Chairman of UTC – Louis Chenevert

Louis Chenevert is a chairman at United Technologies Corporation. He holds many years of experience in leadership positions. He is a business graduate from the Université de Montréal, École des Hautes études commercials (HEC) where he gained his business management and production skills. He has served in numerous committees such as the Business Roundtable, the Business Council, among others. This makes him a respected member of the business community.

In his recent article, Louis Chenevert advises business owners on the ways to improve businesses through investing in its employees. This is because human interaction is crucial in the overall success of an entity He holds the belief that external recruitments result in the loss of employee motivation while increasing operation costs.

It is thus advisable that top positions be filled by internal employees with experience in the business operations. Employee growth is essential in motivating increased productivity levels.

Louis Chenevert highlights the importance of improving the workplace environment to ensure that employee needs have been met. This can be through various ways such as lunch breaks, less work drama, and office politics. Hardworking employees should also be offered an incentive to continue with their high productivity.

If the business requires special skills, rather than hiring externally, taking employees through the programs at an extra cost would be more efficient. Employee scholar programs might be expensive but in the long run, benefit the organization.

Team building is essential in the smooth operation of a business. This is because, with increased teamwork, people can efficiently work towards a set objective. Louis Chenevert leads by example by ensuring that employees at United Technologies Corporation engage in many team building exercise.

With increased technological advancements, human interaction is limited, and thus there might lack synergy in operations. Louis Chenevert leads an organization responsible for changing the work environment through the use of technology.

He has been responsible for the rapid growth rate of the company since he was appointed as Chief Executive officer and advises businesses to be ready for a change. Looking into the future, there are various doubts on the viability of investing in employees, but Louis Chenevert is of the opinion that there needs to be human touch in innovation to sustain a business.

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

Louis Chenevert Announces Retirement From UTC

Canadian businessman Louis Chenevert is an executive and businessman who has spent most of his professional life in the aeronautics and production management. Born in Quebec, Chenevert know from a very young age that he had a mind for business. His passion helped him become one of the most prominent businessmen in North America.

After graduating from HEC Montreal, he began working for General Motors in Quebec. He worked there for 14 years and learned everything he needed about large-scale production. In 1993, he switched from the auto industry to the aerospace. Manufacturer Pratt & Whitney were in dire need of a change in leadership. He made the move to the company’s Canadian branch.

Chenevert made a huge statement with his work at Pratt & Whitney. Even though the economy was not in the best condition, Chenevert made a number of improvements that shielded the company from hemorrhaging profits. While many other companies opted to outsource work, Chenevert moved production to the United States. Employees worked from a centralized location, which made Pratt & Whitney’s operations far more efficient.

His greatest achievement was the acquisition of the Goodyear Corporation. Goodyear, which previously made one of the largest tire manufacturers in the world, was now in the aerospace business. In 2011, Goodyear, and all of its stock, was purchased by UTC at a price of $18 billion. Once Goodyear was absorbed into the company, the would become UTC Aerospace Systems.

In 2014, Chenevert announced his retirement as CEO from UTC. A number of people questioned the decision, especially after all the good works Chenevert had accomplished. Chenevert said he simply preferred living his life in semi-retirement. He did join Goldman Sachs as a financial adviser.

In 2011, Chenevert received the doctorate honors from HEC Montreal. He also received the Honor Award from the National Building Museum.

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