Tag Archive: United Technologies Corporation

The Secret to Success in the Corporate World with Louis Chenevert

Louis Chenevert is an icon in the business industry. Many business people across the globe are embracing his mechanism of running a conglomerate. Besides his legacy in UTC, he has had success with other multiple corporations. Fortunately, the investors have not been disappointed. Here are some of his strategies that he uses in his business;

Investing in the Future

The CEO of a company is a steward of the firm. This means they got the responsibility to protect the future of the firm. Louis Chenevert joined UTC when the USA was struggling with the recession period. He watched many firms close down, which subsequently led to unemployment.

Louis Chenevert led the firm to invest in future high innovative technology. This was his way of ensuring the country never had to deal with the financial crisis again.

Acquisitions

Louis Chenevert is known for his wise acquisition ability. He led UTC to purchase the Goodrich firm. The deal took a year of negotiations. Finally, Goodrich agreed to sell at $18.2 billion. This was the most expensive aerospace deal that had ever been closed in the state.

Louis Chenevert also purchased the GTF engine. When he was working in Pratt & Whitney, he realized the GTF engine had the potential to do well. It cost UTC $10 billion to purchase the engine, and an additional twenty years to design.

The acquisitions have proved to be effective. UTC Company is speculated to have the ability to employ 25000 new employees in the near future and launch 5000 innovation programs.

Focusing on the Important Factors

The corporate world is a world for tough minds. There are many counter forces that you have to fight on your way up. Not everyone will support the agenda you feel would be a game changer in the firm.

Louis Chenevert says that it is critical that one learns to focus on their goals. He advises the young leaders to always move ahead with the people who are willing to support the progressive agendas. He adds that the naysayers have a habit to join when things appear to be successful.

http://www.utc.com/News/News-Center/Pages/UTC-Chairman-Chief-Executive-Officer-Louis-Chenevertrecognized-with-the-Publi.aspx

The Career Steps of Louis Chenevert

Success in the investment world does not happen in a fortnight. It takes time to cultivate and establish one grounds. The investments world is not for the individuals who give up the moment they begin facing difficulties. It is for people who use the challenges that come along their way to their advantage. One of these individuals is Louis Chenevert. Louis Chenevert is the former Chief Executive Officer of the United Technology Corporation (UTC).

Louis Chenevert has had multiple successes in his career and has been awarded severally. He is said to have a hand in more than 50 successful conglomerates. Well besides passion, Chenevert’s dedication to his work is not that of an average man. Everything he decides to do, he gives his all to bring to reality.

It is worthwhile to note that in every organization he worked, he acquired a hiring role. He also made a difference in all firms. After school, he worked at the General Motors. Here, he worked for more than a decade. His hard work and diligence led to his promotion. He became the overall manager of the Production department in the firm.

In 1993, he began his reign at the Pratt & Whitney Company. The firm specialized in engine manufacturing. The unit that Louis was assigned began to make a tremendous improvement. This led to his promotion to the President of the firm, in less than a decade.

At the time the Pratt & Whitney Company was a branch of the UTC Firm. Seeing the difference Louis was making as the President of Pratt & Whitney, they made him the CEO of UTC. The nomination happened in 2006. During this time, the company was experiencing a financial crisis, and therefore not the most suitable time to be appointed as the CEO of a firm. However, Chenevert being the intelligent investor he is, still improved the state of the firm. In fact, instead of the value of the shares decreasing, it doubles by 200%.

Louis says that he was able to achieve the success through creativity and innovation, as well as having a cooperative team to back him up in his job.

https://medium.com/@louischenevert6/who-is-louis-r-chenevert-c1ae95052bce