Lessons from Louis Chenevert’s Professional Success

Louis Chenevert was born in Montreal, Quebec and grew to become one of Canada’s most successful and influential businessman. He is a former Chief Executive Officer of United Technologies Corporation (UTC), which is an American multinational organization that is involved in developing, researching as well as manufacturing of high-tech products. Chenevert who holds a University degree in production management has manged to put his knowledge to use in order to become the business icon that he is today. Chenevert’s leadership strategies and principles have been adopted by several world business leaders aiming to maximize their company’s overall success. Read more about Louis Chenevert at Crunchbase.

Career Development

Louis Chenevert once served as the General Manager in charge of productions at General Motors where he worked for 14 years. He later joined Pratt & Whitney, a Canadian aircraft engine manufacturer in 1993 where he managed to increase the company’s unit performance tremendously which led to his appointment as the company’s president having worked for just a period of six years. But this was just the beginning of his professional and career success, he was later elected as the Chairman and CEO of United Technologies Corporation, in March 2006 where he played a key role in taking UTC to the next level. Louis Chenevert attributes his success at UTC to his ability and willingness to invest in technology and the future, setting high standards that other CEOs have still not managed to match. Chenevert has also served as the Vice Chairman of the Executive Committee of the Business Council between 2011 and 2012. In December 2014, Chenevert resigned as CEO of UTC and later joined Goldman Sachs as an exclusive advisor in the Merchant Banking Division where one of his roles was to target opportunities in the aerospace and industrial sectors. Read more on affiliatedork.com.

Investing in Technology and the Future

According to Louis Chenevert, it is important to invest in high quality and innovative technology as well as employee education in order to set up a business for future success. The most effective CEO’s are those that understand that their role is to act as their company’s agents, this is according to the current CEO of UTC who also firmly believes in the same logic of investing in technology and the future. For Louis Chenevert, innovation does not just refer to technology, but the people as well. He argues that CEO’s should always be focusing on the long-term future although short term performance is also crucial. The future needs investment and this can only be achieved by investing money in employee education and new technology. Investments help in improving the economy which leads to the creation of more jobs. In fact, an educated workforce is more likely to contribute new ideas which puts them in a good position to repay the money invested in their education.

View: https://www.forbes.com/lists/2012/12/ceo-compensation-12_Louis-R-Chenevert_FTA5.html

Chenevert’s Contribution Towards Environmental Conservation

Global warming is a looming threat hence it is important to make wise decisions regarding conservation of the environment even as manufacturing of products continues. While he was CEO at UTC, Chenevert ensured that all products made were Eco-conscious and user-friendly by significantly reducing water consumption and Greenhouses gas emission by 53% and 26% respectively. Due to Louis Chenevert’s outstanding professional and career success as well as his contribution towards environmental conservation, he has been extensively recognized with several awards and acknowledgments.

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