Louis Chenevert is a Canadian businessman and the former CEO of United Technologies Corporation (UTC). He held the position of the CEO between 2008 and 2014. He is among the people who have done so much in upgrading the conglomerate business which has various multi-billion businesses under its name. The contributions of Louis Chenevert includes among other things taking the company through the global financial crisis that hit the world in 2008.
As the CEO, he ensured that the company was cushioned from losses that would bring the business to a halt. He did his work marvelously and attained the short-term goals that he had set out to accomplish. He carried out his work with diligence focusing on the long-term survival of the business. He used his term as a foundation upon which other executives will build on. By facilitating development in the company, he ensured that everything was running in the right and that growth was being recorded.
Before Louis Chenevert was appointed the CEO of the company, he had proved his value to the company when working as the president of one of the businesses under UTC known as Pratt & Whitney. This company deals with the production of jet engines. With the level of growth that the company was experiencing when he was the president, he managed to convince the management of UTC that he could accomplish the same targets with them.
For the years that he worked as the CEO, he proved exactly why he was the best. His performance was better than anyone else who has ever been in this business. UTC recorded growth in its annual returns as well as the products it was producing. During his reign, he led to the invention of the Turbofan geared engine. This is the biggest invention which has ever taken place in the company. Although some people argued that the cost of producing this engine was too high, he proved them wrong when the engine became the biggest income earner in the company.
Louis Chenevert is a qualified production manager who holds a degree in production management from HEC Montreal School of Business.