Technology and People: Louis Chenevert’s Approach to Successful Business

Louis Chenevert is among the most successful individuals in the manufacturing and business industries. He has been involved in fostering acquisitions, bringing forth impressive revenues, and transforming companies throughout his career. The holder of a degree in Production Management from the Université de Montréal, Canada, also received an honorary degree from HEC Montreal.
Chenevert worked at General Motors where he was a General Manager for about fourteen years. He later joined Pratt & Whitney business unit in Canada, which was part of United Technologies Corporation. Chenevert was later elected as president of the division a position he held for seven years. Chenevert was then elected the President and CEO at United Technologies Corporation. He had joined Pratt & Whitney and by extension UTC at a time when the global economic conditions were unfavorable to the American manufacturing industry.
Louis Chenevert steered the corporation through the difficult times enabling it to record a consistent growth in its market share. His primary area of focus was investing in technology that would allow an entity to claim its position even in the future. In addition to this, he emphasized on the need to invest in people that would drive the corporate into realizing its objectives. The approach was instrumental in his ability pursue high potential projects as well as inspiring people to successfully undertake them. In essence, it enabled the corporation to remain relevant in the fast-evolving global business scene.
During his time at the helm of UTC’s Pratt & Whitney division, it became the sole supplier of the F-35 engine to the United States government. He was also instrumental in the acquisition of Goodrich. Indeed, Chenevert’s leadership enabled UTC to stamp its authority in the assembly of jet engines for commercial and military use. It assembles some of the most advanced jet engines in the world. The corporation is also involved in the production of other accessories such as flight controls, brakes, and landing gears among others.
He left UTC in late 2014 to join Goldman Sachs as an Advisor in the aerospace industry within the Merchant Banking Section. Ultimately, UTC has remained competitive through the strategies adopted during Chenevert’s tenure.