Louis Chenevert: A Guiding Hand For UTC

In the competitive world of business, there are many fascinating innovators worthy of note. These characters are somehow able to turn companies around armed only with good ideas and persistence. One of these impressive personalities worth further note is Canadian born Businessman Louis R Chenevert. Born in Montreal, Quebec in 1958, Chenevert grew up and chose to attend college at HEC Montreal. In 1979 he earned his bachelors from the university in business administration. Louis  Chenevert achievements later in life would also earn him 2 honorary doctorates one from HEC Montreal in 2011 and Concordia University in 2014. These achievements were hard won as he began his Career at General Electric. For 14 years he impressed all those he worked with earning the position of general production manager by the time he was ready to move on. He left General Electric in 1993 and pursued a position with Pratt and Whitney Canada. Chenevert’s skills translated impressively to the new company and he was named President by 1999. After years of service Chenevert was ready to take on a new challenge. He found that challenge at United Technologies Corporation. In 2006 Chenevert joined the company and took on the role of President as well as Chief Operating Officer and Director. Follow him on Twitter.

 

His new undertaking proved to be what Chenevert needed, a challenge. At the time Chenevert took on the leadership role at UTC the country and the company were experiencing financial turmoil. With the recession in full swing, most companies were struggling to hold on. However, Chenevert did not focus on the obstacles instead he focused on the opportunity and he guided UTC to prosperity. The company’s stock prices were a pitiful $37 a share before Chenevert took the reins and by the end of his time running the company they had grown robustly to $117 a share. This growth delivered investors roughly 200% on their initial investments as well as dividends paid out regularly. Chenevert’s success is not limited to this growth. Chenevert impressive abilities can also be admired by how this growth was obtained. Instead of moving production overseas or infusing the company with money on new equipment of technology he achieved this growth by reorganizing the company to maximize what it already has. Find More Related Here.

 

Related: http://www.wingsjournal.com/louis-chenevert-business-giant-took-sea

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