How Louis R. Chenevert Became A Pioneer In The Aerospace Industry
Louis R. Chenevert is a Canadian Businessman who is well-known as a pioneer in the aerospace industry. He was the one who changed the aerospace industry with his fantastic business ideas, methods, strategies and policies.
Louis confirmed that he was able to bring ideas to life while at UTC because his focus was on delivering results that exceeded customer’s expectations. He had a supportive staff that made it possible for him to achieve his ideas. What really excites him is how technology and the speed of change created the opportunities that complemented his ideas which helped to drive UTC into a leading company in the industry. He identified some factors that made him a more productive entrepreneur. One of them is disregarding internal politics and another is ensuring that the operational executives get everything they need in order to improve productivity. He also specified open thinking, relentless focus and thinking big as his strategies to grow businesses.
Louis Chenevert’s Educational Background
Louis graduated from the HEC Montreal with a Bachelor of Commerce in Production Management. And in 2011, he received an Honorary Doctorate from the University of Montreal.
Louis started his professional career at General Motors. There, he served for 14 years and rose to the position of a Production General Manager.
After leaving General Motors, Louis took up employment with Pratt & Whitney, an aerospace manufacturer. He managed the Canadian branch. And through his excellent leadership and managerial skills, he was able to drive the company to the top of the aerospace industry. Thus, the company’s market share in the industry increased tremendously. That was when he began to gain recognition in the aerospace industry. Subsequently, he was elected as the company’s President within 6 years of his employment.
Louis Chenevert’s role at the United Technologies Corporation (UTC)
The role that Louis played in the growth of Pratt & Whitney, a subsidiary of the United Technologies Corporation attracted interests from the top management executives. So, he joined as a President and Chief Operating Officer. His major strategy led to a rise in UTC’s share-price. His strategy was to avoid cheap labor because he felt that cheap labor would result in cheap products. And true to his reasoning, UTC now manufactures the most advanced aircraft engines in the world, thus, making the UTC a recognized company in the industry. Consequently, he was elected as the President and Chief Executive Officer. Shortly after, he was elected as the Chairman too. So, he became both the Chairman and Chief Executive Office until he retired in 2014.
Louis also worked with Goldman Sachs. He joined as a Senior Industry Advisor shortly after retiring from UTC.
- He is the Chairman of HEC Montreal’s International Advisory Board.
- He is a founding director and the Chairman of the Board of Directors for the Friends of HEC.
- He is a member of the Business Council.
- He is a former member of the US-India CEO forum.