Black Eyed Saint

Read About Just About Anything

Louis Chenevert’s Career, Life, and Development at UTC November 14, 2017

Louis Chenevert is a professional with an experience of 14 years in production management. A degree in production management from the Universite de Montreal has enabled him to climb to the top in the corporate world. He is also a recipient of an award from the National Building Museum for his contribution to the U.S building heritage. In 2011, the Aviation Week & Space Technology magazine named him as the person of the year.

Career

Louis worked with General Motors for nearly two decades. He would then join Pratt & Whitney, a business unit of United Technologies Corporation. Six years later, Louis Chenevert became the president of the entire Pratt & Whitney division. He utilized this position to steer him up to the top. Seven years later, Louis was elected as the CEO and president of UTC. The company is valued at an amount close to $100 billion. Soon after his election, Louis set to acquire Goodrich. After a year of negotiations with Goodrich management, the executives came to an agreement valued at $18.4 billion.

Advancing UTC

While many managers and institutional leaders tend to invest in technology rather than people, Louis Chenevert invested in both technology and the people. Often, he would say that investing in technology drives a company far while investing in the right people takes the institution further. As a result, the company has an Employee Scholar Program. The program covers the cost for the company’s employees who have interests in furthering their education. To date, over 40,000 employees have benefited from the program.

Chenevert’s leadership transformed the company into a profit-generating institution. His ability to pick projects and motivate the workforce stands among the best of his leadership qualities. Additionally, he allocated a sizeable amount to acquiring equipment advanced in the technology sector. Technology provided Louis and the company with a competitive edge in the market. Another Louis accomplishment during his time at UTC came from the Airforce. UTC won the lobby to manufacture the F-35 engine for the U.S government. UTC has several units. The Sikorsky unit specializes in the manufacture of helicopters. The organization has investments in heating, air conditioning, and refrigeration industry.

Categories: Business CEO