Louis Chenevert- UTC’s Think Tank to Success

Louis R. Chenevert is a renowned businessman from Canada. He was chairman and Chief Executive Officer of United Technologies Corporation. Louis was born in Quebec. He attained his bachelor’s degree in Production Management from HEC Montreal. Louis was, in in March 2006, elected as chairman and CEO of UTC. He later resigned from his position on December 8, 2014, with Edward Kangas taking over the position.

Before the resignation of Louis Chenevert, there was a lot he did for UTC to remain scaling high. The company continued to thrive and lead in the market, regardless of the competition from foreigners. Through Louis expertise, UTC managed continued to lead. Workers continued to get fairly paid and their concerns were always addressed. UTC during Louis time had the most sophisticated jet engines worldwide. They had both military and commercial clients. The company also manufactured the world’s largest escalators and elevators. Apart from that, Louis enabled UTC to remain leading in the manufacture of helicopters in the United States of America. Visit United Technologies website for more info.

Louis Chenevert has remained successful since leaving General Motors for UTC. He brought high revenues for UTC considering the economic crisis at the time of his election as Chief Executive Officer of UTC. When he was CEO, there was a notable increase in the share price from $37 to #117. This in return increased the shareholder value for UTC. Read more about Louis at crunchbase.com.

Louis Chenevert is a strong thinker. He has managed to transform UTC into a global business. UTC directed its strength and resources on its two largest markets, aerospace and building. As a result, Louis has earned himself the title of a prolific thinker. He managed to bring about a balance that helped create new products and deliver quality ones. UTC continued to benefit from all products in its business lines. As a result, this increased business which meant more revenue for the company. Apart from UTC’s success, Louis Chenevert had other personal achievements. These included; a compensation of up to $22,032,175 salary, an Honor Award from the National Building Museum, and Aviation week and Space Technology person of the year in 2011.

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