How Louis Chenevert Guided UTC Through The Subprime Recession

For many years Louis Chenevert was a top executive. He is a graduate of HEC Montreal where he earned his degree in production management. He also holds an honorary doctorate this institution gave him in 2011. After graduating he joined General Motors where he climbed up the ladder for 14 years through hard work and determination. He then joined Pratt & Whitney Canada where he was eventually named the president of the company after having been there for six years. His skill in this position led to him taking over Pratt & Whitney’ parent company, United Technologies Corporation (UTC). He was the chief executive officer and president of this company until he resigned towards the end of 2014. (More: frenchtribune.com/teneur/25552-innovative-deals-and-inspired-leadership-characterize-louis-chenevert)

 

It was Louis Chenevert’s leadership that led United Technologies Corporation through the very difficult business environment that existed during the subprime recession. Manufacturing in North America has been very difficult since the 1980’s when companies began moving their factories overseas. Pop culture has long since declared the industry as dead in the United States. Nonetheless, under his leadership UTC thrived as a manufacturer of airplane parts even during the subprime recession despite other challenges such as stifling regulations that are in place. Due to his effort UTC is a company that is now valued at $63 billion. Check out Chenevert on Cruncbase.

 

One of the remarkable achievements that Louis Chenevert had while serving at UTC was that the company thrived while paying a fair wage to its employees. He also made sure that his company was always compiling with environmental rules which is costly but saves the environment and people’s lives. UTC builds jet engines for companies around the globe as well as different nations militaries. Additionally, Chenevert led Otis which is a subsidiary of UTC. Otis is the biggest designer and manufacturer of elevators and escalators on the planet.

 

After resigning from UTC, Louis Chenevert took some time off before joining Goldman Sachs. Louis Chenever is now an exclusive advisor who specializes in both the industrial and aerospace industries. Additionally, he helps his clients invest in other industries due to his vast experience. See This Page for related info on Chenevert.

 

See Also: https://www.dailyforexreport.com/louis-chenevert-leadership-investment-innovation/