Professional Expertise of Louis Chenevert During His Time at UTC
A Canadian businessman Louis Chenevert has served United Technologies Corporation as the Chairman and Chief Executive Officer and also Pratt & Whitney Canada as President in his successful professional career.
Professional Career of Louis Chenevert
After earning a bachelor degree in production management from a business school affiliated with University of Montreal this Quebec born boy started his professional career with General Motors and served the company as Production General Manager for 14 years. Then he joined a Canadian company Pratt & Whitney where after working for six years he was elected as company’s President in 1999. In 2006 he was elected as Chairman of UTC and in 2014 he resigned as the CEO of this company. From 2011 to 2012 Chenevert also served as Vice Chairman of the Business Council’s Executive Committee. In 2015, he joined Goldman Sachs as Exclusive Advisor for its Merchant Banking division to find business opportunities in the industrial and aerospace sectors. Read more about Louis Chenevert at Crunchbase.
Chenevert’s Career with UTC
During his tenure in UTC he became Chairman and CEO of the company not at the cost of company’s investment in new technologies and workforce or outsourcing or offshoring production in wholesale. He enabled hundreds of aerospace engineers to serve the company at low cost locations like Connecticut so that their skills can be used by the company as per the needs of military and commercial users of its products. So during the time of Chenevert UTC avoided the suspension of engineers done by other companies to increase its production by improving their skills.
As a subtle and positive thinker Chenevert improved his business dynamics to ensure the success of UTC. In fact, UTC is not a company that handle various businesses that are not connected with each other. The focus of its business is mainly on two markets- aerospace and technologies, in which it is constantly investing its finances and functionalities. For example, with its climate and controls business UTC has combined Otis so that an integrated solution can be provided around the world for infrastructure and commercial projects. It is just as the acquisition of aerospace business of Goodrich by Pratt & Whitney. Along with it Louis Chenevert has also encouraged UTC to balance the portfolio of its businesses with different types of users and markets. Normally demand cycles of military and commercial worlds follow different measures to smoothen their results and revenue every year. For example, during tensions at international level the demand of jet engines decreases in commercial markets but increases in military markets. By maintaining balance in skills and capabilities in both the aerospace markets can help in maintaining productivity of the UTC better than those who deal in only one market. In this way, the professional career of Louis Chenevert as Chairman and CEO of UTC was very successful. He made his presence felt in a very positive and fruitful manner during his tenure. Instead of being a burden for the company he tried his best to improve the revenue of the company by improving the skills of its technical staff by investing in new technologies and educating the workforce. Read more about Louis Chenevert at wingsjournal.com.