Louis Chenevert studied at Universite de Montréal where he earned his bachelor of commerce in production management. Since leaving university, Louis has had several prominent jobs. He joined general motors as his first job. He worked as a production manager for fourteen years after which he joined Pratt & Whitney.
In 1999 he was promoted to the president of Pratt & Whitney were served until March 2006. After this, he started working as a director at United technologies. He quickly advanced his career and became president and CEO in April 2008.
The Canadian businessman has also had several roles to play in different boards. He joined the board of Cargill Inc. In June 2011 and is still a member up to date. At HEC’s international advisory board of Montreal Louis Chenevert serves as its chairman. Apart from being the founder of Friends of HEC Montreal, he also chairs the board.
Many top managers have to come up with ways of improving their business performance. One of the commonly ignored factors that greatly contribute to business performance is the employees. Louis Chenevert was a wise leader who never looked down on the impact of his employees.
When serving as the president of United Technologies, he came up with a lifelong learning program for employees’.Under his leadership, the stock prices of United Technologies tripled up. The employee scholarly program he created was for any of his employee who wanted to achieve a degree in any field. The organization would then finance the employee’s full tuition bill.
The program saw that 39000 degrees had been achieved by the employees and the organization spent around one billion on this project. The project might have seemed like an additional expense to the company but Louis Chenevert knew that by educating the employees he was improving their skills.
By having new degrees in the company it would enable the company to hire or give promotions from within the company. Hiring from the company would reduce the training expense since the employees already know some information on the company.