Louis Chenevert’s Game Changing Decisions at UTC

As a graduate of production management from HEC Montreal, Louis Chenevert got the opportunity to use his newly acquired knowledge at General Motors. He served the company for a period of 14 years rising up to the rank of production manager at the time. Having honed his skills, Louis Chenevert decided to move on to pursue other opportunities. In 1993, he joined Pratt & Whitney Canada. While working for the aerospace manufacturer, he rose to the position of president after only six years. The experience from motor vehicle manufacturing had been swiftly transferred to aerospace manufacturing.

After seven years as president of Pratt & Whitney, Louis Chenevert moved over to UTC where he was appointed Chairman and Chief Executive Officer of the company. It is here he arguably had the best of his career. The experience and skills of the years worked culminated into success all at once. The legacy in UTC will probably remain unmatched by any other CEO for quite some time. As the 2008 recession was beckoning and many companies shifting to losses, UTC under the leadership of Louis Chenevert was making significant gains in the market.

The shrewd business personality was finally becoming too huge for the industry to ignore and in the year 2011, he was awarded several high profile awards for high performance. The year 2011 was probably his finest moment. He finally announced the acquisition of Goodrich a deal worth 18.4 billion dollars. The deal needed extraordinary acumen to push through and remains the most significant merger in the industry to date.

While the merger continues to create value for UTC, it is perhaps the Geared Turbofan Engine that ranks up higher on his achievement. The idea wasn’t received very well when Louis Chenevert introduced it at first. He was clear however that decoupling the fan was going to work for the next generation of engines. He managed to convince UTC to commit to the development of the technology and the rest is now a history of growth. Although Louis Chenevert resigned from UTC in 2014, the strategic decisions he took while CEO is still the major drivers of growth in the company.

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