Louis Chênevert is the former CEO of United Technologies Corporation. In his position as the head of this company, he left a track record of good results. He managed to take the company through the global financial crisis of 2008. He was appointed as CEO in 2008 and served up to 2014. In the six years, the company did not make losses like other businesses, Louis Chênevert managed to keep the company afloat by ensuring that some of the businesses under the conglomerate were doing well. Pratt & Whitney is one of the business under the conglomerate. This business performed very well during his time. In fact, before he was promoted to the position of the CEO, he was the President of Pratt & Whitney.
The modifications which Louis Chênevert had made to Pratt & Whitney while he was the president were the reasons the business did not collapse during the financial crisis. In the duration that he was in the industry, he made sure that he created an invention that would drive growth in the company for years to come. He was the one behind the idea of the Geared Turbofan engine. The turbofan engine is currently the best jet engine. With is efficiency, it is saving on fuel plus causes less pollution to the environment.
Louis Chênevert holds a degree in production management which is the reason he has managed to lead the industry with such great efficiency. He knows that the production department determines if the other department will succeed. When the production is efficient, a company is key to make more profits and this what happened to UTC and other businesses he has worked for.
The fact that Louis Chênevert has achieved all this proves that everyone can succeed with the right mindset. From a young age, he always wanted to be a successful businessman. He took every initiative that was he could manage to fulfill his dreams. Since he was born from a humble family, he made sure that he worked hard so that he could earn his rightful position in the society. His dreams seem to have come true through the position he held at UTC.