Tag Archives: UTC

Louis Chenevert Displays Unmatched Talent

Throughout the course of his career, Louis Chenevert has always been considered a team-first guy, even stating that “you are only as good as the sum of your team.” This statement reflects a mantra that has followed Louis Chenevert in every position that he has held – starting with his growth as an employee of General Motors, to 2006, when he joined United Technologies Corporation as the Chairman. Although today, Louis Chenevert is recognized as a titan of the aerospace industry, his rise to the top as the Chief Executive Officer of United Technologies Corporation came with years of hard work and dedication. Born in 1958 in Quebec, Montreal, Louis Chenevert displayed an early interest in business, as well as entrepreneurship, and by the time he’d decided to attend college at the University of Montreal, he had his mind set on utilizing his unique skill set to improve efficiency in each facet of the business world that he entered. After graduating from HEC Montreal School of Business, Louis Chenevert began working for General Motors – a career decision that would last for fourteen years, and pay tremendous dividends.

At the behest of a friend, Louis Chenevert decided to join the aerospace industry, securing a position with Pratt & Whitney Canada – a subsidiary of Pratt & Whitney, which is, in itself, a branch of United Technologies Corporation. After rising through the ranks, Louis Chenevert came across a developmental project for a new plane engine, which he would eventually take with him upon joining United Technologies Corporation, and develop into the groundbreaking, geared turbofan engine. The geared turbofan engine, which took over $10 billion to develop, would eventually become a staple in the aerospace industry, as today it is used in over 70 aircraft, by 14 different airlines. Louis Chenevert’s ability as a leader, as well as his adroitness at identifying problems with manufacturing quickly, in effect, improving production exponentially, are what has consistently separated him from his contemporaries. Today, United Technologies Corporation is one of the most renowned multinational entities in existence, and Pratt & Whitney has once again become a major factor throughout the aerospace industry.

http://www.utc.com/News/News-Center/Pages/Louis-Chenevert-becomes-the-eighth-Chairman-of-United-Technologies.aspx

How Louis Chenevert Managed to Transform UTC to a Premium Venture

Louis Chenevert is the former CEO of UTC. His reign in the industry led to his legacy and great reputation. He is associated with more than 50 successful businesses. Louis Chenevert transformed UTC into a successful conglomerate by making it the most profitable corporation in the USA. This was through his intelligence and creative thinking.

Chenevert’s Acquisitions

Louis Chenevert is considered the king of acquisitions. Through his significant purchases, he was able to improve the production of UTC. Louis made history by striking the most significant aerospace deal in the USA. He bought the Goodrich Company at $16 billion. There were many negotiations involved, but he finally got the deal.

Another of Chenevert’s acquisitions that is known to have made a difference is the GTF engine deal. It is important to note that Louis was an employee of the Pratt & Whitney firm before joining UTC. In fact, he served as their President.

During his time in Pratt & Whitney, he realized that the GTF engine had a lot of power. When he joined UTC, he led to the purchase of the engine. It cost the company another $10 billion and two decades of adjusting and designing the engine.

The acquisitions of Louis Chenevert have been very productive in the company.

Louis Believe in Investing in the Future

Louis Chenevert believed in investing in the high future technology. He believed that by so doing, he was helping save the country from future financial crisis.

By investing in future technology, he was not only referring to the resources but human labor as well. This is why when many companies were busy conducting layoffs to remain in business during the recession period, he chose to move his labor force to a center position where they would empower each other and come up with master plans.

Louis Chenevert believes that you can only perform as well as your team can perform. It is, therefore, essential that employers invest in their teams. The current UTC CEO holds the same belief and has maintained the system that enables the UTC employees to acquire degrees of their choice for free. He says it has improved the productivity of the organization.

https://frenchtribune.com/teneur/25552-innovative-deals-and-inspired-leadership-characterize-louis-chenevert