Louis Chenevert- Former CEO at UTC
Louis Chenevert is a business executive who has set the best leadership record at United Technologies Corporation. He served as the CEO of this company for over half a decade and brought unprecedented changes in the company. It is through his leadership that this company managed to rise to the top of the American corporate sector. As one of the companies that are making the highest returns in the world, it needs a leadership team that is committed to the growth of the company. This is not a position that can be taken by someone who has no track record or the willingness to deliver. For a company that is recording billions of dollars in returns every year, the senior leadership needs to be well experienced to handle the operations of large scale nature.
Louis Chenevert joined UTC at a time when the company was in dire need of a leader who could set the foundation for long term growth. The world economic situation was in turmoil due to the financial recession of 2008, but he still went ahead to do magical work. He ensured that despite the depressing economic conditions, this business was still making sufficient proceeds. He had the requisite knowledge to lead the company through the tough economic phase. He accomplished his goal of ensuring that the company performed well until 2014 when he left.
Although Louis Chenevert became CEO in 2006, he had been with the company since 1993. He had worked with Pratt & Whitney, one of the businesses that make up UTC. It is through P&W that he managed to accomplish a lot. He changed the way things were done in this company by making the production work more efficient. He reduced the production time for a jet engine from two years to nine months. He was also behind a series of other achievements that saw the company lay a strong foundation that will move the company to a new level of growth.
Louis Chenevert is now working as an advisor with the Goldman Sachs. His experience makes him one of the successful leaders in business who can show others the right direction.
Louis Chenevert brought tremendous change during his tenure in United Technologies Corporation
Louis Chenevert is a renowned Canadian businessman and has held various prominent positions in his career lifetime. He worked at the United Technologies Corporation where he served as the president and the CEO. He was appointed as the CEO from 2008 and served all through till his retirement in 2014. Before he joined United Technologies Corporation, Louis Chenevert served as the president of Pratt & Whitney.
The graduate from the Université de Montréal, École des Hautes études commerciales with Bachelors of Commerce, was awarded Honorary Doctorate in 2011 from the University of Montreal.
During an interview, Louis Chenevert says that the ideas in United Technologies were brought forward by significant executives who understood the needs of the clients and were passionate to deliver. The concepts of acquisition resulted in profound change and enhanced the company’s portfolio.
During his tenure in the company, he executed various ideas that changed the face of the organization entirely. Some of his ideas included the F135 engine sole source position which brought significant change in the military. Louis also came up with the GFT engine idea which was a major success due to its noise reduction, low fuel consumption and fewer parts. Louis Chenevert also oversaw the acquisition of Goodrich Aerospace which brought significant change to the company, and it was the largest acquisition ever.
Louis Chenevert says that while serving United Technologies Corporation, he mainly focused on operational skills and talents. He believed that engineering was the part that enhanced in bringing ideas to life. As a result, they produced products that met their customer satisfaction and collected revenue and profits. Being focused and having a clear vision as a leader with the crucial working tools and adequate funds results to a significant impact in an organization.
Louis Chenevert says to be a productive and a successful entrepreneur; he applied various tactics which include skills, passion, focus and being optimistic. He further states that empowering the key executives in their operations enables the team to deliver quality services. Louis emphasizes on getting the right team to work with. He says it is essential to appreciate the work of the team and inspire them and always reward risk taking.