Louis Chenevert is the immediate former CEO of conglomerate business United Technologies Corporation. This is one of the biggest companies in the world and worth billions of dollars. The business has companies such as Pratt &Whitney under its management. Pratt & Whitney is a leading manufacturer of jet engines both for commercial and military purposes. Other companies under UTC deal with the production of products such as security systems, escalators, and elevators. For Louis Chenevert to manage such a huge conglomerate, it is an honor and approval of his business leadership skills. Such a company cannot be placed in the hands of a manager who has not had excellent results in the past.
Before joining UTC in 2008, Louis Chenevert was the president of Pratt & Whitney. He led the company at a time when the aerospace market was not doing very well, and many such companies were closing down with losses. For P&W, all was good since Louis Chenevert had put in place measures which cushioned the company from any major loss. Through P&W, he proved that he could manage even a bigger organization and that is when he was picked to lead the parent company United Technologies Corporation.
Louis Chenevert was an experienced production manager who started working in the auto industry. He had worked for General Motors in Montreal, Canada for 14 years before making the shift into the aerospace industry. His experience in the auto industry proved vital in the management of the production lines at P&W. one of his achievements I the company was increasing efficiency in the production department. The company used to create one engine in 2 years but after he came this reduced to 9 months.
Louis Chenevert started development of the geared turbofan jet engine at P&W. However, this project was completed when he was already CEO. He had high hopes for this project and knew that one day it would be in high demand due to its unique features and capabilities. The engine has very low environmental pollution and has low fuel consumption rate. He funded the project with $10 billion, and the good thing is that it has paid off despite some critics dismissing it for costing too much.