Louis Chenevert’s Business Successes

D3
September 12, 2017

Louis R. Chenevert is one of the most successful CEOs in the world. Apart from being the former CEO and president of United Technologies corporation he also was Vice-Chairman of the Executive Committee of The Business Council from 2011 to 2012, president of UTC’s subsidiary Pratt & Whitney in Canada as well as working for Goldman Sachs as an Exclusive Advisor in the Merchant Banking Division. He has one of the most impressive resume and achievements for a man who studied product management in the university in Montreal Canada.

He has been awarded numerous times for his achievements in the manufacturing industry most notably, he was named Person of the Year 2011 by Aviation Week & Space Technology magazine, he received an Honor Award from the National Building Museum as well as being awarded an honorary doctorate by his former school HEC Montréal.
His achievements have stemmed from his career successes which can be traced back to GM where he started working shortly after completing his undergraduate.He began his career as an assistant before moving up the ladder to become production general manager. In 1993 when he left after 14 years he moved to Pratt & Whitney Canada as a product manager here he was responsible for overseeing production. He worked in this position for six years and was then promoted in 1999 to the level of president Pratt & Whitney (Canada).It was during his tenure in this position that he proved his worth to the company by streamlining production and growing the revenues. In 2006 he was appointed CEO of the parent company United technologies Corporation and all its subsidiaries.
The appointment came at a time when manufacturing was facing unprecedented difficulties witnessing massive layoffs especially of engineers as companies moved to cut cost which also included outsourcing manufacturing to other countries.
His strategy was rather different as he chose to retain all manufacturing in the united states as well as hire highly skilled staff to help in the revamping of the company.His strategy started to pay off when in 2012, United Technologies purchased Goodrich for an estimated eighteen billion.This strategy was based on his belief that by merging Goodrich and Pratt & Whitney he would achieve the technological might to create the best aerospace products for the industry and this led to a united being able to lock down som of aviation’s biggest manufacturing players such as Embraer.

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