The Rebirth of UTC Under Louis Chenevert

He holds a Bachelor’s degree in the field of production management. This, he acquired from HEC Montreal, an associate of the University of Montreal. He first started working with the General Motors for 14 years. In addition to his already glamorous portfolio, the man also has a doctorate from HEC Montreal which he received in 2011, and the title 2011’s person of the year by Aviation Week and Space Technology, a United States aviation trade magazine. He is the former CEO and chairman of United Technologies cooperation (UTC), ex-president of Pratt and Whitney Canada. He is the up-and-coming Canadian businessman, Louis Chenevert.

Louis Chenevert was elected chairman and CEO of United Technologies Cooperation (UTC) in 2006. UTC is an offshore cooperation that works with both noncombatant and military economies in manufacturing a wide range of products. These products include security systems, elevators, HVASs and aircraft engines.

During his time as CEO and chairman at UTC, Chenevert made a chain of enhancements in the organization with the intention of segregating the company from the profit losses that most businesses sustained at the time. Most companies at this time were resorting to outsourcing strategy to face the financial crisis. Well, Chenevert was wiser; he instead decided to move all of UTC’s engineers and workers into the United States. His objective was at bringing all of the best thinkers and workers in one area where they would focus on solving problems together and producing quality products that would bring in more income as compared to the cheap products that result from cheap labor. This move went on to help the company keep itself afloat during the hard period of the Great Recession. The company incredibly increased their stock value under the leadership of Louis Chenevert.

Louis Chenevert stepped down from his position as CEO and chairman of UTC in December 2014 after a successful run. His greatest achievement in UTC is that he led the corporation to achieve a balance in its portfolio of various businesses that cater to diverse users in different markets.

Leave a Reply

Your email address will not be published. Required fields are marked *