Louis Chenevert has done wonderful things for the company known as the United Technologies Corporation. When he arrived at United Technologies Corporation stocks were maintaining at only $37 but through the years as the CEO he raised it 200% to $117 a share.
He was capable of doing so well at the United Technologies Corporation because he spent the better part of two decades preparing for the role of chief executive officer.
After he graduated from university he would work on the line of General Motors as a production general manager. After nearly a decade and a half we has picked up by the company Pratt & Whitney which makes aircraft engines. He would become the president of that company in just six years.
This experience was the foundation he needed when he became the chairman and chief executive officer of United Technologies Corporation. Here, he would lead the business to become the best creator in researching high technology products. Their products range anywhere from jet engines, both commercial and military, to refrigeration and air-conditioning, to producing sensors, flight controls, and aerospace systems.
He was able to do the impossible when he acquired the company Goodrich for $16.3 billion. At the time that he stepped down from the role of CEO in 2014 the company was worth $63 billion.
He is also widely known for keeping the business afloat during the time of the great recession in the United States of America. He was able to do that for the United Technologies Corporation by focusing on several things.
First of all, he focused on obtaining governmental contracts in order to have a consistent return on investment throughout the years. This is why his Sikorsky unit was able to produce more helicopters every year than any other US company and maintain strong profit margins.
He also went on to purchase Otis which is the world’s largest elevator company. He would use that and the refrigeration and AC connections to become the most dominant provider of heating and air-conditioning and refrigeration and fired detection in the entire United States of America.