Louis R. Chênevert is the former Chief Executive Officer and Chairman of UTC. UTC stands for United Technologies Corporation. This is a manufacturing company in the aerospace industry. Louis R. Chênevert joined the corporation in 2006 and served for 8 years until 2014, when he resigned. Louis is learned and holds a degree in production management of HEC Montreal. Louis has received a number of accolades for his role as the head of UTC. HEC Montreal awarded him with an honorary doctorate, while Aviation Week & Space Technology, a prominent magazine in the United States featured him as the person of the year in 2011, the same year he received the honorary doctorate.
Louis R. Chênevert as the head of UTC made sure that the company recorded massive growth under his leadership despite facing a lot of challenges from other competing firms and the great economic recession of 2008. What left many people in awe is how he managed to make the company grow when others were crumbling due to tough economic times. Many companies that had established themselves were doing so badly at the time while others like Zenith actually died completely. Among the companies that survived is UTC.
Under the leadership of Louis R. Chênevert, UTC never had a bad year. Throughout the various challenges in the market at the time, UTC never retrenched workers, lowered their wages or engaged in activities that would violate the environmental regulations. UTC had its HQs in Hartford, Connecticut. It was worth about $63 billion.
UTC was involved in operations of assembling jet engines. They had clients from all over the world. They used to specialize in both commercial and military aircraft engines. UTC has another crucial role that it is engaged in, this of manufacturing elevators and escalators. Even as of today UTC is the number one manufacturer of the United States military helicopters.
Louis R. Chênevert as a business leader has been very successful in all the organization he has worked for. From his time at General Motors to Pratt & Whitney, he has left one mark, that of success.