Louis Chenevert’s Breakthroughs in Business

Louis Chenevert is a Canadian businessman who served as the Chairman and CEO of UTC. He had been the president of Pratt and Whitney Canada.
He understood the need to invest in technology and development. These were his driving forces towards the success of UTC Company. UTC deals with detailed research and later manufacture of high technology goods. The production of one jet quality engines is one of the factors in which the company prides itself. The refrigeration and air conditioning industry have also gained from the technological advancements at UTC.
Louis Chenevert focus and determination elevated the success of UTC gradually. He ensured the company had an impressive share rise increase by nearly double what UTC used to have. The financial success of UTC is what saw it become the most profitable Company in the United States.
Moreover, Louis Chenevert acquired a Goodrich $16.3 Billion. This sum went down in history as one of the biggest aerospace deals in the United States. Louis Chenevert served as the Vice-chairman of the Business Council for the years 2011-2012. Later in 2015, he got appointed as an exclusive advisor in the Merchant Banking Division. His role was to target opportunities in the aerospace market as well as offer advice to other businesses on the same.
Additionally, Louis received the Honor award in 2009 from the National Building Museum. He had undertaken his Bachelor’s Degree in production management at the University of Montreal. The HEC Montreal awarded Louis an honorary doctorate as well.
In 2011, he got to feature in the “Aviation Week and space technology” magazine for his success. He became the Person of the year in 2011 and this added to his success. This was one significant recognition that Louis received during his career.
Louis Chenevert believed that investing in technology also included the investment in people. He ensured that all people were productive in their areas of work. Sometimes, a group of people lacked activities in their areas of specialization. He warranted to get them a suitable environment where they would apply their skills while being productive.
Chenevert left a legacy at UTC that is being used as an example to date by the management at UTC. He believed that high-end Technology would go hand in hand with the quality of the education of the employees. This has seen UTC become thriving day by day. Chenevert currently works for Goldman Sachs.