Louis Chenevert’s Leadership Paved The Way for Success at UTC

Mr. Chenevert is a Canadian businessman who held the Chief Executive Officer and Chairman of UTC (United Technologies Corporation) positions until 2014 when he stepped down from this position voluntarily. Before this, Louis also served as the president of Pratt and Whitney Canada just before he was elected to be the UTC’s CEO in 2006. United Technologies Corporation is headquartered in Hartford, Connecticut and is an industrial conglomerate with an asset base of $63 billion.

About Louis Chenevert

Louis Chenevert holds a bachelor’s degree in production management from HEC Montréal, an affiliate of the Business School of the University of Montréal. In May 2011, he also obtained an honorary doctorate from HEC Montréal. Within that same year, Louis was named Person of the Year by the Aviation Week & Space Technology, a US aviation trade magazine due to his substantial contributions towards the aviation industry. Between 2011 and 2012, Louis was the Vice-Chairman of the Executive Committee of the British Council. In September 2015, Chênevert became an Exclusive Advisor in the Merchant Banking Division of Goldman Sachs.

Louis Chenevert’s Achievements at UTC 

According to Gregory Hayes, the sitting UTC CEO, the perfect leader is someone who leaves a company in better shape than he/she found it. One of Louis Chenevert’s greatest strengths was his ability to exercise and implement excellent leadership skills. Louis also managed to establish a productive team by motivating his employees to enroll in employee scholar leadership. Apart from that, Louis Chenevert helped lay the perfect foundation for UTC, and the share price of the company rose from $37 to $117, an increase in shareholder value of 200 percent.

As a result, UTC is now a global enterprise with different investments in assorted economies thanks to Louis Chenevert. Another impressive achievement of Louis Chenevert is the fact that he successfully managed to remain the market leader in innovation in the building space and aerospace, paying fair wages to workers, and complied with environmental and other public concern matters. Chênevert relocated hundreds of aerospace engineers from a lower-cost community into Connecticut to enable UTC to have room for applying skills with regards to commercial and military contracts. In fact, UTC was responsible for the assembly of the most sophisticated jet engines worldwide.

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