Louis Chenevert is prominent Canadian businessman who has been in the business sector for a number of decades. He is among the most successful business executives of our times. United Technologies Corporation hired him in 2008 as their CEO. UTC is one of the biggest business conglomerates in the world. It is made up of a number of multi-billion companies. UTC is popular for the production of jet engines. It is the number one producer of the efficient geared turbofan engine. This engine was invented when Louis Chenevert was the CEO.
Chenevert started the production of Geared Turbofan Engine when he was the President of Pratt & Whitney and only finished it when he took office as the CEO. He knew that the engine was going to be a big business winner for the company. Knowing this very well, he decided to keep away from naysayers who said the project was too expensive. Louis Chenevert proved them wrong when he managed to create the engine which is now making the highest profits for the conglomerate. Pratt & Whitney is making profits consistently throughout the year because of the contribution of Louis Chenevert.
Before he was appointed CEO of UTC, Louis Chenevert was the President of Pratt & Whitney. He had managed to impress with his good performance that he was given the position of CEO at UTC. Using his experience in production, he had managed to change the industry by concentrating on the efficiency of the production systems.
Louis Chenevert believes that as long as the production department is underperforming, no success can be registered in that firm. He made sure that production of jet engines in the company was taking less time. When he joined the company, production of one jet engine was taking about 2 years. He was not pleased by this duration. He put in place measures which lowered the production time to 9 months; this was a great improvement in the efficiency of production.
Louis Chenevert is an experienced production manager who holds a degree in Production Management. He has been using his knowledge about the industry to make changes that will boost production in companies he is working for.