The world of business can be a rough and tumble business that takes no prisoners. It also can create a whole lot of opportunity, innovation, and wealth. Not everyone climbs the branches of success, so you have to be dedicated, knowledgeable, and persistent. One man came from humble beginnings to become a successful and thoughtful leader.
In such a short period of time Louis Chenevert accomplished quite a lot at United Technologies Corporation. In his last position there he was Chief Executive Officer, President, and Chairman for the corporation. He used his vast knowledge, great instincts, and business smarts to launch United Technology Corporation into a leader in their industry. He started his journey in college at the University of Montreal’s business school called HEC Montreal. A native Canadian Louis was born there and lived there during the early part of his life. He would go on to start his career and first job in Canada at General Motors at St. Therese, Quebec. He was the first line supervisor at their assembly line plant. Chenevert would eventually work his way up the company. Fourteen years later Louis joined Pratt & Whitney, a division of the super corporation UTC. In his leadership role he cut down production time of an engine from two years to nine months. That cut down manufacturing costs by 10 percent in one year.
Louis Chenevert knew that Pratt & Whitney’s GTF engine had potential to spare so he joined the mother corporation United Technologies Corporation after over a decade at Pratt & Whitney. He joined United Technologies Corporation as Chairman. In his role as Chairman Louis encouraged UTC to invest in the most advanced technology to super boost the GTF’s engine potential and boy did it pay off. $10 million dollars later and they created a clearly superior engine that cut fuel burn by 20 percent. They also cut down the cost of the engine’s lifetime by 30 percent and noise by 50 percent. All the money and investment paid off in spades because now this particular engine is used by 14 airlines and in 70 aircraft.