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.