Canadian businessman Louis Chênevert is an icon of the entrepreneurial world due to his highly successful stints with several world-renowned companies. He is most noted for the significant success he enjoyed as the Chief Executive Officer and Chairman of the Board for the aeronautics industry giant United Technologies. His tenure at United Technologies was the culmination of a long and successful career that saw Louis in key executive positions with business icons such as General Motors and Pratt & Whitney.
Louis Chênevert started his entrepreneurial journey with General Motors. In his fourteen years working for the automotive giant, he rose quickly through the ranks and attained the position of Production General Manager. After fourteen successful years, Louis moved on and accepted a position with aerospace company Pratt & Whitney. Despite a down economy, Louis excelled with the company and quickly attained the position of President. His work at Pratt & Whitney gained the attention of the company’s parents organization United Technologies Corporation. United Technologies brought Louis Chênevert in to see if he could work the same kind of magic that he had pulled off at Pratt & Whitney. It didn’t take Louis long to ascend to the company’s CEO position.
United Technologies is a company that is known for producing the innovate and technologically advanced jet engines in the world today. Despite its reputation for excellence, the down economy had affected the company’s fortunes but Louis had an innovative and insightful plan to revive the fortunes at United Technologies. He placed the focus on maintaining the companies excellent engineering strength and shunned talks of cutting the budget with outsourcing. The results paid off as the company’s reputation for excellence only grew. Soon, United Technologies was pulling in exciting new accounts that had previously belonged to its competitors.
Oracle’s profit, cloud growth forecasts drag down shares https://t.co/FfhnGGr2y8
— Louis Chenevert (@louis_chenevert) September 14, 2017
Louis Chênevert’s career was the topic of a recent candid interview that the businessman did with online interview platform Ideamensch. In regard to the question about his approach, while he was at United Technologies, Louis points out that the focus was on producing products that truly had a chance to change the game in the aeronautics industry. Louis, along with the other top executives at United Technologies placed the focus on truly understanding what the needs of the customer were and then putting together a plan to be able to deliver on those needs. The proof of the success of this strategy is evident in some of the impressive accounts the company garnered during Louis’s tenure. Gaining the rights that for the Gulfstream G500 and G600 that previously belonged to Rolls Royce was of particular note as was the acquisition of Goodrich Aerospace. The main thing that Louis emphasizes for aspiring entrepreneurs that are starting out in business is that they need to make sure they surround themselves with the right team of people.