With an emphasis on empowering employees, Louis Chenevert’s CEO tenure at United Technologies Corporation was characterized by several achievements. Chenevert left a legacy at the company that his successor cannot match. His accomplishments include enabling UTC to make gains during a market recession. He also led the company in negotiations of a deal worth $18.4 billion that UTC closed.
Louis Chenevert championed the need for UTC to invest in high-quality technology. Thanks to his efforts, the firm currently adopts this technology and creates several manufacturing jobs yearly. The firm is also contributing positively to the U.S. economy thanks to Chenevert’s past leadership efforts. According to Chenevert, future business successes are achievable when a company invests in the right technology.
During Chenevert’s tenure, the majority of UTC’s employees benefited from education programs sponsored by the firm. Chenevert believed that these employees had the potential to steer success at UTC. According to him, they needed more education for them to help the firm achieve its organizational goals.
UTC as an Environmentally Conscious Company
While serving as UTC’s CEO, Louis Chenevert had environmental concerns in mind. He ensured that UTC’s products were centered on environmentally friendly designs for them to penetrate the market. His efforts paid off when the products enabled UTC to reduce its water consumption by 53 percent. These products also reduced pollution caused by greenhouses by 26 percent. Through Chenevert’s strategic leadership, UTC adopted a global environmentally friendly standard for its manufacturing plants.
Chenevert’s Career Background
As a Canadian businessperson and executive, Louis Chenevert previously served in the CEO capacity at UTC. He was in charge of the multinational conglomerate’s research and manufacturing activities aimed at producing high-tech products. Chenevert is also one of the longest-serving production general managers who worked for General Motors. He also worked for the Canada based Pratt & Whitney for six years.
Louis Chenevert’s CEO tenure at UTC came to an end on December 8, 2014. A year later, he accepted a job offer to serve in Goldman Sachs’ merchant banking division. He became part of Goldman Sachs’ management team serving as an exclusive advisor. His role involves keeping an eye on lucrative opportunities in the aerospace and industrial sectors.