Tag: UTC

LOUIS CHENEVERT, A SUCCESSFUL PRODUCTION MANAGER

Louis Chenevert was born in 1958 in Quebec. He is a Canadian businessman who has made achievements in every organization he has served. Presently, he is retired and spends the entire time in Goldman Sachs as an advisor. Louis follows his interests and also spends time with his family. He started his journey by getting a degree in production management from HEC Montreal. Working in General Motors was fruitful, and he raised his career level rapidly to become the production manager. Later, he became the general production manager where he served the role of supervising extensive production.

In 1993 Chenevert left GM and joined Canadian branch and work for the Pratt and Whitney. Before Louis becoming a member of the company, the economy wasn’t doing well, but due to Chenevert experience, accuracy and comprehension, he restored the financial development of the company. Within six years Chenevert was appointed as the president of the company after the market share started to increase in the aerospace industry.

Pratt and Whitney are supplemental for United Technologies Corporation (UTC) which served both civilian and military economies, leading to a broad diversity of products which include elevators, security systems, and aircraft engine.

In 2006 he was chosen to be the chairman of UTC and later April 2008 he became the chief executive officer. At that time UTC had a low economy, and Chenevert decided to shift production into the US. UTC provided workers and engineers with an offer to switch to the central location, and Connecticut State became their home. UTC was capable of expanding the economy stock price.

His prominent acquisition includes the purchase of Goodrich Corporation. Goodrich had become the top manufacturer of rubber all over the world, and Louis main aim was to make sure UTC had purchased Goodrich. A deal that aided in minimizing the internal expense of production and increased the substantial share of the firm market.

Chenevert publicized his retirement in 2014, and this was an astonishment to many people because at that moment UTC was doing immensely fantastic due to his diligent work. But it should be noted that he needed adequate time to chase his excitements. He has designed and build three different leading yachts.

http://www.utc.com/News/News-Center/Pages/Louis-Chenevert-becomes-the-eighth-Chairman-of-United-Technologies.aspx