Louis R. Chenevert is a successful Canadian entrepreneur. He is the former Chairman and CEO of United Technologies Corporation (UTC). He was appointed, the President of Pratt & Whitney, in 1999. He was selected because of his six-year service at the company`s branch, in Canada. Chenevert enabled the firm to increase its customers, and grow financially. He was appointed, as the Chairman and CEO of United Technologies Corporation (UTC), in 2006.
Louis Chenevert’s Success at UTC
Louis enabled UTC to balance the interests of customers, shareholders and stakeholders. As a result, the company remained a top organization, during the subprime recession. UTC thrived in the face of stifling regulations, fierce competition from international manufacturers and indifferent pop culture. By 2015, UTC had become a mammoth industrial organization, worth over $63 billion.
Chenevert’s dedication to the company was fruitful. The firm remained a leading company in building space and aerospace sectors. Louis ensured that workers were paid fairly. He also facilitated the company`s compliance with public concerns and environmental regulations.
Louis Chenevert’s tenure at UTC was exceptional. The company experienced an exemplary performance, without incorporating huge technological investments, in the organization`s workforce. UTC did not also participate in the unpopular and unfruitful outsourcing policies. He relocated hundreds of aerospace professionals, from a low-cost community, into Connecticut. As a result, UTC applied multiple skills in the production of military and commercial aircraft engines.
Louis is a strong thinker, who has the necessary skills and experience to run global organizations. During his tenure, UTC directed its resources and strength to aerospace and building. The organization acquired a balanced portfolio. He enabled the company to acquire its revenue through its existing high-quality products and new designs. UTC also maintained a high profit, in its products’ life cycles.