A Brief Look at Business: Louis Chenevert

The former CEO of United Technologies Corporation (UTC) and a Canadian Businessman, Louis Chenevert worked 14 years at General Motors as a Production General Manager earlier. The American Multinational Conglomerate, UTC is an entity produce highly technical products by researching, developing and at the same time manufacturing them. Chenevert was elected as CEO of UTC in 2006 after he left the Pratt and Whitney Canada which he joined in 1993 where he was the president after 6 years. He stepped down as CEO at UTC in 2014 and joined Merchant Banking Division, Golden Sachs in 2015. He is an Exclusive Advisor for opportunities in industrial and aerospace sectors.

As CEO of UTC, he has achieved quite a lot which is very impressive and significant that the next CEO do not match to have. During the recession, he gained Goodrich and created a undeniable change in the marketing section making a profit remaining as an amazing feat which still remains as one of his achievements. This deal can be determined as one of his signature deal which he left behind which shows his patience and business brain to spent 1 year in negotiations and finally reaching a deal of $18.4 billion. Read more at Forbes.com.

Till today his greatest accomplishments remain as the project at GTF. This project led the Pratt and Whitney to be chosen as the influential group in the field of narrow-body jet engine market by the Airbus. The highly quality technology which still drives the growth of UTC today was still remarkably found by Louis Chenevert. This has increased the manufacturing jobs of the company and thus boosting the economy of the company in total.

Future Plans

Gregory Hayes, UTC’s current CEO has posted recently that they as a set of CEO along with Chenevert and others act as agents of the companies. They believe they should work towards making the companies better than what have established at the first place. They also see a good scope in investing in people is one step ahead as they go. Investing in company’s latest technology and learning set up of business for the companies will bring a future success.

Although all that was achieved by UTC CEOs gave a good performance, they should be continuously changing the plans so that the company would have a future. The investment plan is the best they can get here. When you think about it a good investment and educated work environment will bring more success to the place. Well-educated workplace can provide you with new ideas and this way it brings a better method to pay back the money. Read more about Louis at crunchbase.com.

The idea put forth by Chenevert have created a global standard of quality for the company. Making UTC greener and eco-friendly has made a lot of change in past years. The products have successfully reduced the emission of greenhouse gasses by 26% and the factories and other plants cut their water consumption by 53% which is an outstanding success.

By Chenevert’s legacy, the UTC now assembles the world most advanced airline jet engines commercially and also for military purpose now. Through the investment plan UTC has spent over $40 billion on the suppliers in just 3 years in US.It is indeed correct to be told that all the innovative ideas come from the people who run it and not the company.

View: https://affiliatedork.com/how-former-ceo-louis-chenevert-helped-utc-become-a-global-force

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