Louis Chenevert’s Success in the Aerospace Industry

Louis R. Chênevert, the renowned Canadian businessman, was born in Quebec. He was appointed the Chief Operating officer of UTC in March 2006. He joined Pratt& Whitney in 1999 where he worked as the president for six years. Previously, he spent 14 years at General Motors. He resigned as the CEO of United Technologies Corp in December 2004. Chenevert became the Business Council’s Vice Chairman of the Executive Committee in 2012. Three years later, he became an Exclusive Advisor at Goldman Sachs, which is a merchant banking division. That gave him an opportunity to venture into the aerospace industry.

Louis Chenevert attained his bachelor’s degree in Production Management from the University Of Montreal. In May 2011, Louis was honored with an honorary doctorate by HEC Montreal as well as being named as the Person of the Year by Aviation Week & Space Technology, an aviation magazine for his remarkable efforts in the aviation industry.

Under Louis Chenevert’s leadership, UTC was able to influence its stakeholders and shareholders in a manner that made it remain at the top. Nonetheless, the U.S. post-war period profoundly contributed to the fall of UTC’s GDP. It also affected big companies such as Baldwin Locomotives. A few companies UTC included were able to run through the tough times. There were strict regulations and stiff competition from foreign countries. United Technologies Corporation was able to generate a net worth of $63 billion. Another massive impact that Louis Chenevert made on UTC is that it remained on top in aerospace innovation and space building. Under his leadership, there were fair wages to all employees and strict compliance with the environmental policies.

UTC manufactured some of the most advanced jet engines. In fact, their clientele base ranges from the military to commercial retailers.UTC pioneered the development of the largest escalators and elevators in the world. It is also the leading manufacturer of helicopters in the United States. Over time, UTC ventured into climate control and security business. Here, UTC leads in the production of fire deflectors and air conditioning machines, aerospace system unit, flight sensors, landing gears, and brakes.https://www.bloomberg.com/news/articles/2015-09-08/goldman-sachs-hires-former-united-technologies-ceo-chenevert

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