Louis Chenevert is a successful Canadian businessman and former CEO of United Technologies Corporation (UTC) an American company that researches, develops, manufactures and distributes high end technology products. Before his career in UTC, Chenevert has worked in several capacities in several corporations. He spent fourteen years working at General Motors, an American automobile manufacturing company where he rose to the status of Production General Manager. He also worked for Pratt & Whitney Canada where he was elected president of the company after working for six years. After diligently working at UTC, he was elected as Chairman and CEO of the company in March 2006. He was CEO until he stepped down in 2014.
While he served as the CEO of UTC, he laid down an unbeatable legacy of high standards. Louis Chenevert made several accomplishments that would be difficult for any other future CEO to match. Among his accomplishments are the acquisition of Goodrich, an American Aerospace manufacturing company. As at when UTC acquired Goodrich, the company was valued at $18.4 billion. Following the completion of the transaction, UTC had global sales of approximately $66 billion as at 2011. This greatly strengthened the position of UTC in the aerospace and defense industry. Read more about Louis Chenevert at Crunchbase.
Aside the acquisition of Goodrich, during Chenevert’s tenure as Chairman and CEO of UTC, the company also made significant gains in the capital market despite a recession. This feat propelled Chenevert into global popularity as the CEO to beat. Aside from these accomplishments, his pet project in partnership with Airbus was also a huge accomplishment. Chenevert anticipated the development of advanced systems which would allow engines function more efficiently. The concept of decoupling fans in engines which was a brainchild of Chenevert has played a remarkable role in the development of newer and larger engine designs which has increased the performance of manufacturing companies and also boosted the American economy.
Moreover, as the Chairman and CEO of UTC, Chenevert saddled himself with the responsibility of guiding the company on a part of eco-friendliness. He understood that making eco-friendly designs of products was fundamental to promoting the products of the company as eco-friendliness was gradually becoming a norm in the manufacturing world. Chenevert embarked on a campaign that ensured that UTC’s products reduced their environmental footprint, emission of greenhouse gases by 26% as well as reduction of energy use. Under the administration of Chenevert, UTC established this global standard for all its facilities. Read more at yatchingmagazine.com.
Based on the legacy of Louis Chenevert, today UTC assembles the world’s most advanced jet engines for military and commercial uses. Moreover, the company is a leader in the heating and air conditioning industry. Furthermore, the company manufactures more helicopters than any other company in America. The company is also one of the leading aerospace equipment manufacturing conglomerates in the world. The legacy of Louis Chenevert is that innovation investments would help develop the businesses of manufacturers. Chenevert understands the importance of innovation to business growth and development and established a legacy of investing in the education and continuous training of employees. Up till today, UTC has an employee scholar program that encourages employees to pursue lifelong learning as the only way to develop the capacity to improve their contribution to the company.