Why Chenevert is the Ultimate CEO To Copy
A very successful Canadian businessman, Louis Chenevert was United Technologies Corporation’s CEO until he stepped down on December 2014. He started out as a Production General Manager and worked fourteen years for General Motors before joining Pratt & Whitney Canada in 1993. There, he quickly joined the high ranking officials, being elected as president just after six years. Beginning in 2015, he became the Exclusive Advisor of the Merchant Banking division, where he continues to create great opportunities for both the technology and aerospace industries.
During his stint as CEO of UTC, Chenevert had made notable achievements that allowed him to leave a magnificent legacy for the American multinational company. One significant role he played in, and is marked as the biggest and most important deal of his career, is the Goodrich acquisition. Negotiating for one long year before closing it at $18.4 billion dollars, this deal highlights Chenevert’s extraordinary proficiency and understanding of the business. Read more about Louis Chenevert at Affiliate Dork.
Understanding and acting upon the company’s ideal for creating environment-friendly products, Chenevert made it his mission to significantly lessen the company’s share in greenhouse gas emission and water consumption through making and improving their products, as well as putting up global standards for all their facilities.
Another greener and noteworthy success for UTC that was heavily aided by Chenevert is the Geared Turbofan engine that catapulted Pratt & Whitney as frontrunners in the narrow-body jet engine niche. Already used by fourteen airlines and installed in almost a hundred aircrafts, the geared turbofan engine not only reduces fuel burn by 16% but it also diminishes gas emissions by up to 50%. It was a long $10 billion investment that paid off very well, as it both gives great advantages to the aerospace industry and the planet.
Louis Chenevert saw the importance on investing in technology that had an immense potential for payoff. This made huge company growth possible, and in turn allowing UTC to create more and more jobs. But, like all successful CEOs, Louis Chenevert did not stop for just the company’s needs. He knew and respected the fact that what drives a company to great success is its people. Chenevert’s fantastic leadership has made many more opportunities for the company, its manufacturers, and it suppliers to hire new talents to aid in the ever-evolving innovations that they’re creating. A great example is UTC’s recent announcement that its projected to hire more than two thousand new employees in the next three years due to their new technology’s demand. Read more at French Tribune.
What made Louis Chenevert an amazing and highly successful CEO is that he envisioned the company he’s working for as an investment in itself. It was his job to make sure that the company moves forward in the industry it is in. It is a career-long goal for any CEO to turn over the company to his successor better than when he first started out. Chenevert understood that for this to happen, he had to make sure that the people working for the company are well compensated and educated as they are the driving force that makes the company all the more successful. Chenevert’s shrewd business acumen coupled by his humanitarian disposition has allowed United Technologies Corporation to grow into the leader of the industry it is today.