The Reign of Louis Chenevert in UTC

The success of an investor is determined by their focus and their determination to get what they want. Louis Chenevert is today’s most discussed investor. No one knew he could end up doing so great in the industry. He studied Production Management in the University. His objective being to maximize the input of the firm as they minimize the costs. This is efficiency in production.

Louis Chenevert first job was at General Motors. He worked here for 14 years. He used this time to learn the ways of running an organization. Before he left, his efforts to improve the status of the company were awarded by being promoted to the General Production Manager.

In 1993 he joined the Pratt & Whitney. This was as a different field as they were specializing in the manufacture of engines. Louis Chenevert hard work and commitment led to a significant improvement in the unit he was working. After his evaluation for six years, the firm promoted him to the president. It was not long after this that the United Technologies Corporation saw the difference he was making in the firm and nominated them as their CEO.

Making a change in UTC at the moment was not easy given that the nation was going through a financial crisis. However, he used all his experience and innovation to bring a change in the firm. One of the ways he did this was through the purchase of the GTF engine. He had seen its potential when he was in Pratt & Whitney. He led UTC to buy it at $10 billion. Although it took time to design, the project was very successful. The investor also marked history through the purchase of the Goodrich Company at $16 billion. In the long run, all this led UTC to be ranked as the most profitable company in the United States.

Louis Chenevert stepped down from his position in 2014. No scandals or disagreements lead to his retirement. He wanted time off the busy corporate world to have time to send with his family and pursue his interests. Despite him leaving UTC, he will forever be remembered for a reign well served.

https://www.dailyforexreport.com/louis-chenevert-leadership-investment-innovation/