Louis Chenevert is a successful Canadian businessman. He went to HEC Montréal were obtained his degree. In nineteen ninety-nine, Louis Chenevert was elected Pratt and Whitney’s president, previously working for General Motors for fourteen years. In two thousand and six, Louis Chenevert, again was elected CEO of United Technologies Corporation. Louis Chenevert has also had been an adviser to Goldman Sachs in the industrial and aerospace sectors. Louis Chenevert has truly had a successful and diverse career and has put his skills and knowledge to good use for those companies. (See: frenchtribune.com/teneur/25552-innovative-deals-and-inspired-leadership-characterize-louis-chenevert)
When most people thing of America’s industrial sector, they often think of the aging rusted rail line. They think the industrial sector has gone the way of the locomotive. There are some manufacturers that are still around despite Washington, D.C. regulations, and the indifference of pop culture. One of them is United Technologies Corporation, based in Hartford, Connecticut. This massive of a conglomerate is valued at sixty-three billion dollars. Impressive for a rust bucket of a sector, right? Visit This Page to learn more.
The main markets for United Technologies Corporation are in the aerospace and building supplies. The company makes everything from helicopters and jet engines to air conditioners and elevators. Despite the high taxes in Connecticut, Louis Chenevert was able to contribute greatly to the economy. In part, was able to continue the company’s seventy years of paying dividends. The company has also out performed many companies listed on the stock exchange. Find out more about him on yachtingmagazine.
Louis Chenevert’s time at United Technologies Corporation was no always easy. The company had to withstand the worst economic crisis in many years, the two thousand and eight great recession. Through the tenure of Louis Chenevert he saw the stock price rise from the low of thirty-seven dollars to one hundred seventeen. This was done by his hard work of spearheading a companywide reorganization. He was able to streamline services, for example combining elevator, escalator, and air conditioning product and services to provide a comprehensive service to builders. In addition, he did what other companies weren’t. He didn’t outsource work. In fact, he actually brought many engineering jobs back to America.
Louis Chenevert has always been a progressive leader. He understands how to plan for the long and short term in order to keep his team focused on every aspect of the mission. Louis became the CEO of United Technologies Corporation and immediately began to make an impact on how business was done, as well as the culture of the organization. He wanted his creators to understand that they had a voice in how business was conducted. This gave them the confidence to express themselves in a manner that would take the company in different directions. UTC became a front runner in its industry while under Louis Chenevert’s leadership. The company prides itself on making a positive influence within the US economy by introducing new jobs to American citizens.
Technology is an industry where creative minds need to have their freedom. The market is always changing. There are new items and tools introduced to the market on a regular basis. These inventions keep consumers on their toes and demanding more. Louis made sure United Technologies Corporation remained on the cutting edge of the movement by planning to hire 25,000 people within a three-year time frame in the United States alone. Chenevert was making a point that UTC was committed to the creativity that it speaks of.
The main organization will always have a major influence on its affiliate brands. Suppliers must be thoroughly taken care of in order to provide a satisfactory product. UTC made the investment in its suppliers by allocating over 40 million dollars over 3 years in order to show dedication to its subsidiary companies. Check him out on Crunchbase.
Technology comes from the creative minds that produce the material. People will always be the most important aspect of business. Louis committed to investing in his team by creating a program that allowed each person to obtain a college degree. The company pays for the tuition no matter what specialty is chosen. Read This Article for more information.
Louis Chenevert received his education from HEC Montreal. HEC is an affiliate of the University of Montreal. Chenevert completed his bachelor’s degree and went on to have a successful business career. He spent 14 years at General Motors before joining Pratt & Whitney. After Pratt & Whitney Louis became the CEO of United Technologies Corporation. He resigned form UTC in 2014.
View Source: https://www.forbes.com/lists/2012/12/ceo-compensation-12_Louis-R-Chenevert_FTA5.html