When you want to write the success story of United Technologies Corporation, it would be hard to do so without mentioning the name of Louis Chenevert because of his major contributions and accomplishments. This article will discuss the success story of this renowned business giant and how he scaled the company to greater heights during his tenure as the Chief Executive Officer. Louis had a passion for his role and for the employees that worked under him. He always focused on long-term goals, employees, and innovation. He was the best steward that United Technologies Corporation will ever have. We are going to discuss the legacy of Louis Chenevert 4 while he was at the helm of this American Multinational company.
Major Accomplishments of Louis Chenevert at United Technologies Corporation
Louis holds a degree in production management from HEC Montreal. He began working with General Motors where he managed to climb to become a production manager due to his hard work. He later decided to change and work in an aerospace industry where he got an offer to work with Pratt and Whitney Company. The company was a subsidiary of United Technologies Corporation that produces high-quality technology products. UTC was hit by the economic recession that occurred in 2006. Read more about Louis Chenevert at wingsjournal.com.
Louis Chenevert accomplished amazing feats like making great gains in a recession-hit market and obtaining Goodrich. He was able to strike a deal of $18.4 billion for UTC after having negotiations for almost a year.
He launched a pet project popularly known as the GTF which was later chosen as an alternative for the Airbus that was established by Pratt and Whitney Company. This was a great achievement that assisted the company to enter the market of Jet engines. During his tenure as the UTC CEO, he helped the company invest in high-quality technologies that have continued to propel the company to its current status. He also helped to create more manufacturing jobs and this boosts the U.S. Economy.
Louis Chenevert championed for the production of environmentally friendly and greener designs. He ensured that the products of the company reduced the emission of dangerous gasses by 26% while the company reduced its waste levels by almost 53%.
Based on the legacy of Louis Chenevert’s stewardship, UTC is now able to assemble sophisticated jet engines for military and commercial users. The company is leading in the production of heating, air conditioning, and refrigeration products. It is currently building helicopters that are of high quality compared to other companies in the U.S.
Louis Helped UTC to acquire Goodrich Corporation and that subsequently made the company acquire its multinational status. Goodrich Company was a good rubber producer in the world and later ventured into aerospace manufacturing. This helped UTC to reduce its internal costs of operation and increase their market share. This helped the company to dominate the aerospace market in the whole world.
In 2014, Louis Chenevert shocked the whole world when he announced that he wanted to resign as the CEO of UTC. This caused many people to question the move behind his untimely resignation despite the fact the company was doing exemplary well. He is currently pursuing his passion for designing yachts. Read more about Louis Chenevert at Daily Forex Report.