A Peep Into Louis Chenevert’s Achievements With The United Technologies Corporation

For 14 years Louis Chenevert had been working at the United Technologies Corporation (UTC). He was the chairman and Chief Executive Officer at the firm which did so well under his leadership. UTC is not the only company where Louis has worked. Before joining the United Technologies Corporation, he worked Pratt and Whitney Canada where he was the president. Louis Chenevert came into this world in 1958. After his birth in Canada, he was taken through the education system and finally landed in the HEC Montreal which is an associate business school of the University of Montreal.

 

At the university, he attained a Bachelor’s degree in Production Management during 1979. Later on, in 2011, he got a Doctorate Honoris Causa from the same institution. He also went on to expound his education in Concordia University in 2014. UTC has been dealing with the production of latest and high-end technology products. UTC is involved with the research and development of technology gadgets which contribute greatly to the operations of different aeronautical firms. This product includes airplane engines and other parts. It also focuses on elevators, escalators and security and safety systems which include fire safety products. Get Additional Information Here.

 

Louis Chenevert’s contributions to the firm’s success were visible during the time that he served there, and Louis  Chenevert is responsible for the current success since he laid a firm foundation during his time. Some of the achievements is the increase in the firm’s shares from 37 to 117 dollars. The two-hundred percent increase was achieved through hard work and commitment towards the company’s goals. The increase assisted UTC to climb up the business charts to become one of the most successful establishments in the USA.

 

Chenevert has received several awards for his numerous contributions. He received the Honor Award in 2009 and later named the U.S Aviation trade, magazine Aviation Week and Space Technology’s person of the year. The Honor Award was presented to him by the National Building Museum. It is impossible to forget what Louis has done for United Technologies Corporation even though he no longer works there. For his efforts, the corporation will be forever thankful. (See: utc.com/News/News-Center/Pages/UTC-Chairman-Chief-Executive-Officer-Louis-Chenevertrecognized-with-the-Publi.aspx )

 

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Louis Chenevert – A Visionary of His Time

For decades, America’s manufacturing economy seemed to be in a state of decline. It is not hard to believe when thousands of the nation’s manufacturing jobs have disappeared. Those lost manufacturing giants include locomotive, steel, and electronic corporations that were once household names. However, there are American companies that have managed to not only survive, but thrive amongst heavy competition around the world. United Technologies is one such survivor. Today, the company manages assets of at least $63 billion. United Technologies headquarters is in Hartford.

 

The company has also managed to retain its competitive edge without having to abandon its core philosophy of putting people first. The company believes that educated and cared for people will always provide the best products and services. As the former CEO of United Technologies, Louis Chenevert took the approach of building the company from day one. The company had already taken on the task of expanding globally, which spurred revenues to grow from 25 percent to 60 percent.

 

See also Louis Cheneverts Business Successes Past, Present and Future

 

This growth was due to placing a focus on developing processes and researching the company’s disciplines to become increasingly more effective and productive. Chenevert’s career took off when he joined United Technologies. Under his leadership, the company became a global force. He believed that a CEO is the steward of their company, and that any company should be better off if and when its leader departs. Chenevert placed a great deal of focus on investing in employees and long-term goals.

 

United Technologies developed a jet engine that changed the industry. The new engine reduces fuel consumption by 16 percent, and harmful emissions by up to 50 percent. Fourteen airlines fly with this engine. No doubt, that number may expand in the future. It was Chenevert’s ability to understand future needs and develop the technology that would meet future needs and demand.

 

His legacy continues as an innovator in private life where he builds yachts. Click Here to learn more about Chenevert.

 

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Source: http://www.utc.com/News/News-Center/Pages/UTC-Chairman-Chief-Executive-Officer-Louis-Chenevertrecognized-with-the-Publi.aspx