The Market Dominance of UTC and the Foundation Laid by Louis Chenevert

Louis Chenevert is a French-Canadian who has accomplished so much in his life. At the onset of his career, he spent 14 years at General Motors as St. Therese Production General Manager. In 1999, Pratt $ Whitney elected him President after working for the company for six years. In March 2006, Louis Chenevert was elected CEO and President of United Technologies Limited. He holds a production management degree which he obtained from HEC Montreal.

More About Louis Chenevert and His Accomplishments

Under the leadership of Louis Chenevert, companies achieved so much. Many corporate executives cannot accomplish half of what Louis Chenevert accomplished in a single year in their entire careers. He focused on the successful acquisition of Goodrich, and after negotiating with Goodrich leadership for more than one year, they arrived at an $18.4 billion acquisition deal. While at UTC, the former CEO relied on Technology and Innovation for the benefit of the company. He committed himself to investing in people and advanced technology. Since assuming the position of CEO and President at UTC, Louis used his experience and knowledge to make significant improvements at UTC. His goal was to make UTC the best company in the world. Repeatedly, Louis Chenevert insisted on the importance of investing in the right technology and right people to take the company further.

UTC is well-known for its dedication to investing in people and fostering their development. The company runs a program called Employee Scholar Program meant to nurture people development. The program sponsors employees who are interested in furthering their education, and it has helped more than 40,000 UTC employees attain degrees since 1996. In the U.S. alone, the company has invested more than $1 billion to help its people further their education.

While at UTC, the most admirable leadership style of Louis Chenevert was his ability to choose high potential projects and help employees realize their full potential. The foundation Louis laid at UTC enables the company to continue dominating the market. Mr. Chenevert is now partially retired and likes spending quality time with his family. Besides working for Goldman Sachs, Louis Chenevert also spends a lot of time on his hobbies.