Born and raised in Canada, Louis Chenevert is one of the prolific entrepreneurs in the country. He has been one of the most proactive business persons with an experience of many years. Contribution to his knowledge in the entrepreneurial world, he studied Business Administration Degree in the University of Montreal- a university known for majoring purely on business. He later garnered two Doctorates in the same university in 2011 and another in 2014 at Concordia University.
Louis Chenevert has worked for numerous prestigious companies throughout his life that has made him gain the wealthy experience he has now. He worked as a production manager in General Motors for over ten years. Later in 1993 he joined Pratt & Whitney where he worked in two distinguished positions- he was the vice-president for quite some time and later was appointed as the company’s president. After his term in the company he moved to United Technologies Corporation where he worked for quite some time. In the company, he was the president, chaired the Board of Directors and was later promoted to be the Chief Executive officer.
While working in United Technologies Corporation, Louis Chenevert was a board member at Cargill Inc. He worked in the company till 2014 where he was later to be an Advisor at Goldman Sachs in the Banking department. His enthusiasm to work has made him well known as an expert in the finance and banking sector. In the company, he will be the one in charge of overseeing the various open opportunities as well as offering advisory services.
Currently, Louis Chenevert sits on the helm at Yale Cancer Advisory Board and also chairs the board of directors besides Co-Founding United States Friends of HEC Montreal Foundation. By yielding success in several companies, he has garnered several awards in his life. In the National Building Museum, he was presented the Honor Award in 2009. Later in 2011, he was named as the Person of the Year by Aviation Week & Space Technology. Additionally, he bagged the Distinguished Service Award from United Service Organization in 2013.
Success in the corporate world takes long before it comes to pass. There are very many experts in the field, which makes it very competitive. Time is needed to learn and practice skills. One way to learn is by studying the business habits of the pioneers in the business field. Here are some tips we can learn from the great Louis Chenevert;
Nothing is obtained without any effort in the world. Louis Chenevert says that this is one trait that has contributed to the person he is today. In UTC as the CEO, he worked to boost his innovation and creativity to accomplish his goals. It is important to avoid other distractions that may come along the way that may deviate you from your goals.
Most companies don’t fail to accomplish their goals because their strategies are wrong. They fail because they choose the wrong team. You need a team with the right skills. When other firms were cutting on their production cost through layouts, Louis Chenevert retained his engineers by moving them to a location that their input was needed. He also felt moving the plant of the company to a country where services were cheap was a bad idea. Chenevert says that you have to know that all your plans will only come to reality if you have a solid team to make sure they are implemented.
The current CEO of the firm is following the footsteps of Louis Chenevert. He has retained the program that allows the employees of UTC to acquire the degrees of their choice.
Not everyone will be happy with your success. There is a group of people that will always be against the ideas that you project. Focusing on them only delays with your success or ruins it. It is, therefore, vital that you learn to ignore them and move forward with the people who are ready.
Louis Chenevert says that this is the single thing he could learn to deal with as soon as possible if he went back in time. He says that the internal politics of the company can be very destructive if not well handled.
Louis Chenevert is popular for being the former Chairman and Chief Executive Officer of United Technologies Corporation. Due to his hard work and dedication, he became the President and Chief Executive Officer of the company in April 2008. He later became the Chairman in January 2010.
Louis Chenevert voluntarily retired from those positions in November 2014 and that marked the end of an era. Before he became the Chief Executive Officer, he had worked in the company in different capacities. He has worked as a Chief Operating Officer and also served as a Director in the company since 2006.
Before then, Louis Chenevert served as the President, Pratt & Whitney for several years. In fact, he worked there from April 1999 to March 2006. Prior to that, he also worked as the Production General Manager of General Motors for 14 years. Here is the list of all the places he had worked apart from the ones mentioned above.
Louis Chenevert achieved another landmark in his remarkable career in 2005 when he was inducted as a Fellow of the American Institute of Aeronautics and Astronautics (AIAA). Talking about his academic background, Louis Chenevert obtained a Bachelor of Commerce degree in production management from the Université de Montréal, École des hautes études commerciales (HEC). In 2011, he later received an Honorary Doctorate from the University of Montreal.
According to one of his interviews, he said many of the ideas that propelled United Technologies forward were brought key executives of subunits in the company. In addition, what really drove the success were in-depth understanding of what customers wanted and an unquenchable passion to create aalife changing products within a 30-year product cycle.
A particular trend that excited Chenevert was how the speed of change in technology drove the company to greater heights. Most importantly, he is a highly successful man with a remarkable career. Only a very people have served in so many positions and did creditably well in all of them.