Louis Chênevert Working His Way Up the Ladder

Louis Chênevert is a successful businessman who, beginning at a very young age, realized that he had an interest in the world of business. Early on he also knew and understood that in order to be successful he would have to have a serious dedication to hard work.

After completely high school, Chênevert attended the University of Montréal where he studied production management. At the time, Chênevert’s ultimate goal was to help be an integral part of a business’s success and studying production management would give him the qualifications necessary to meet that goal. In his studies to become production manager, Chênevert learned how to ensure that quality products were being produced in the proper quantities all while trying to keep costs down, all of which are critical to a business’s success.

The first job that Louis Chênevert had after completely college was with General Motors where he was put in control of the assembly line. Chênervert held a number of positions with General Motors for over 14 years before he decided to switch career paths. In 1993, Chênevert joined the aerospace industry at Pratt & Whitney Canada, a smaller division of the larger company Pratt & Whitney, which is a company that specializes in aircraft engine manufacturing. After working for three years at Pratt & Whitney Canada, Chênevert became the executive vice president for operations of the larger company Pratt & Whitney. In just three more years’ time, Chênevert became the President of the company and is credited with making the struggling company profitable.

During his time at Pratt & Whitney, Chênevert had the realization that the geared turbofan (GTF) engine had the potential to be revolutionary in the aerospace industry. However, he put this thought into the back of his mind and he continued to work his way up the leadership chain. In 2006, he became the chairman of corporation and a director at United Technologies Corporation (UTC), and in 2008 he became the chief executive officer and president of the company. It was at this point that Chênevert decided to pitch his idea about the GTF engine to United Technologies Corporation, who has been dedicated to its development and improvement ever since.

Louis Chênevert retired in 2014, but, has been credited with a number of success United Technologies Corporation has seen. For example, because of him, UTC signed a $240 million-dollar contract with the United States Navy and, as of the time he retired in 2014, UTC’s stock had raised from $37 per share to $117 per share. There is no doubt that Chênevert’s realization that he would have to work hard played into the amount of success he saw throughout his career.

http://www.courant.com/business/hc-goldman-sachs-louis-chenevert-20150909-story.html

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