How Louis Chenevert Guided UTC to Unmatched Success

Louis Chenevert is no doubt one of the most influential businessmen in the globe. The French-Canadian businessman attended HEC Montreal where he attained a Bachelor’s degree in Production Management. His brilliance, principles, and passion for technology were crucial in propelling him to the top. Other companies and leaders use Chenevert’s beliefs, ideas and decision-making skills to grow their businesses. He began his extraordinary career by working at General Motors for over a decade, even becoming the General Manager, Production. He then joined Pratt & Whitney where his exemplary performance influenced his appointment as president of the firm. Chenevert was later elected UTC’s president and CEO. He has managed to steer UTC to success with excellent innovations in the aerospace technology industry.

It is worth noting that Chenevert became CEO at a time when companies were struggling because of the great recession but still realized the objectives of the company. He managed to complete the acquisition of Goodrich at $18.4 billion, in one of the major aerospace deals in history. He stepped in to supply the US Air Force with an alternate engine through Pratt & Whitney. Under his watch, the price of the company’s shares shot up by 200% earning UTC high returns. The way he managed employees at UTC showed that he cared for the stability and success of the company. Employees were moved to areas where their skills and knowledge were needed most, thereby ensuring no employee lost his/her job and he met the company’s production goals. Chenevert’s commitment to the development of all UTC employees is also evident as the company sponsors tens of thousands of these employees who are interested in furthering their studies. The mutual relationship between the leadership of UTC and its employees ensured the firm’s departments performed exceptionally well during this period and Chenevert invested more into modern technology. He believed that a company would only succeed if it spent money on the right technology.

Chenevert exited from the helm of leadership at UTC in the December of 2014. Though a new leader has taken charge, he still adheres to the standards that Louis Chenevert set at UTC. After resigning from UTC, Chenevert took up a role as an Exclusive Advisor to Goldman Sachs’ Merchant Banking Division.