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/

Louis Chenevert embraces technology in running a company

Entrepreneurs should know that the business environment has changed. The modern consumer is concerned with getting the best and quality services and for a current company to succeed there is the need to consider embracing the use of new and advanced technology in offering services. Those who want to achieve in entrepreneurship are making the use of technology in the right way. Without technologically transforming your business, there are chances of experiencing losses and even closing your company. The modern entrepreneurs need to know that the market is already competitive and if they fail to embrace new and innovative ways they may not survive in the market. Louis Chenevert has been widely recognized in the business world for embracing technological changes. He is an investor who has adopted such changes, and he has the correct understanding of how businesses should be managed to make profits.

When you meet the entrepreneur, you can quickly discover that he is an executive who is serious about his profession and always ready to follow his dreams. He knows the world of business is dynamic and there are changes always. That is why he is still trying to understand the market trends because he wants to know the next best way to invest. It is through this knowledge that he has managed to serve in several companies successfully. He has used this to accomplish a lot in his career, and he is excited that he has achieved his dreams. Most of the investors admire him because of his exceptional leadership qualities.

Louis Chenevert is not only a talented business manager, but he also went to school and gained the knowledge that would enable him to achieve the success today. After school, he went to work in the corporate world, and his career became successful. He has continued to advance his career after gaining a lot of knowledge and experience in the field. He started his career by being an employee of General Motors. While working at the private institution, he managed to help it in various ways. He worked here for more than ten years and introduced advanced and modern technology in the organization. He also took the opportunity to gain a lot of knowledge that he used to excel in other companies later in his career.

http://releasefact.com/2018/05/louis-chenevert-inspiring-story/