Louis Chenevert has rightfully earned the title of business legend. When one looks at his track record, it is no wonder why people would hail him with such prominence.
He began his illustrious career by attending the HEC of Montréal business school, an extension of the University of Montréal. Here, received a bachelor’s degree in the area of production management. Also, Chenevert earned the respect of his professors who would use their vast networks to land him a job he could use as training to one day become a Chief Executive officer.
The job he first job he landed because of his network was as a manager for the Pontiac line at General Motors. Here he would work for 14 years before being offered the role of supervisor. However, he had no intentions of being a supervisor forever. One day he wanted to be a CEO.
He would leave General Motors in 1993 to work for the aerospace company Pratt and Whitney. It was here that he cut his teeth on the aerospace aircraft engine manufacturing sector. This would also be the place where he would begin building his military contacts that would one day make him become a legend. More information on Chenevert can be found on Bloomberg.
After working for Pratt and Whitney for six years as their president, he will go on to become the chief executive officer of UTC, also known as United Technologies Corporation. In this role, he was in charge of organizing the research and creation of high-technology products.
When he arrived at United Technologies Corporation, he knew if he could stabilize the company, it wouldn’t suffer deficits due to industry upheaval. He was able to settle the chaos going on in his organization by first acquiring military contacts through his network. The government agreed to purchase several billion dollars’ worth of merchandise off of United Technologies Corporation. This gave the capital needed to acquire businesses such as Pratt & Whitney, Otis, and Goodrich. These acquisitions would be what was needed to branch out to other sectors and stabilize the company. As of 2017, United Technologies Corporation was worth $68 billion.
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