Louis Chenevert a Renowned Innovator in Aerospace Industry

Louis Chenevert is the former Chairman the senior CEO of the United Technologies Corporation. Louis became the CEO as well as the president in April 2008. Later on, he was elected to serve the chairmanship role in January 2010 where he worked in the two positions before he could retire in November 2014. Before that between April 1999 to March 2006, Louis had served as the Pratt & Whitney President. Previously before joining Pratt & Whitney, he had worked at General Motors for 14 years as the Production General Manager. In 2015, he served as the Senior Industry Advisor for Goldman Merchant Banking.

Since 2011, Louis Chenevert has served in the Cargill Inc. in the Board of Directors and became the leader of the Foundation of Congressional Medal of Honor. Louis had a profound influence on every organisation he has worked with. Now that he is retired he spends his time serving as the exclusive mentor for Goldman Sachs and also pursuing his interest. When he was working as the chairman of UTC, he rapidly ascended to CEO level. Even when the economy was declining, he made a chain of improvement that prevented the company from making losses. The major strategy that he undertook was disregarding the conventional wisdom that surrounds outsourcing. While many companies were outsourcing their employees to cut cost at the time and moving production to the nations that were ready to work for less money, Chenevert chooses to relocate production into the U.S. instead. He reasoned that most cheap work would create cheap products with low quality. He proposed to move workers and engineers to a central location with a purpose of putting all the workers and top minds in one concentration where they could focus on resolving problems together. It made it more efficient as compared to having numerous divisions dispersed across the nation. During his leadership, UTC Company managed to make even more profit during the worst period of great recession.

Possibly, one of the greatest achievements that Louis made was the planning of the attainment of Goodrich Corporation. He spent a whole year discussing, negotiating and overseeing the purchase until they reached an agreement. His leadership, perseverance and intelligence have made him be considered the aerospace industry captain.

https://www.dailyforexreport.com/louis-chenevert-leadership-investment-innovation/

https://www.bloomberg.com/news/articles/2015-09-08/goldman-sachs-hires-former-united-technologies-ceo-chenevert

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