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A Review of Louis Chenevert’s Successful Corporate Career

November 13, 2017 No Comments

Louis Chenevert is an avid Canadian businessman and corporate executive. With an education background in production management, Louis Chenevert has successfully served in various corporate positions. Most recently, he was an exclusive advisor at Goldman Sachs.

Career Background

Louis Chenevert graduated from the Universite de Montreal with a bachelor’s degree in production management. The French-Canadian born manager began his executive career as the Production General Manager at St. Theresa General Motors Company. 14 years later, Louis joined Pratt & Whitney, the business unit of United Technologies in Canada. In 1999, he was appointed the president of Pratt & Whitney. His dedication and commitment to the management position led him to be elected the CEO of United Technologies Corporation in 2006.

At the Helm of UTC

Louis Chenevert‘s achievements as the leader of UTC have left many corporate managers amazed by his leadership skills. His calculated strategies ensured that the conglomerate invested in technology as well as the right people. His style of leadership focused on future and inspired in his team to have a vision for the company. He articulated and strategically planned for the company success. Despite the recession that engulfed the US, Louis steered UTC to be the global leader in different fields.

Louis Chenevert achieved a milestone when he successfully negotiated for the acquisition of Goodrich Company. The deal took over one year to pull off and was worth over $18 billion. Also, he saw through a deal with UTC Pratt & Whitney to manufacture the F-35 engine for the US Air Force. The deal was after the decline by General Electric and Rolls-Royce to supply it. Furthermore, Louis steered UTC Sikorsky to be the largest producer of helicopters in the US.

On the investment of people, UTC initiated an Employee Scholar program that catered for the cost of education for UTC employee who pursued further education. The program has benefited over 40,000 employees costing the company more than $1 billion. Other UTC ventures included assembly of heating, air conditioning as well as refrigeration components. Also, through Aerospace System Unit, UTC leads the industry in the production of aircraft parts. Though Louis Chenevert resigned from UTC in December 2014, he left behind a legacy and foundation that will drive the company for many years to come.

  • Published On : 3 months ago on November 13, 2017
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  • Last Updated : November 13, 2017 @ 3:24 pm
  • In The Categories Of : Business, Businessman