Louis Chenevert has been hailed, and rightfully so, as a legend in the world of business due to his work at the United Technologies Corporation. During his time there as the Chief Executive Officer, Chenevert turned them into a business that dominated that aerospace manufacturing sector and beyond.
Louis Chenevert prepared for that accomplishment while studying for his degree in production management at HEC of Montreal. While others were partying, he was memorizing the fundamentals that made good businesses thrive. He caught the eye of several professors who would use their vast networks to get him a lucrative starting job. Visit utc.com to know more about Louis Chenevert.
This lucrative starting job was for General Motors as a Production General Manager. Here at GM, Louis Chenevert would work for the Pontiac Division, ensuring that the line was running smoothly and effectively. Chenevert never intended to stay here forever. This was his training ground; the place meant to hone his skills. After fourteen years here, he was noticed by Pratt & Whitney.
The aerospace manufacturer, Pratt & Whitney, would offer Chenevert the role of COO at their company. During this time, the board would keep a watchful eye on him to see if he was destined for greater things. After six years, they were all agreed that Chenevert should be the company’s next President, a role that he filled spectacularly. Read more about Louis Chenevert at Crunchbase.
After his time at Pratt & Whitney, Chenevert would go to work for United Technologies Corporation as the CEO. His job was to expand their reach and market share. It is in accomplishing this that he became known as a legend.
Louis Chenevert led United Technologies Corporation to expand into the heating a refrigeration sector by acquiring Otis. He nearly monopolized the aerospace manufacturing sector by purchasing Pratt & Whitney. This allowed him to take over the military contracts and become the largest producer of aircraft and helicopters for the United States.
However, Louis Chenevert’s crowning moment was when he acquired none other than Goodrich for a large sum of $16.3 billion. This move increased UTC’s value to $63 billion and created the juggernaut they are today.