Archive for the ‘Chairman’ Category

Louis Chenevert – The Art of the Business.

Monday, May 14th, 2018

The technical skills of running any project or business venture are the primary prerequisite for success. However, the skills are worthless if not accompanied by soft skills such as leadership, communication and employee motivation. United Technology Corporation (UTC) is hailed as the leading producer of aerospace product in the US, but that statement cannot be complete without the acknowledgement of the marvelous contribution by Louis Chenevert.

With subsidiary companies in Georgia, Florida, Connecticut, New York and Michigan, UTC is the dominant producer of aerospace engines in the US supplying both the private and government institutions. Through strategic management, the company is expecting to create dozens of new post that will hire hundreds of Americans.

This success, however, did not come easy, through several years in school, Louis established a solid foundation that finally made him an exceptional CEO that will be used as a benchmark for many years. His degree in production management and the fourteen years of service at General Motors provide the perfect learning conditions for this exception leaders. As a young man, he did not only absorb knowledge but also used this opportunity to showcase his potential.

As a fresh graduate he was able to deliver excellent results that impressed the management at General Motor, which was in turn rewarded by several promotions. Despite this success Mr. Chenevert was never contented he kept looking for greener pastures. When he got another opportunity with Pratt and Whitney, he turned the company into a multimillion profitable company that gave him and the firm global recognition.

This was the talent UTC was not ready to slip off their hands. The aerospace business offered Louis with the job of a CEO, a decision the company will be proud to have made for decades.

The primary source of the success of Louis at UTC was his visionary ideas that incorporated both the long-term and the short-term goals of the company. But first, he merged UTC with Pratt and Whitney to pull resources together.

Business is about risks and with the right knowledge the chances can be rewarding. This statement what Louis vividly understood. He spent billions of dollars developing the technology that was applied by and the people. Today the efficiency of the company can be traced 100% to Louis strategic decisions.
https://www.cnbc.com/louis-chenevert/