Louis Chenevert’s Legacy At UTC

Mr. Louis Chenevert is the former chairman of United Technologies Corporation (UTC). He is a Canadian Businessman and has been in the limelight for making UTC a successful company. The company has its headquarters in Connecticut. It deals with manufacturing aircraft engines, security systems, and HVACs. It is also a military contractor where it gets 10% of revenue from the US Government.

Louis Chenevert graduated with a Bachelor’s Degree in Production Management from HEC which is affiliated with the University of Montreal. He then got employed at General Motors for over ten years. He later proceeded to Pratt & Whitney Canada for six years. During this term, he rose up in rank and became the president.

He later on joined UTC and he became the president. Chenevert’s tenure at UTC brought so many successes and helped the company grow. One of the most significant deals of all time was the acquisition of Goodrich Company. Chenevert’s principle upon entry to UTC was getting strategies that were focused on the company’s growth.

Chenevert has always been an advocate for employee welfare. He understands that the employees profoundly determine the company’s progress. Therefore, while at UTC, he encouraged the workers to utilize the Employee Scholar Program which sponsors employees who have interest in furthering their education. One of the achievements of the program is that over 40,000 employees have acquired degrees.https://www.yachtingmagazine.com/louis-chenevert-horizon-yachts-P105-design

Louis has had an eye for identifying projects that are viable. He focused on identifying ways of also motivating employees. Notably, Chenevert invested massively in equipment that would help the company leap ahead. More importantly, he was keen on acquiring the latest advanced technology. Chenevert understood that every move made would have a direct impact on the company.

An actual definition of the success of UTC is that the Sikorsky Unit is involved in the production of helicopters. The unit is the largest production unit across the U.S. UTC also operates the biggest elevator company, Otis. Chenevert has contributed significantly towards UTC, and he left a legacy there that lingers on. After his resignation at UTC in 2014, he was appointed by Goldman Sachs as an Exclusive advisor.