his knowledge and seasoned experience to drive the company’s agenda. He vowed to elevate the company to a higher level. Such initiative should be the driving force of any person who assumes leadership of any organization. Louis often emphasized on the need of investing in the right technology and the right people. The combination of the two would take the company far.
To live by his principle, as the CEO of the UTC, Louis made much commitment in investing to people through his support to Employee Scholar Program. The program covers the employees who are interested in pursuing various educational courses. The program has seen a significant number of employees in UTC attain degrees in different fields. Louis Chenevert appreciated that the cost of investing in the program was worthy cost. His forward thinking as the CEO of the company has been of influence in furthering the organization’s vision. He is also an inspiration to many including his successor Gregory Hayes. He helped the company become a global investor with many investments across the world. Indeed, it is impossible to discuss any legacy of UTC without mentioning Louis Chenevert.