The success of Louis Chenevert is one that is celebrated by many. He set an example to many on the best way to conduct business and earn high returns. Chenevert has had his hand in many businesses that have ended up a success. In one interview he said he has passion in everything he touches. He stays optimistic throughout his projects.
Louis Chenevert lives a semi-retired life. He is concentrating on the designing of yachts. He also enjoyed his time with his family after many years in the corporate world. He is also working partly as the Goldman Sachs.
Louis Chenevert career boomed when he became the Chief Executive Officer of the United Technologies Corporation (UTC). His reign was very successful despite being a recession period. The strategies he had in business management and his intelligence, rose the shares of the company by 200%.
Before joining UTC, he was working with the Pratt & Whitney Company. He joined the engineering firm after his 14 years at General Motors, where he worked as the Production General Manager. After six years in the Pratt & Whitney Company, he was promoted to the President of the company due to his diligence.
Louis Chenevert is considered the king of acquisitions. His purchases made a very big difference in the company. Take the GTF engine as an example. When Chenevert was working at the Pratt & Whitney, he realized that the engine had great potential. He led UTC to purchase it at $10 billion. It took the firm 20 years to design the GTF engine. The engine is being used by more than 14 airlines and 70 aircraft. This is because it is eco-friendly.
During an interview, Louis said that one trend that excites him is the technology. He explains that the industry has a future with the differences of speed. He says that when he was always optimistic and ensured he had a solid relationship with his employees in UTC. He also focused on the talented individuals who were aligned with the objective of the firm.
His advice to the young business persons is to keep an eye on the internal politics of the firm. It is always essential to avoid the naysayers.