Louis Chenevert’s Contribution to United Technologies Corporation

Louis Chenevert is a successful Canadian born businessman. He was born in 1958 in Montreal. He is an alumnus of HEC Montreal where he acquired BA in Production Management in 1979. He is the former C.E.O and chairman of United Technologies Corporation positions he acquired in 2008 and 2010 respectively. Before he became the C.E.O, he was the president and C.O.O of the same company since 2006.

Before joining united technology Corporation, Louis Chenevert had worked in various companies such as Pratt & Whitney and at General Motors where he served as Production General Manager for 14 years among other companies. He is currently chairman of the advisory board of HEC Montreal’s and the board member for the Friends of HEC.

According to Louis Chenevert, the idea for United Technologies came from having the passion for delivering high-quality products that suits the changing needs of the customers. He claims that teamwork and exceptional readership is what brought success to UTC. Good leadership is all it takes to achieve company’s objectives. A leader who pushes who agendas, optimistic and who provides all the operational requirements for the company received a rewarding final product.

Louis Chenevert believes that surrounding himself with the right people is what has helped him grow. Critical thinking and confronting challenges has also accelerated his success. According to him, encouraging teamwork and rewarding the hard-working employees are some of the things that bring success to any company.

Louis Chenevert strategy for making the employees work in a centralized place where they could share ideas and work towards achieving the company’s objective is what made UTC survive the hard economic times when other companies were outsourcing cheap labor that would produce low-quality products.

One of the significant contributions of Louis Chenevert was the acquisition of Goodrich Corporation. This move was meant to increase the market share of UTC and to diversify their products which would fully fulfill the customer’s needs. He also facilitated the development of GTF which is efficient, environmentally friendly and relatively cheap making UTC be among the best jet engine assembling companies in the world.

http://releasefact.com/2018/05/louis-chenevert-inspiring-story/

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