Louis Chenevert's contributions at UTC.
Louis Chenevert was the chairman and the chief executive officer of the united technologies corporation[UTC]. He was born in the year 1958 in Canada. The united technologies corporation is a $63 billion company, with its headquarters in Hartford, Connecticut. The UTC is a company that deals with the research and manufacturing of high technology products. Louis became the president of UTC in April 2008 and chairman in 2010 through an election. In March 2006, he became the director of the corporation. Before then, he served as the president of Pratt and Whitney, from April 1999 to March 2006.
Louis Chenevert graduated with a degree in commerce from the Ecole des Hautes etudes commerciales [HEC]. The institution is a business school affiliated with the University of Montreal.
Success
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The environment contributed to workers' motivation hence making the company increase its productivity within the set timelines.
He also made UTC emerge as a leading center of innovations on the very land where it established without changing environments. The company was born, and it expanded and dominated the industry, while on the very ground where it started.
Louis Chenevert also ensured the company made more profits in the market when he was the president as compared to the previous years before he took over. Since becoming the CEO, UTC has seen its share-price increase from $37 to $117 a week, excluding the dividends pay-out. This development has helped the company rise to become one of the most profitable companies in the United States of America.
He also had hundreds of aerospace engineers moved from low-cost locale back to Connecticut. This movement of the engineers helped UTC to become flexible and smoothly operate in both the local and military market. No incidences of aerospace engineers' layoff have therefore