Tag: Retired CEO

The Legacy of Louis Chenevert Continues to Grow

Louis Chenevert has worked with a number of reputable entities throughout the course of his career, including a 14-year period with General Motors, but it was after his shift into the aerospace industry, that he solidified himself as one of the premier business minds in the world. The former Chairman and Chief Executive Officer of United Technologies Corporation consistently brought his ideas to life through his own signature brand of innovation, which included supporting the implementation of the latest tech, utilizing small teams, overdelivering for the client. Today, the tradition of excellence created championed by Louis Chenevert continues under the company’s current Chief Executive Officer, Gregory Hayes.

Seeking a career change, Louis Chenevert joined the aerospace company, Pratt & Whitney in 1993 after working as the Production General Manager at General Motors for a number of years. In just six years with Pratt & Whitney, Mr. Chenevert became the President of the company. While in this role, he would become familiar with a new geared turbofan engine that was under development at the time, viewing it as a potential game-changer for the future. By 2006, he’d become the Chief Executive Officer of United Technologies Corporation, and soon after, began diverting resources toward the completion of the geared turbofan engine. After more than two decades and a $10 billion investment from United Technologies Corporation, the GTF was complete. The new geared turbofan engine, which cut fuel emissions by 50 percent while utilizing 16 percent less fuel, quickly caught on throughout the industry and is now used in over 70 aircraft.

In growing United Technologies Corporation into an international force, Louis Chenevert also helped to create thousands of jobs in the United States. Today, there are manufacturing plants in places such as Georgia, New York, Florida, Maine, and Connecticut, and through outsourcing, involves virtually every state in the country. Despite his retirement, United Technologies Corporation plans to continue the expansion strategy implemented by Louis Chenevert, with the creation of 5,000 new job positions under development.

http://releasefact.com/2018/05/louis-chenevert-inspiring-story/

The Success Attributes Louis Chenevert as a Technological Expert

Louis Chenevert is a household name in the technological industry. The Canadian born business mogul is recognized in leading some of the most recognized technological institutions in the world. After graduating with a Bachelor of Commerce, Louis Chenevert began his career as an employee of Pratt & Whitney in 1993. He spent the next 14 years at General Motors performing exemplary thus earning him several promotions. As a result, he was promoted to the position of general manager of the company. This was an eye opener towards the realization of his managerial skills that have helped him spearhead other companies to success. He is the former Chief Executive Officer and Chairman of United Technologies Corporation. This is a company he initiated and made it outshine in the provision of modern technological solutions.

In an interview about his career path and what makes him successful, Louis Chenevert elaborates on the steps he has taken to ensure he succeeds in life. The idea to establish United Technologies Corporation was fostered by the advice he received from business executives from different companies. Having worked with many professionals, Louis Chenevert was advised to start a business entity that would befit his status. With over 30 years’ experience in the technological industry, he wanted to develop a company that would witness GTF engine development. This will enable the development of engines with better fuel burn, reduced noise, and lower maintenance cost. Bringing ideas to life was another captivating model that helped him achieve more success. Here, he would invest confidence in his small team of professional by ensuring they have been given the required tools, funds and autonomy to perform to their best.

Louis Chenevert attributes the success of his company to different habits. They include being passionate and optimistic, exercising resilience, pushing for successful agendas and ensuring the employees have all the material need for success. Louis Chenevert wares many hurts as a technological expert, this include but not limited to being appointed to boards of different organizations like Tax and Fiscal Policy Committee, US-India CEO Forum and Congressional Medal of Honor Foundation. As such, he is recognized as being a team player and contributing to the development of charitable organizations globally.

http://releasefact.com/2018/05/louis-chenevert-inspiring-story/