Louis Chenevert is French-Canadian born iconic figure. He is well-educated with a Bachelor’s in production management from the University of Montreal, Ecole des Hautes etudes commerciales. He has worked for over ten years in General Motors as the General Manager and also served in the Pratt & Whitney Canada a subunit of United Technologies Corporation.
After serving in the helm corporation for six years, he was elected as the head of the whole Pratt & Whitney unit in 1999, a position he held for seven years before being chosen as the head and Chief Executive officer of the Corporation. He laid a good foundation for the Corporation which has seen it continue dominating the market and enjoys competitive advantages as a result of strategies he implemented.
One such strategy was investing in both people and most advanced technologies. He believed investing in the ideal technology would see the Corporation go far while investing in the perfect people would take it further. Employ Scholar Program is an example of commitment geared towards spending people. This program encourages their employees to pursue education by covering their cost. It has born some fruits where more than 40k of their employees has obtained degrees since 1996.
He used his knowledge and experience to make significant improvements in the Corporation. He made it a personal commitment to leave it better than he found it. He resigned from UTC as the CEO and the President on 8th Dec 2014 where he was later appointed as the Exclusive Advisor at the Merchant Banking Division of Goldman Sachs.
He has achieved about $100b, something that not many corporate executives have accomplished throughout their career yet he has done it in a year. Goodrich acquisition is one remarkable point of achievement. Negotiations for sealing the deal took over a year where they settled on acquiring it at 18.4 billion dollars.
Under his leadership, UTC also won the lobby of manufacturing US Air Force’s second alternate engine. They become the only supplier of the F-35 engine for United States government. Louis Chenevert’s has shown a quality style of leadership which has seen UTC further its vision and inspire people towards making the Corporation projects a success.https://www.bloomberg.com/news/articles/2015-09-08/goldman-sachs-hires-former-united-technologies-ceo-chenevert