Louis Chenevert’s Remarkable Role in UTC’s Achievement

Louis R. Chenevert is the former chief executive officer and president of United Technologies Corporation (UTC). Born in Quebec Canada in 1958, Louis Chenevert is recognized as a man who made the UTC successful despite it riding through a rough economic time during the subprime recession. He managed to attain a phenomenal stock growth that increased from $37 to $117. Louis was also able to give a stable dividend payout to shareholders and at the same time reinvesting a lot back to the business. He joined the University Montreal where he studied product management. After he graduated, he was employed to work as a product manager at General Motors where he worked for 14 years. He currently works for Goldman Sachs in the Merchant Banking Division.

Louis Chenevert shifted on to Pratt & Whitney where he served in the engine department for six years. Pratt & Whitney is an aircraft engine manufacturing company that is located in Canada. While working at Pratt & Whitney, he was mainly in charge of development and unit production where he oversaw a steady increase in the level of production and also an increase in process efficiency. Due to his incredible commitment to serving the company, Louis was appointed to serve as the president of the Canadian subsidiary. At this post, he was responsible for all the company’s operation in the country. After serving as the president of Pratt & Whitney for some time, Louis was chosen to work as the overall CEO of UTC. With this position, he was in charge of all the responsibilities of the company together with all its subsidiaries. However, Louis proved that he was worth the job as he managed to grow the operation of the company as he conducted lucrative acquisitions.

Chenevert’s landmark achievement was the acquisition of Goodrich for $16.3 billion. He also merged the company’s operation with those of Pratt & Whitney, and he achieved a masterstroke by having the capabilities to provide market leaders in aircraft manufacturing industry like Bombardier. The genius idea of assembling related sectors to create market-relevant solutions manifested itself again when he purchased Otis elevators and escalators with Carrier air conditioning.