Louis Chenevert, a native Canadian who now resides in the United States, is also the former Chief Executive Officer of United Technology Corporation (UTC). UTC is an American company which studies, develops, and manufactures quality technology products. Prior to working for UTC, Chenevert was elected as the president of Pratt and Whitney Canada in 1993 after working there for only a few years. Before that, he worked at General Motors as a general production manager for 14 years.
Chenevert, together with the current UTC CEO Gregory Hayes, maintained a focus on increasing future investments and advancing technology. According to both business leaders, company administration and management require people’s innovation as well as procedures followed.
Chenevert, upon joining the United Technologies Corporation, came up with ways of generating and increasing the profit margin through market shares. He believed that any CEO must be able to deliver some measurable results in the short-term, but should focus on the long-term future of the company as well. His ideas made the United Technology Corporations rise above once-powerful industries such as Bethlehem Steel, RCA, and Zenith. In 2006, the American economy was facing instability, but Chenevert managed to bring fantastic achievements.
Chenevert encouraged the UTC company to back products that were more friendly to the environment. He also allocated staff work according to their capabilities, and this led to high growth in the economy. Chenevert led UTC until he retired in 2014.
Chenevert is also a mentor to many investors. A big number of investors have been applying Louise techniques to achieve success in their businesses. He had contributed to greater impacts on the corporate world even after he left UTC. In every company that he worked, Chenevert contributed to the general improvement of the enterprise.