How Louis Chenevert Elevated UTC

When you think of United Technologies Corporation and its metamorphic rise to one of manufacturing’s most profitable and technological advanced corporations reporting a growth in their stock of 200 percent during a time of subprime recession the name of its former CEO and president Louis R. Chenevert comes up.
Chenevert was born in Quebec, Canada in 1958 and went on to acquire an education in the same country culminating in the achievement of his bachelor’s degree in production management from an affiliate of the University of Montreal (HEC Montréal). After graduation, he joined general motors and it is here that he sharpened his skills and grew to become a production manager in line with his education and passion. After a successful 14 year stint, he left and joined Pratt & Whitney Canada where he worked in the engine business department. Louis worked in the role for six years and was appointed president of Pratt & Whitney in the year 1999. This was not a mean achievement for a someone who had just been in the organization for 6 years.
In March 2006 he was appointed CEO and president of UTC seen as a vote of confidence for his performance in the previous role. At this position, he was able to make more strategic decisions that would have far reaching impacts in the organization.
He was very instrumental in technological investment and man power hiring to properly run the technology in the organization. His firm believes in the need to offer commensurate compensation to his employees as well as avoiding layoffs when there was a downturn in the economy earned him loyalty in the organization and in turn ensured the organization continued to perform exceptionally.
He oversaw the biggest acquisition by UTC of Goodrich for an estimated $16.3 billion it was one of the biggest in the world of aerospace development. With this acquisition, he ensured that UTC was able to offer the market equivalent of a one-stop shop for airframe integrators.
Chenevert was also very conscious of the environmental impact of the big manufacturing industries and to this end that he ensured that they achieved various benchmarks such as a 53% reduction in water consumption of water across UTC as well as a reduction in emissions of greenhouse gases by 26%.

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