Louis Chenevert is among the world’s most successful investors. Many business persons are implementing his business mechanisms in their companies and have proved them very effective. Among the factors that attribute to his success is being a visionary and his ability to make useful acquisitions. More than 50 successful enterprises are associated with Louis Chenevert.
Louis Chenevert is always enthusiastic in everything he does. He began his business journey as a student of HEC Montreal where he studied Production Management. When in school, his lecturers were very impressed with his passion for studying, and they even began looking for opportunities for him from their acquaintances. (More Louis Chenevert’s Business Successes Past, Present and Future)
It is worthwhile noting that Louis Chenevert has got a promotion in every firm he has worked for in his career. In General Motors, where he worked for 14 years immediately after school he was promoted to the Production General Manager. Later, he was employed by Pratt & Whitney where six years later he became the President of the firm.
In 2006, United Technologies Corporation (UTC) offered him the CEO position. It is the legacy that Louis Chenevert left in this firm that marks him a legendary. His presence in the firm led it to be the most successful venture in the United States.
Louis Chenevert understands that the future success of the firm is dependent on present decisions. This is why he led UTC to invest in future technology. At the time when he was hired as the CEO of United Technologies Corporation, many companies were conducting layoffs being a recession period. Other companies moved their manufacturing centers to countries where they could acquire cheap labor.
Louis Chenevert knew his success would only be possible with the help of his employees. He, therefore, moved them to other sectors of the firm where their skills would be more valuable. Find Additional Information Here.
The acquisitions that Louis made led to the prominence of UTC. Chenevert made history by making the most expensive aerospace purchase in the USA by buying the Goodrich at $16 billion.
He also purchased his former boss Pratt & Whitney which cost the firm $10 billion and 20 years to design. At long last, these investments have been very fulfilling.