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.
Louis Chênevert is a great Canadian businessman who is the former CEO of the United Technologies Corporation. His success in the business sector has been a result of hard work and commitment to working hard. Al his life, he knew that everything that he has to achieve in life must come through hard work. He was born from a humble family, and no one would give him a shortcut to the career he wished to have; he had to move from one level to the other. He never disappointed in showing passion for business and entrepreneurship. He knew that everything he wanted in life would be gained through commitment and he was determined to accomplishing exactly that.
Before Louis Chênevert joined UTC as the CEO, it took him years of showing what he really had in him. He worked for the different organization as a production a manager until when the time for him to take up the big job came. He started his career at General Motors. He stayed in the auto industry for 14 years. Here, he learned the basic and the most important reasons for creating an efficient productions system. One of the best things he did at GM was overseeing a production line that was producing a car every single minute. This is the kind of production system where precision is of high value. In case there is a mistake for one hour, there could be production of too many cars that will go into waste.
With the experience Louis Chênevert gathered from the auto industry, he was ready to make the big switch to the aerospace industry. His experience in the production department at GM was vital to his next job destination. He joined Pratt & Whitney Canada as a production manager. His role was to supervise the production of small jet engines. The Canadian factory was a subsidiary of the Pratt & Whitney from the USA which dealt with the production of big jet engines. As fate would have it, Louis Chênevert proved his value to the company, and he grew quickly in positions until he became the CEO of UTC. Pratt &White is one of the companies under UTC.