The former Chief Executive Officer and Chairperson of United Technologies Corporation, Louis Chenevert, is honored as a business legend, up there with Welch, Gates, and Buffet. Many point to his time at UTC as his crowning achievement because of what he did for the company and how he nearly monopolized the aerospace manufacturing sector. Many forget though, the legends are a lifetime in the making and Chenevert had been training for that moment since his days in school.
Louis Chenevert’s legacy began during his time at the University of Montreal. Chenevert attended the affiliate school, HEC of Montreal, to get a degree in productions management. While there, he earned the respect of several of his professors, who not only functioned as his mentors but also as his sponsors. Before he graduated, they called through their networks and got him a job at General Motors. Visit United Technologies website for more info.
Louis Chenevert wanted to work at General Motors because it is known as a training ground for future Chief Executive Officers. This proved to be true because, after fourteen years working at GM, Chenevert was approached by Pratt & Whitney to become their next COO. Chenevert knew what that meant. The COO position is what a company used to test somebody before giving them the leading role in the company.
Chenevert would work at Pratt & Whitney for six years before the old President stepped down. The next day, Chenevert was voted the new president. Here, he would work for seven years before leaving for United Technologies Corporation.
At the United Technologies Corporation, Chenevert would function as both the Chief Executive Officer and also the Chairman of the Board. This dual combination gave him the power he needed to affect change in a short time frame.
Louis Chenevert began by expanding UTCs vast business portfolio by purchasing his former aerospace company of Pratt & Whitney. This allowed him to dominate the aerospace manufacturing sector and take over as the leading provider of government contracts. Chenevert also acquired the vast Goodrich for a total of $16.3 billion. The moment this happened, UTC would dominate the arena. Visit dailyforexreport.com to know more about Louis Chenevert.