Louis Chenevert was chosen as the CEO of United Technologies Corporation in April 2008 and its chairman in January 2010. He had worked in UTC since the year 2006. He had previously served at Pratt and Whitney as the president since April 1999 to March 2006. Earlier before joining Pratt and Whitney, he had committed 14 years at the General Motors in the department of production acting as the manager.
He graduated with a degree in production management from the business school at the University of Montreal. He is a member of the executive agencies of the Business Debate where he executes tax and monetary policy committee and a member of the forum between the U.S and India.
During his work in Pratt and Whitney, his growth to the top of the ladder coincided with a renaissance lead to the increase in performance that is currently producing higher gains in the market share for the mother company. When he was appointed as the CEO at the UTC’s lead to an increase in share price from $37 to $117 that week which is a positive implication of a 200% shareholders value disregarding the payout of dividends.
This increment has been out of Chanevert’s action of moving hundreds of aerospace engineers from lower-cost setting back to Connecticut so that the company would have the flexibility of engaging their expertise where possible in both viable and military market.
Chenevert’s leadership skills were vividly displayed when he was the CEO at the UTC by having the ability to sort projects which had the highest possibility of attaining company’s objectives and goals through motivating people to work towards making the projects successful. In his project, Chenevert pet project called the GTF was ranked on the top and was chosen as an opportunity for the Airbus which established Pratt and Whitney as a powerful group in the marketing of narrow-bodied jet.
Louis Chenevert has earned a reputation for being dependable and competent CEO. While employed at UTC, he was described as a hardworking team leader and well-organized. He was also hired by Goldman Sachs where he was given the duty as an adviser to the firm’s commercial banking division