How Louis Chenevert Improved United Technologies Corporation

Louis Chenevert had a long and distinguished career in the manufacturing and aerospace industries. He was born in 1958 in Canada and earned his college education at Université de Montréal. After graduating in 1979 he joined General Motors. He was a production manager at this firm for 14 years. He left in 1993 after getting a job at Pratt & Whitney, the global engine manufacturer.

In April 1999, Louis Chenevert was promoted to president of Pratt & Whitney. He held this position up through March 2006 when he joined its parent company, United Technologies Corporation, as a top executive. In April 2008 he was elected president and chief executive officer of UTC. In January 2010 he tacked on chairman of the board as one of his positions at UTC. He served in these roles up through November 24, 2014, which is when he decided to resign from UTC. Today he serves as a Goldman Sachs’ advisor to high net worth individuals who want to invest in the aerospace and manufacturing industries.

Louis Chenevert was considered a pioneer in the aerospace industry. Soon after joining Pratt & Whitney he started work on a revolutionary engine that was quieter and much more efficient than any airplane engine had ever been before. It was the successful launch of this engine that led to him being named as the president of Pratt & Whitney. He made Pratt & Whitney lean and efficient which got the attention of the top executives at United Technology Corporation.

When Louis Chenevert started leading UTC it was a tough time in the industry. During this time the global recession tanked the economy and sales of planes and their parts plummeted. Chenevert was able to limit the damage at UTC and his company didn’t see anywhere near the profit losses that other companies in the industry experienced.

One area that Louis Chenevert bucked the trend on was outsourcing. Most companies in the manufacturing and aerospace industries started outsourcing much of their work to Asia, Brazil, and other companies with cheaper labor. Chenevert did the opposite and moved production to the United States which proved to be the right move as UTC profits increased.

http://www.utc.com/News/News-Center/Pages/Louis-Chenevert-becomes-the-eighth-Chairman-of-United-Technologies.aspx

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