Louis Chenevert’s appointment to CEO of UTC brought about numerous changes to the company. The jet engine assembling company experienced great achievements under his leadership
. United Technology Corporation is a research company and a manufacturer of high technology products. The company is also is involved with various industry services such as the refrigeration, air conditioning, and flight control among others. At some point, the company needed an active personnel with vast skills in the above mentioned fields. Mr. Chenevert
was renowned for his great leadership principals and strategies. He was, therefore, seen as the best leader to take over the company.
With these skills, Chenevert was primarily focused on investing both in the future and in technology. He contributed widely, especially in UTC’s shares sector. In this case, Mr. Chenevert enabled a massive uplift of the company’s share price to 200 %. This immediately made UTC the most profitable company in the United States. Besides that, the company managed to make the biggest acquisition in history. This was when UTC bought Goodrich, which costed the company almost $17 billion. As a result, UTC came to be the most fledged company with immense ability to produces its own products. By understanding the need for investing massively, Louis Chenevert had to set strict foundations that would enable quick elevation of the enterprise. As its president, he was innovative, not only in technology but also in matters concerning the company’s productivity. For instance, there was a point where he had to transfer a particular group of engineers in replacement with another more productive group.
Despite his great leadership, a time came and he was to step down. This was in 2014 when he decided to leave the company. To date, Mr. Chenevert’s leadership skills are still effective at the company. He is still respected and recognized for his exceptional and unique teamwork. The company’s management had to retain his ways as a sign of gratitude to his great achievements to the company.
About Louis Chenevert
Mr. Chenevert is a native citizen of Montreal Quebec where he was also born. In 2008, he became the president and chief executive officer of the United Technologies Corporation. Mr. Chenevert attended the University of Montreal’s business school (HEC Montreal) and graduated with bachelor’s degree in production management.
Apart from UTC, Mr. Chenevert worked at general motors for fourteen years as a general manager. At some point, he also worked at a particular engine manufacturer company. This was in 1993 when he was under Pratt & Whitney, and six years later, he was promoted to the president of the company.