Louis Chenevert, the former United Technologies Corporation Chairman, has been in the limelight for his significant contribution towards the company’s success. The Quebec born attained a Bachelor’s degree in production management. His leadership style has been very evident with the numerous accomplishments he has had through UTC.
Before joining UTC, he had prior experience from General Motors where he had worked for 14 years. He then proceeded to be president at Pratt & Whitney. He, later on, joined United Technologies Corporation, where he rose the ranks and became the Chief Executive Officer and Chairman.
Louis Chenevert‘s achievements are arguably so big such that not many people would achieve what he has so far. First, he has been a huge advocate of investing in people. UTC has the Employee Scholar Program which offers sponsorship to employees interested in further studies. Chenevert strongly encouraged his employees to make use of the program because he believed in investing in them. Over 40,000 employees have benefited from the program.
All along, Chenevert has been known for having an eye for projects that are most likely to bring in profits. He acquired Goodrich Company. Also, Pratt & Whitney, which is one of UTC’s units, was given a chance to supply the F-35 engine for the US Air Force.
One of the other achievements during Chenevert’s reign is that the Sikorsky Unit has grown to become the largest manufacturer of aircrafts in the entire US. The company has managed to stay at the top of their competitors despite the recession.
Remarkably, UTC was never involved in any cutting of employees and has grown to be a manufacturer of commercial and military helicopter engines. Its unit at Connecticut is the highest provider of HVAC and security systems. UTC has consistently paid out its dividend since its existence. Through Chenevert, UTC has been involved in different financial synergies that have contributed to its growth.
Chenevert resigned from UTC in 2014 and was later appointed an exclusive advisor at Merchant Banking Division at Goldman Sachs. The exceptional leader believes in having well-analyzed long-term goals. Chenevert’s precision in the goals is a combination of precision and creativity. All his business actions are always on how they will affect the business.