Louis Chenevert – Investing in Business and People

Mr. Louis R. Chenevert has had a long career in business. In his 14 years at work, Mr. Louis Chenevert has been appointed to positions such as Production General Manage, Chief executive officer (CEO), as well as chairman.

Mr. Louis Chenevert achieved his bachelor’s degree from the Université de Montréal, École des Hautes études commerciales (HEC) and graduated in Production Management. He is best known for his leadership of the company United Technologies Corporation (UTC) of which Mr. Louis Chenevert was Chairman and CEO.

His journey to the helm of United Technologies Corporation started with his position at General Motor where he spent a decade of his career. Next, Mr. Louis Chenevert joined Pratt and Whitney which is a unit of UTC. Mr. Louis Chenevert worked in Canada for six years, and in 1999 his hard work paid off with a promotion to the post of President of Pratt and Whitney.

Seven years later, Mr. Louis Chenevert was promoted again, and so he became the CEO and Chairman of the United Technologies Corporation. Mr. Louis Chenevert had great achievements at the post which laid a foundation for the future development and market domination of the UTC. Mr. Louis Chenevert achieved a revenue of $100 billion in only a year after he assumed the posts. He also managed to expand the company through a series of acquisitions, one of which earned the UTC $18.4 billion.

Mr. Louis Chenevert has firm believes of what makes a business last and bring it to success. He started investing in the advanced technology with the purpose of taking the company further. He also worked n establishing a better community within the organization as business is made out of people and for people.

The UTC started an Employee Scholar Program which takes care of the costs for employees who are continuing their education in their respective field. Since the program was launched in 1996, more than 40 000 employees of UTC globally have taken advantage of the program to achieve a degree.

Today, Mr. Louis Chenevert is retired from UTC put works occasionally as the Exclusive Advisor at the Merchant Banking Division of the company Goldman Sachs.

Leave a Reply

Your email address will not be published. Required fields are marked *