Louis Chenevert is a Canadian businessman who is the former Chairman and CEO of United Technologies Corporation a conglomerate made up of various companies that are key to America’s hold on technology and national defense. He was the former Chairman at Pratt & Whitney, and formerly worked for General Motors. (More: wingsjournal.com/louis-chenevert-business-giant-took-sea)
United Technologies (UTC) was in the forefront of the assembly of some of the most sophisticated jet engines in the world from a military and commercial standpoint. UTC is also the owner of Otis, one of the largest manufacturers of elevators and escalators in the world. UTC is also the leading manufacturer of helicopters in the United States.
UTC is also a leader in the security business as well as the climate and controls business. These areas have found UTC to be a leader in refrigeration, heating and air conditioning equipment, and fire detection equipment. In Aerospace Systems, UTC manufactures flight controls, flight sensors, brakes, landing gears, aero structures, and actuators.
In a time when much of American industry had a difficult time maintaining its status quo, and in which many companies such as Zenith, Baldwin Locomotives, and many other notables declined to the point of oblivion.
With the leadership of Louis Chenevert providing a strong capability, UTC, a huge conglomerate worth in the $63 billion managed to not only stay afloat, but thrive during a period that most US corporate businesses had a real struggle. What is even more amazing was that under Chenevert’s leadership, UTC was able to stay in the forefront as a market leader in the building and aerospace industries without leaving its origination point in Hartford, Connecticut and without outsourcing its employee base.
UTC met all of its obligations, even though Connecticut is not the cheapest place do business. The firm brought in over double the returns of the average company that was listed on the S&P 500 and the Dow Jones. The company has paid out dividends to its shareholders for over 70 years. Check him out on Forbes.
Louis Chenevert is known for not only thinking outside the box, but in eliminating the box altogether. He is known as a strong thinker who is at home with the most difficult of complexities and making everything work out. Click Here to learn more.