Louis Chenevert’s Great Achievements at the UTC

Louis Chenevert is the former retired president and CEO of the United Technologies Corporation (UTC). He joined the company in 2008 after he was selected to head the organization where he served until his retirement in 2014. Chenevert would was later elected as the chairman in 2010 due to his outstanding performance in executing his duties as the head of the company. Before being chosen as the CEO, Louis Chenevert who is a Canadian national was serving as the president of Pratt & Whitney Company, a subsidiary of UTC. What’s more, Chenevert’s record of success in the Pratt & Whitney is what led to his selection as the leader UTC.

Furthermore, Louis Chenevert is a graduate of the HEC Montreal, an affiliate of the University of Montreal Business School. He graduated in 1979 with a degree in Business Administration in Production Management and also gained an honorary doctorate from the same university in 2011. After finishing his schooling, Louis Chenevert first worked at the General Motors where he joined in 1993 and served for 14 years. Moreover, after his retirement at UTC, Chenevert worked at the Goldman Sachs Merchant Banking Division where he held the position of a senior industry advisor.

Louis Chenevert’s Leadership in UTC

Louis Chenevert’s tenure at United Technologies Corporation was marked by the innovations and product developments. The new inventions and redefining of products saw the improvement of the aeronautical industry that was even adopted by other parties in the sector. This, in turn, helped a significant reduction of cost in some major aspects of the production and fuel usage budgets. An instance is the development of the GTF engine which cut the fuel cost by 20% and had its parts reduced by 30% while the noise it projected was decreased by 50%.

As the head of UTC, Chenevert’s focus was to ensure that the company would deliver beyond its client’s expectations. He did this by empowering his operational talent team and engineers in the direction of inventing transformative products in the industry. Additionally, Louis Chenevert excitement stemmed from how fast the technology transformed the UTC Company with inventions benefiting the future manufacture of aeronautical products.

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