Louis Chenevert is a prominent businessman in North America. He is the former CEO of United Technologies Corporation, a business organization that ranks as one of the most successful in the world. This is an organization that mainly deals with the production of jet engines. It is the leading producer of jet engines in the world for commercial and military purposes. As a leading company in the world, we cannot ignore the fact that this is a company that has benefited from leaders who understand how to manage large organization. Before a leader is mandated to lead such a company, they must have proved beyond reasonable doubt that they are doing the right thing.
Louis Chenevert has performed as a leader in this company. For about two decades, he served in this company in a different position. In 2006, he became the senior-most executive after his appointment as CEO. Previously he had served as the president of Pratt & Whitney, the most successful business that makes up UTC. In this company, he was responsible for the improvement of production activities. He ensured that the production capacity of UTC improved. For instance, the production time for large jet engines went down by over a year. The production cost also went down by over 20 percent.
Louis Chenevert was behind the innovation of the geared turbofan jet engine. This is an engine that is superior to any other in the market. It has minimal noise, and air pollution and consumes less fuel. Louis Chenevert invested over $10 billion into this project which has now turned to be the most important source of income for UTC although he had faced opposition from some quarters.
Louis Chenevert is a man who has managed to do something that no other executive at UTC has ever done. Due to his contributions, the net worth of the company went up by Thrice. Even as he left the company in 2014, he felt proud of what he had managed to achieve. His efforts are being relied upon by the subsequent CEOs. Chenevert believed that the company needed a long term strategy in order
to succeed and that is exactly what he worked towards.