How Louis Chenevert Transformed United Technologies Corporation

Posted by SS Admin on December 9, 2017 in CEO Profiles |

Born in Canada, Louis Chenevert is a very successful businessman who previously led United Technologies Corporation as its chief executive officer. This company is a huge multinational firm that engages in research and development of high-technology that it also manufacturers. Chenevert worked for General Motors for 14 years prior to this as a production general manager. Just prior to joining United Technologies Corporation he worked for Pratt & Whitney Canada and in 1993 he was elected president of the company.

It was in 2006 that Louis Chenevert was named as the chairman of United Technologies. He was eventually named CEO of the company and successfully managed the company through the market crash of 2007-2008. He decided to step away from his role at this company on December 8, 2014. Louis Chenevert had planned to retire but decided to return to work and in September 2015 he joined the investment firm Goldman Sachs where he is an Exclusive Advisor that specializes in the aerospace and industrial industries. Read more at French Tribune.

One of the major accomplishments Louis Chenevert had while running United Technologies was his acquisition of Goodrich. It was a very complicated deal that took over one year to negotiate. During this process Chenevert applied his business acumen ably and he was eventually able to close the deal which was valued at $18.4 billion. Read more on affiliatedork.com.

Another accomplishment of Chenevert’s at United Technology was when he was able to get Airbus to sign a deal making Pratt & Whitney, a subsidiary of United Technology, the provider of their plane engines. This deal, which occurred in 2011, was completed because his company was able to provide advanced materials which allowed the engines to operate at a higher temperature than had been possible before.

At United Technologies Louis Chenevert focused on investing not just in technology but also the employees of the company. He invested heavily in a program that allows employees to have their higher education paid for when pursuing new knowledge that is helpful in their positions. It was in this way and many others that he transformed the company and left it in very good shape for the next CEO, Gregory Hayes.

Learn more: http://www.utc.com/News/News-Center/Pages/Louis-Chenevert-becomes-the-eighth-Chairman-of-United-Technologies.aspx

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