Louis R. Chênevert, a Canadian business man and former CEO of United Technologies Corporation attended HEC Montréal where he received a bachelor’s degree in production management. In nineteen ninety-nine he was elected Pratt and Whitney’s president. He had worked there for six years previously and before that at General Motors for fourteen years. In two thousand and six he again found success in being elected Chairman and CEO of United Technologies Corporation. He has also had a stint in being an adviser to Goldman Sachs Merchant Banking Division. As you can tell Louis R. Chênevert’s career has been an exceedingly ambitious. (See: reporterexpert.com/louis-cheneverts-business-successes-past-present-future/)
Louis Chenevert’s time at United Technologies Corporation wasn’t all roses. He had the challenge of navigating the two thousand and eight great recession. Most people picture America’s manufacturing industry as a thing of the past, like locomotives. There are still a few such ventures still abound in America. United Technologies Corporation or UTC for short is based in Hartford, Connecticut worth a reported sixty-three billion dollars. It has been successful even when faced with governmental hurdles, and has thrived in the place it was founded. United Technologies Corporation makes everything from elevators to helicopters. Thanks in part to Louis Chenevert, United Technologies Corporation has thrived in Connecticut even with the higher than normal taxation. Visit This Page for more information about him.
Unlike other companies, United Technologies Corporation was able to bring back jobs to America during Louis Chenevert’s time running the company, applying their skill were needed. Part of United Technologies Corporation success is because although the company may be a conglomerate, it focuses itself in two areas building technologies and aerospace. This makes it easier to refocus and stream line the companies efficiently. An example of this is in combining their elevators, escalators and air conditioning units into one comprehensive service for builders. While Louis Chenevert was CEO, during the great recession he was able to raise the stock’s price from a terrible thirty-seven dollars a share to one hundred and seventeen. This was all during his time as CEO, with Louis Chenevert’s hard work and smarts the company was able to thrive even under the worst circumstances.
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