Effective leaders always strive to leave behind a lasting legacy at the end of their tenure. This is not easy and having a long-lasting impact is something to be proud of. While forging his career path, Louis Chenevert established himself as a force to reckon with in business management. In particular, his foresight and leadership strategies at United Technologies Corporation (UTC) saw him attain significant accomplishments.
Chenevert’s career kicked off at General Motors’ St Therese Operations where he worked for 14 years. He rose up the ranks to become the production general manager by the time he was leaving. Before joining the parent company, he worked at UTC’s Pratt & Whitney unit in Canada where he served from 1993 to 2006. While there, he maximized its potential and saw the branch undergo massive growth which gave it a competitive advantage. This achievement saw him appointed as the president of the branch in 1999.
In 2006, his previous achievements catapulted him further up his career as he was appointed the chief executive officer of the corporation. Louis Chenevert, who holds a bachelor’s degree in Production Management from HEC Montreal, continued with his impressive performance.
He raised the performance status of UTC to levels it had never attained. The company’s status was elevated to the most profitable conglomerate in the United States after its share price rose from $37 to $117. The growth margin was almost 200 percent. He would also oversee Goodrich’s acquisition at the cost of $16.3 billion early on in his tenure. Read more about Louis Chenevert at wingsjournal.com.
Louis Chenevert also capitalized on high-quality technology. He saw the company employ techniques geared towards environmental conservation and specialize in the production of eco-friendly products. The increased usability of manufactured goods resulted in a reduction of water consumption and reduced emission of gases too.
Also, he invested highly in the company’s work-force by giving employees scholarships. Through the Employee Scholarship Program, workers accessed quality education in their areas of interest. As a result, a large number of staff members continues to benefit from it. With specialized training and exposure to high-quality education, there is an increase in innovativeness. The skills also promote productivity in the company.
Following his career success, Louis Chenevert has received various accolades geared towards acknowledging his role at UTC. He holds an honorary doctorate degree which was awarded to him by HEC Montreal in 2011. The Aviation Week and Space Technology Magazine also honored him as the 2011 Person of the Year. In 2009, he received the Honor Award from the National Building Museum. Follow Louis Chenevert on Twitter.
Although Loius Chenevert left UTC in 2014 after resigning, his remarkable contributions to the company have ensured continuous growth long after his tenure ended. The company’s leaders that came after him have borrowed significantly from his strategies. As a result, it is hard to mention United Technologies Corporation without discussing his incredible achievements. Years later, his legacy lives on.
He currently serves as the exclusive advisor in the merchant banking division of Goldman Sachs, a position he has held since 2015. He is also the chairman of the International Advisory Board at HEC Montreal.