Posts Tagged ‘Louis Chenevert’

A Summary of Louis Chenevert’s Career Life

Monday, December 3rd, 2018

It is important that we leave a mark everywhere we go. This is not possible unless we are committed and clear about our goals. Louis Chenevert was able to create his legacy in UTC for the eight years he served as President and Chief Executive Officer. Many questions came from his exit from the firm because he left at a time when UTC was experiencing great success as a result of his input.

However, it was confirmed that they were no disagreements that led to his retiring. He only wanted to have more time to focus on his family and interests. He is currently working as a financial advisor at Goldman Sachs.

Before joining UTC, Louis Chenevert had been in the corporate world for two decades. His experience in the other firms contributed to his intelligence and innovation. Before joining UTC, he was the President of the Pratt & Whitney. Here, he held the president position that he acquired six years after joining the firm. This was not the first place he worked. After successfully graduating with a degree in Production Management at HEC Montreal, he got a job at General Motors. He worked in the firm for over a decade. In General Motors, he learned the basics of running a business. He enjoyed multiple promotions in the company. He was the General Production Manager before he left the firm.

Despite all this success, the most discussed is his reign at the United Technologies Corporation. He improved the share value of the firm with 200%. He also made it the highest profit making in the USA through the acquisitions that he made for the firm, leveraging it.

The former UTC CEO says that one thing that led to his great accomplishments is working with a talented team. He says that you can only perform as great as your team can deliver. He mentions that relentless focus also helped him achieve his goals.

When we dig into our past, we always have one thing we would love to do differently. Louis Chenevert says that he could handle the internal politics cautiously. He says that they are always two groups in every firm, those who are aligned with the agendas and the naysayers. Focusing on the latter blocks one from accomplishing their goals.
https://affiliatedork.com/how-former-ceo-louis-chenevert-helped-utc-become-a-global-force

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/