Canadian Electrical Wholesaler

March 15 2016

Line Goyette

You will read in this profile musings from a corporate leader on managing, sharing success with your team, balancing professional life and personal life, and more. You’ll have read each of them before, but collectively they give meaning to what Yves Chabot, President and CEO of Stelpro, has accomplished. Chabot makes it all sound so effortless, but he’s a true original. He runs every day regardless of the weather — a useful model for taking on life’s challenges. 

How do you evaluate success?

By achieving your goals! There are many ways to define or evaluate success, but one of them is to first of all set out goals and you find success if we achieve them. Then we celebrate — important to celebrate with the people that were part of this success. 

What have you learned from your mistakes? And from your successes? 

We all make mistakes, I do! I do because I take decisions, a lot, every day and you can’t be right all the time. If I forget, my wife lets me know. You take decisions based on the information you have at that time and all that mixed with your background (what you have learned and tried in the past). You try to avoid making the same mistakes twice and try to duplicate good and successful decisions. Mistakes and successes are both part of the learning process. As you grow older you should get wiser if you’ve learned from both. At 47, I’m still learning!

What has been the greatest achievement in your life so far?

Family. I’ve been happily married for 24 years, celebrating my 25th wedding anniversary in 2016. Stelpro is celebrating its 35th year this year — two milestones! My son, whom I’m very proud of, just turned 18 last December. Maybe the third generation?

Personally, my first full marathon, after which I completed six more. I also ran 365 consecutive days without missing one single day — whatever the weather conditions, however I felt, and wherever I was in the world. I’ve been sharing my passion for exercising and running with a lot of people around me, and for many of them that was the spark to start exercising and for some even to run marathons. I think I’ve changed some lives... or let’s say improved them.

Business: succeeding my dad, John, who started Stelpro (Chalair Electrik at the time) from scratch in 1981 and built it for 25 years until 2006. Many businesses don’t make it to the second generation.

To me, balance is everything. Can’t be all work, all personal or all family. You have to stay balanced within this “love” triangle. And definitely family, the essence of life comes first in mind. If you’re happy at home, work will be fine and you’ll have a great, successful personal life. Exercise too; healthy people makes happy people and… more successful! Remember these rules and you will be successful in life. Another way to define success, I guess. And don’t forget to have fun, life must be fun and enjoyable, we have only one chance at kicking the can, let’s not blow it! Work hard, play hard. I can live with that.

If you could relive the last 10 years of your life, what would you do differently? 

Nothing! Life has been great, and I mean GREAT so far for me. I’m very fortunate in life. I work hard in every aspect of my life to make it great and it works! I take nothing for granted. You have to help yourself, not rely on others. You are the first ingredient of happiness and your own success!

What decisions do you find are the most difficult to make?

The ones that might touch or impact other people. You want people around you to be happy and secure. In Stelpro’s case, there are 400 families that rely on our success. 400 great individuals who make it possible. I can’t make too many bad decisions! 

What is keeping you awake at night? 

Classic answer: my wife. Sometimes. I sleep well in general. But I get overexcited about too many things — life has too much to offer! That keeps me awake sometimes.

What books and/or magazines do you read?

Business and finance magazines (Fortune, Les Affaires…). The ones that talk about businesses, successful and sometimes less. About the people who run them. I invest in the stock market so I like to read everything related to public companies. I don’t have time to read many books, but sometimes books on businesses or biographies. All that inspires me and is part of making me a better manager and president.

What qualities do you feel a successful manager should have?

Understand his role. I personally strongly believe that a team of great people with the right attitude has far more chances to succeed than any one single individual star. People are key to success, not the other way around. Bring the right people on the bus and we’ll have a great trip. Don’t have to know firsthand where you want to go, we’ll decide where we want to go together.

A manager or a leader must lead; this is his role by making sure everything is in place for the team to be successful. I strongly believe that each of my directors at Stelpro is stronger than me in his field of expertise. All these directors make a great team to achieve our goals we’ve set in place together and to be successful. 

Yes I must take decisions, call shots as they say, must have a general direction for where we want to go or do as a company, but this is done with the team. I’m a strong character, maybe too much sometimes. Does it come with my passion for the business and to succeed? But at the end of the day, I’m a team player, I believe people make the difference and I think it’s the single most important reason Stelpro has been so successful and will continue to be.

If you could change one thing about your industry, what would it be?

The electric heat industry? Some people believe electric heat is a poor way to heat your home but these same people embrace driving electric cars! As an industry, we have to change this perception… and we are working on it! I think I will name one of my next product Tesla or Volt.

What industry developments are you most looking forward to? How do you see the industry benefiting from it/them?

Internet of Things (IoT). This is a big game changer and Stelpro will be part of it. At the end of the day, we provide comfort (COMFORT 360) through electric heat, and consumers want and are entitled to have the best comfort in the most efficient way. 

Which emerging technologies do you think will have the greatest impact on our industry in a near future? 

Efficiency comes a lot with the way you control your apparatus. IoT will change that and improve comfort while making this process of heating more efficient. We are just starting to understand all the possibilities that connected products will enable, but that will be big for a lot of companies including Stelpro, all for the consumer’s benefit. We always embrace these new technologies. A few decades ago, electronic controls improved the way we use electric heat. I believe IoT will go even further. 


Line Goyette is Managing Editor of CEW

More Peers & Profiles from Line Goyette in CEW:

The Laplante Brothers — Two Heads Are Better Than One If Both Excel at Compromising

Among the Dunnigans of Techspan Industries: a Sense of Adventure from One Generation to Another

David Beron — A Resolutely Scientific Spirit in a World that May Not Be Moving Fast Enough

Running Man: Stelpro’s Yves Chabot

Cara Backman— Open to Everything, Even Life’s Surprises

Nathalie Pilon: A Woman Who Knows Her Own Mind

David Nathaniel: A Talent for Being There at the Right Time

From One Generation to the Other, New Ideas Help the Company Grow

Daniel Peloquin: Just Do It, But Fail Fast

Lina Rishmawi — A New Canadian Who Loves Challenges

Juan Macias — A Commitment to Sustainability and a Call for Innovation

Michelle Branigan

 

Latest Articles

  • Prev
Hitachi has a deal with industrial giant ABB to purchase 80% of their Power Grids division for ...
I can still remember August 5, 2014 like it was yesterday. This date marks my first day as a ...
In setting growth plans for the coming year, one should ask, “What percentage of my customers might ...
The stigma behind dealing with contractors has forever been “they are a tough group to build a ...
Perhaps the better question is, “Why does it matter what young marketers want?” The answer is that ...
The Channel Marketing Group / William Blair Q3 2018 Pulse of Lighting Report shows that the ...
Following months-long renovations, Deschenes officially opened a renovated service counter at its ...
A question I sometimes ask managers and salespeople when I speak at conferences is, “How much ...
A few weeks ago Kim Quelch, National President of Electro-Federation Canada (EFC)’s Young ...
It’s hard to believe the concept pioneered by Sonepar’s Tom Mason is celebrating its eighth ...

 

OlsonBy Katrina Olson

A recent CEW article by David Gordon caught my eye. The headline was, Are Your Sales and Marketing Teams Inhibiting Growth?

As a marketing consultant, writer, and trainer, I recognized the challenges and barriers that David was writing about. We agree on many issues (and their causes) facing electrical distributors and marketers. But I also hear from marketing people all the time that the C-Suite is hindering their efforts which, in turn, hinders the company’s growth.  

Read More

 

 

 

2018 Electrical North American MeetingOn October 29-31, 2018, the AD Electrical North American Meeting drew over 1,000 attendees. This event attracted 151 first time attendees and representatives from over 362 companies in the United States, Canada and Mexico.

Attendees benefited from a variety of agenda topics, including: Network Meetings, Emerging Leaders Session, and Country-specific Business Meetings. New to this year’s agenda was a SPA Optimization Workshop led by industry veteran Mo Barsema. In addition, members and suppliers also attended a panel discussion on managing and measuring your digital success.

Read More

 

 

Changing Scene

  • Prev
A unit of WESCO International, Inc. has entered into an agreement to acquire the Canadian and U.S. ...
IoT Breakthrough, an independent organization that recognizes the top companies, technologies and ...
A Schneider Electric Canada Inc. solution chosen by the Vancouver Fraser Port Authority is reducing ...
CBPE Capital has acquired a majority ownership position in Ideal Networks, a market leading ...
In support of the company’s five-year strategic plan and in an effort to grow sustainably and ...
  BRITECH Corp is a Canadian market provider of fully integrated heat tracing cables and ...
  Hammond Power Solutions Inc. has announced its intention to discontinue and close its ...
Murray Chamney, President, Intralec Electrical Products Ltd., has announced his retirement, ...
Mark your calendar for the Coalition event of the year! Come for an evening of networking, the ...
Recognized for her career as a business leader and innovator, passionate about people, technology ...

 

 EFC Announces 2018 Marketing Awards Winners

2018 Marketing Awards WinnersElectro-Federation Canada (EFC)’s Marketing Awards program recognizes member organizations that demonstrate marketing excellence and innovation within the Canadian electrical manufacturing and distribution industry. Winners of this year’s awards were recognized at EFC’s 8th Annual Future Forum, held earlier this month. (Shown in photo: EFC President and CEO Carole McGlogan with representatives from Bartle & Gibson, winners of the Integrated Marketing Award — distributor under $50 million.)Electro-Federation Canada (EFC)’s Marketing Awards program recognizes member organizations that demonstrate marketing excellence...

Read More

 

 

Looking Back

  • Prev
The best memory I keep from CEDA is the way that they accepted me when I came into the business. ...
In the 1930s to 1940s, CEDA’s Western Canada membership was very stable with old line independent ...
Prior to the late 1950s there was little if any involvement in CEDA by the so-called “national ...
  As 2017 marks the 150th anniversary of Confederation, we take a look back at an aspect of ...

Looking BackThe best memory I keep from CEDA is the way that they accepted me when I came into the business. The welcome they gave to me, all of them men. (In those days there were not many women in business.) This welcome I will always remember. CEDA has played a very important role in my success.

One year our conference was in Hamilton, Ontario. Mr. Caouillette, our speaker, got lost and instead of going to Hamilton went to Toronto. I think that that was the longest cocktail hour that CEDA ever had… waiting for him to arrive. Certainly that night the head table and everyone were in good spirits.

Read More

 

 


Looking BackLooking BackIn the 1930s to 1940s, CEDA’s Western Canada membership was very stable with old line independent companies like Horsman, Ashdowns, Brettell, Marshall Wells, Electrical Supplies Ltd., etc.

Small electrical distributors just were not acceptable for membership as they did not carry the main-line manufacturers’ goods, publish a wiring device catalogue, or employ four to five salesmen as CEDA requested.

Read More

 

 

 

Copper $US Dollar price per pound

Kerrwil Publications

538 Elizabeth Street, Midland,Ontario, Canada L4R2A3 +1 705 527 7666
©2019 All rights reserved

Use of this Site constitutes acceptance of our Privacy Policy (effective 1.1.2016)
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Kerrwil