Louis Chenevert is the former CEO of United Technologies Corporations. One of the things he did while serving as the leader of the company was to make great achievements. His legacy in this firm will be remembered for many years to come. His impact on the management of the company was huge in just six years that he served as the CEO. However, he had earlier served in the Pratt & Whitney division of the conglomerate business is an umbrella of multiple multi-billion companies.
Louis Chenevert left a very clear record of assisting the firm to meet its short-term and long-term goals. Some of the areas which he heavily invested in were technology and human resource. To him, these two were the most important factors that could make the company move to a higher level. As a CEO who led the company at a time when the financial sector was not good at all, he made a great impact on the company by facilitating it to make huge profits. He joined UTC as the CEO in 2008 just when the global economic recession had hit the world. Louis Chenevert, however, had the qualities of a good manager which enabled him to make profits with the company when others were hitting rock-bottom in their returns.
Before Louis Chenevert was appointed the CEO of UTC, he made a huge contribution to Pratt & Whitney. He initiated the process of making the geared turbofan engine. This is a modern engine which is being widely used in manufacturing jet engines for commercial and military planes. This innovation has contributed massively to the growth of the entire conglomerate. When he became the CEO, he invested $10 billion in the GTF engine project. GTF has better advantages when compared to others because its fuel consumption is low and does not produce harmful emissions to the environment. This engine brought major changes in the aerospace industry.
Louis Chenevert is a production management degree holder from HEC Montreal. His duty is to help companies use better production methods that will minimize production costs and increase the profits.