Louis Chenevert is a former CEO of the United Technologies Corporation (UTC) as well as renowned Canadian businessman. UTC is an American multinational conglomerate that carries research and development as well as the manufacturing of high technology products. He spent 14 years serving at General Motors as the Production General Manager. In 1993, Louis Chenevert joined Pratt & Whitney a company based in Canada and was elected the president of the company six years down the line.
He was also elected as the Chairman of the UTC in March 2006. Louis also served as the Vice-Chairman of the Executive committee of the Business Council from 2011 to 2012. He decided to decline from the post of Chief Executive Officer of UTC on 8th December 2014. He then joined The Merchant Banking Division at Goldman’s Sachs where he acted as the Exclusive adviser. His important target was industrial in conjunction with the aerospace departments.
As the Chief executive Officer of the UTC, Louis Chenevert left a legacy since he played a very crucial role in this company. His set legacy of high standards that tough for the other CEOs to uphold. He managed to achieve some amazing feats such as making tremendous gains in the market while still in recession and acquiring Goodrich. His acquisition stands as his serial deal that stands for the business acumen in conjunction with extraordinary patience. This was because he spent over one year in negotiations before he got to 18.4 billion USD deal.
However, Louis Chenevert project, the GFT, is among the best in his list of accomplishments. This pet project was elected as an option for the establishment of Airbus Pratt & Whitney. This was a super influential group in the narrow-body jet engine market. He anticipated the establishment of the advanced materials which assisted in the growth of the engine. Regarding Louis, the concept of decoupling the fan had a significant potential for s payoff in both the larger and the latest designs. He aided UTC in meeting an investment commitment in high-quality technology that instills growth for the company today and develops manufacturing jobs to boost the United States Economy.