United Technologies Corporation (UTC) is a successful firm with a prime focus on the future, a strategy, which has helped them earn a high profile in international business. This is primarily attributable to their former chief executive officer, Louis Chenevert. Currently, Gregory Hayes serves as the chairperson and chief executive officer of the firm and observes that continuous and consistent investments, holding the future into consideration have helped the enterprise stay ahead and alive.
Notably, Louis Chenevert served at General Motors for more than a decade. While there, Chenevert served as the production general manager. Subsequently in 1993, Pratt & Whitney, which is an aircraft engine manufacturer employed him. Due to his excellence and able leadership, the unit performance of the entity rose greatly which propagated his appointment as the president of the entity in only six years. He later joined the United Technologies Corporation in 2006
as the chair and CEO. UTC is a firm, which is involved in research followed by manufacture of top-notch technology products. The company participates in various technology-oriented operations such as assembling unprecedented jet engines required for both military and commercial use. He stepped down as CEO in 2014
, and began working as an exclusive advisor for Goldman Sachs in 2015.
Moreover, UTC plays a prime role the air-conditioning and refrigeration industry as well as the production of flight controls, sensors among other tools, which are used in the aerospace system. For that reason, United Technologies Corporation required the expertise and leadership of a fruitful and experienced business leader such as Louis Chenevert. He has substantially helped the corporation set the industrial standards through its extraordinary performance. On his appointment, Chenevert facilitated the elevation of UTC to the next business level. It was through his stringent focus and dazzling imagination, as he later revealed, that helped him make such impeccable strides.
Louis Chenevert, while serving as UTC’s CEO, successfully managed to substantially increase appreciation in the shareholder value by approximately 200 percent. Chenevert explained that by serving the commercial and military needs satisfactorily, UTC is able to engage and serve continual business which helps it shelter itself from the usual business cycle swings of the market. Further, Chenevert was able to help in the acquisition of Goodrich successfully. The acquisition went down world history as among the biggest aerospace deals in the American history.