Tag Archives: Business

Louis Chenevert: Success is a Team Effort

IdeaMensch is an internet newspaper that chronicles the experiences of entrepreneurs throughout the country. This issue is about Louis Chenevert, the former chairman and CEO of United Technologies Corporation. Before he was CEO of United Technologies Corp., he worked at General Motors for 14 years and then he worked for Pratt & Whitney in 1993. Chenevert earned a Bachelor of Commerce degree in Production Management from the University of Montreal École des hautes études commerciales (HEC). Presently he is Chairman of HEC Montreal International Advisory Board, and the founding director and chairman of the Board of Directors for the Friends of HEC.

Chenevert’s Successes with United Technology.

During his tenure at United Technologies Corp. he had overseen the design of many new engines and technologies that made UTC a force to be reckoned with in the engineering industry. Chenevert credits being passionate and eternally optimistic as well as being extremely focused for his reasons that his time with United Technologies was so successful. During his time at UTC, Chenevert helped take the airplane engine engineering monopoly from Rolls Royce with their design of the new Gulfstream G500 and G600 engines. They also managed to acquire Goodrich Aerospace, which was the largest acquisition at its time, costing 18 billion dollars.

Chenevert’s Vision for Success.

Louis Chenevert has a lot of entrepreneurial wisdom, that he was happy to share with the guys at IdeaMensch. One of the main ideas he shared was to put the right team together. A leader has to help the team overcome obstacles, while inspiring and appreciating them, and most importantly, never tolerate people who in aren’t in line with the agenda. People who don’t believe in your vision will drain your energy and the energy of the company over time. In fact, he regrets not paying more attention to interoffice politics.

Louis Chenevert in his vision, relied upon more than simply spending money. Above all, he focused on making sure those who are working for him are achieved their visions alongside the company. It was this idea that he credits for his success as an executive.

https://affiliatedork.com/how-former-ceo-louis-chenevert-helped-utc-become-a-global-force