Louis Chenevert is famous for his role at the United Technologies Corporation (UTC), which turned the company from a state of financial repression to massive developments and profits. The company deals with jet engine assembling for technologically advanced jets used for business and military requirements. He is an incomparable capitalist who is always looking forward to improving, thus mastering the knack of investment and the changing aspects of the business.
During his stewardship at UTC, Louis Chenevert saw the company through profitable investments, needless to say, the most profitable ventures. These include; The advancement of the company’s Climate, Controls and Security facility in Connecticut to cater to refrigeration, heating devices, air conditioning and fire detection necessities; The development of the GTF engine that was later chosen for Airbus upon completion of the project; The expansion of the Aerospace Unit to accommodate plants that produce sensors, brakes and other aerostructures; Employee training programs that promote innovation, employee education and a supportive working atmosphere, and the manufacture of helicopters by the company’s facility in Sikorsky that has produced helicopters more than any other unit in the United States.
Louis Chenevert’s leadership at UTC resulted in a considerable standing in the business world, becoming a trendsetter in the industry. His career life is a summary of success stories including: The acquisition of Goodrich during recession: The GTF Engine that has seen a number of its inventions employed in many aircraft; the decision to evade outsourcing of production workforce by relocating engineers to the plant at Connecticut; the maintenance of all employees during challenging financial times which saw other companies lay off their workforce to stay afloat; the increase in share price during a time of financial decline, and his role in the Employee Scholar Program that oversees the expenses of employee education.
Louis Chenevert has worked up the ladder on several occasions, becoming a leader through hard work and determination. Company executives can learn from the business giant that becoming successful in business does not come about by terrifying employees and shouting orders at them, but by working as a tea to meet the company’s goals and objectives.