Canadian businessman Louis Chenevert is the former CEO of the United Technologies Corporation. He was appointed as the CEO of the firm in 2008 and served up to 2014. In his time as the CEO, he left a clean track record of performance. He is remembered for enhancing the operations of the company at a time when the world financial sector was in a mess. He steered company and made it profitable when others were closing down. His contribution to the aerospace industry will be remembered for many years since he was the one behind the invention of the geared turbofan jet engine that is sued in commercial and military planes.
Louis Chenevert joined the aerospace industry after serving for 14 years in the auto industry. He was the assembly line manager at general motors in Canada. He left with a record of making production efficient. The assembly line was producing one car in one minute. His abilities to boost production came from his line of education, in the university, he had taken up a degree in production management which enabled him to facilitate faster and efficient production in the companies he has worked for. His expertise in the auto industry would play a huge role when he joined the aerospace industry.
In the works for a while – interesting read: https://t.co/ZIU8n9b9Qa
— Louis Chenevert (@louis_chenevert) June 11, 2018
After making the switch, he joined Pratt &Whitney which is a subsidiary of United Technologies Corporation. P&W deals with the production of jet engines. As the production manager here, he influenced the production department to lower the production time of one jet engine from 2 years to 9 months. Louis Chenevert knew that efficiency would translate to better productivity for the company.
Louis Chenevert initiated the process of constructing the first geared turbofan engine while working for Pratt & Whitney. He would later be appointed the CEO of UTC even before completing the project. This, however, did not stop him from pushing for completion of the project. As the CEO, he facilitated the funding of the project to a tune of $10 billion. Although it was initially thought to be a bad business decision by critics, he proved them wrong since it is currently one of the best-selling products for UTC and a top profits creator.