UTC Thrives under Legendary Louis

Louis Chenevert is known as a legend in the business world and with good reason. During his time as the Chief Executive Officer of United Technologies Corporation, he raised the value of the business to $63 billion. Chenevert was able to raise the company’s shares from $37 to $117. His company has never missed a dividend payment during his time at the helm and UTC is now known as dominating the sector of aerospace manufacturing. All this was a possibility because Chenevert spent his entire life preparing for that moment. Read more about Louis Chenevert at Affiliate Dork.

Louis Chenevert began preparing for his role at United Technologies Corporation during his sting at HEC of Montreal. Here, he would graduate at the top of the class with a degree in production management.

Chenevert would use this degree to land a job at General Motors in its Pontiac division as a Production General Manager. He chose this job for a specific reason. GM was known as a training ground for future Chief Executive Officers, which is what Chenevert wanted to be one day. When General Motors offered to promote him to the divisions Production General Manager Supervisor, he said no and went to work for Pratt & Whitney.

Louis Chenevert worked for Pratt & Whitney for six years before the board decided that he should function as the company’s next president. Chenevert served so well in this role that soon enough, United Technologies Corporation made him an offer he’d be a fool for refusing. Read more about Louis Chenevert at wingsjournal.com.

United Technologies Corporation offered Louis Chenevert the role of Chief Executive Officer and Chairman and a compensation package totaling over $24 million.

During his run at United Technologies Corporation, Louis Chenevert led them to dominate the aerospace manufacturing sector. He practically took over all the military contracts and became the lead provider of military jets and helicopters.

Louis Chenevert would secure United Technologies Corporation’s dominance by acquiring Pratt & Whitney, Otis, and Goodrich. All three cost the company over $20 billion.

Louis Chenevert stepped down from United Technologies Corporation in 2014 and went on to become a consultant for Goldman Sachs.

Visit: http://www.utc.com/News/News-Center/Pages/UTC-Chairman-Chief-Executive-Officer-Louis-Chenevertrecognized-with-the-Publi.aspx

 

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