Category Archives: Aerospace Technology

UTC Success With Louis Chenevert

Louis Chenevert has done major good for United Technologies Corporation and is considered by some as a hero in the field. His smart business moves have ensured the long-term success of the company by investing in the very people working for him. It was also Chenevert’s knowledge for innovation that put him on the map. His legacy at United Technologies Corporations still lives on to this day and has inspired generations.

 

What many people do not know is that Louis Chenevert used to be the president of Pratt & Whitney all the way back in 1999. It dawned on Louis that there would be a bright future for the geared turbofan engine and he began plans on how to incorporate these ideas at UTC. When he came in board as chief executive officer at United Technologies Corporation in 2006, immediately made a positive impact. His vision of investing in the GTE brought in over $10 million and they spent two decades working on the jet engine. The jet engine was an amazing invention as it reduced the consumption of fuel. (See Louis Chenevert’s Business Successes Past, Present and Future)

 

Louis has an amazing educational background with a bachelor’s degree from HEC located in Quebec. His major was in product management and has certainly paid off of his professional career is any indication. Louis Chenevert has received many accolades for his work which includes an Honor Award in 2009. He also received an honorary doctorate from his former school. In addition to this award, he was named “Person of the Year” by a well-known aviation magazine. Go To This Page for more information.

 

The Employee Scholar Program has made such a major impact at United Technologies Corporation. This program allows employees to pursue a degree in the field of their choice with UTC footing the bill. In the past 20 years, close to 40,000 employees have gained degrees with the program.

 

Louis Chenevert has made major strides in his field and is someone to look to for inspiration and mentoring. All those who are interesting in learning more about the man behind United Technologies Corporation should take a look at his riveting profile.

 

Related: https://www.bloomberg.com/news/articles/2015-09-08/goldman-sachs-hires-former-united-technologies-ceo-chenevert

The History of Louis Chenevert Before and After UTC

Louis Chenevert is among the most celebrated individuals in the investment career. His power to secure the future of UTC and propel the development of the company during a recession period marks him a legendary. Louis Chenevert joined the firm in 2006 as the CEO, and since then up to date, the company is listed among the most profitable conglomerates in the USA.

 

 

A Background History of Louis Chenevert

 

Louis Chenevert schooled in HEC Montreal, where he successfully acquired his degree in Production Management. He landed his first job at General Motors, where he worked for 14 years. Before leaving the firm, he worked as the General Production Manager. (View: Louis Chenevert Becomes The Eighth Chairman Of United Technologies)

 

In 1993, Pratt & Whitney hired him as an average employee. Six years later, this changed, and he was promoted to the President of the firm following his significant contribution to the industry.

 

The United Technologies Corporation (UTC) noticed the changes that came along with Louis Chenevert as the president of Pratt & Whitney and offered him the CEO seat.

 

In 2014, Louis Chenevert resigned as the CEO of UTC. However, the astute decisions that he made for the firm are still driving the firm to higher levels. Few years to come, the firm is speculated to have the ability to employ 25000 more employees. The current CEO of UTC finds it wise to apply some of his mechanisms to ensure the image of the company is upheld.

 

Currently, Louis Chenevert is living a semi-retired life which has given him a chance to explore his options. He works part-time as an exclusive advisor to Goldman Sachs Company.

 

Louis Chenevert says that for a company to be a success, it is essential to focus on getting the right team for the firm. After getting the right team, appreciate and inspire them. Louis Chenevert is also keen on the internal politics in a company. He further explains that internal negative forces destroy the stability of a firm. This is why acknowledging this force and eliminating them is key to success. He also believes in surrounding himself with winners because one is only as good as the sum of his team. Refer to This Article for more information.

 

Related: https://www.forbes.com/lists/2012/12/ceo-compensation-12_Louis-R-Chenevert_FTA5.html