Louis Chenevert- The former CEO of UTC

Louis Chenevert is one of the highly successful entrepreneurs in the world. He is the former CEO of United Technologies Corporation, a conglomerate that produces various products such as jet engines and elevators. The company is mainly known for its operations in the aerospace industry. It is the leading producer of jet engines for military and commercial use. It is under his leadership that this company rose to be one of the best performing corporations in the world. His expertise in production management helped the company to lower the cost of production which translated to more profits. Pratt & Whitney is the company under UTC that deal with jet engines.

Origin

Louis Chenevert was born in Canada. He attended HEC Montreal School of Business at Montreal University from where he graduated with a degree in production management. Since then, he has been through various organizations where he has proved his capacity to transform production operations. His first job was with General Motors in Montreal. He worked in the auto industry for 14 years before leaving to join the aerospace industry.

Pratt & Whitney

When Louis Chenevert felt that he needed to change from the auto industry, he decided that he would build his career in the aerospace industry. He was influenced by his colleague who had left the auto industry to join the aerospace industry to join Pratt & Whitney Canada. This is a subsidiary of Pratt & Whitney from the United States. It develops small jet engines. After joining P&W Canada, he showed what he was capable of by changing the production operations in the company. The total production capacity of the company improved under his leadership. The time it took to develop one jet engine went down as did the cost.

Louis Chenevert impressed the management of this company which saw it prudent to have him lead P&W in the United States. He was appointed the president a few years later. In 2006, he was appointed the CEO of UTC. His track record as the head of the company is considered the best in the company’s lifetime. He ensured that the company improved on the utilization of technology and development of human resource.

https://www.cnbc.com/louis-chenevert/