Louis Chênevert Strategy in achieving success in Business
For any company to achieve success then it needs good leadership and investment and which needs to be consistent. This is what has aided Louis Chênevert in achieving a distinguished managerial tenure throughout his career. He has worked for several companies and this has given him a wealth of knowledge and experience of the business world.
He was able to demonstrate this during his time at UTC Company. Chênevert invested massively in all the companies operations including employee training. He also invested massively in the company’s technological capacities taking it to greater heights.
Louis Chênevert was appointed the Chief Executive Officer of United Technologies Corporation (UTC) in 2006, at the time the U.S and the world’s economy were struggling. He transformed the company into one of the best performing companies in the United States. The company specializes in the assembling of refrigeration systems, air conditioning systems, jet engines and helicopter systems. He retired from United Technologies Corporation (UTC) in 2014.
His tenure at UTC was marked by unquestionable success with his major achievement being the development of the Geared Turbofan which was considered a historic milestone in the aerospace industry and that of the company.
Before joining UTC, Chênevert worked for General Motors serving in the capacity of Production General Manager for the St. Therese operation. While at GM, Chênevert sealed an $18.4 billion deal that saw the company acquire Goodrich. Louis also had a stint at Pratt & Whitney serving as the President between 1999 and 2006. He was also a Senior Industry Advisor for Goldman Sachs between 2015 and 2017.
Chênevert also holds various roles in various committees, companies and organizations. He is a member of the Business Council, Board of directors of Cargill Inc, Chairman of the Congressional Medal of Honor Foundation and Chairman of the Yale Cancer Centre.
Louis Chênevert is an alumnus of the University of Montreal, School of Business. He graduated with a Bachelor’s degree in Commerce with majors in production management. He also holds a honorary degree from the same University.
Louis Chênevert strategy to grow in his business has always been to have a relentless focus and the ability to always think big.