Contribution of Louis to the Success of UTC
After landing an appointment at the management level of UTC, Louis started pursuing his goal of steering the firm to the greatest levels. Through dedication and imagination, he achieved his goal. He attributes his accomplishments at UTC to his ceaseless will to invest in the technology and future. During his tenure, UTC’s share price rose from $37 to $137, signifying a 200 percent increase. Due to its exceptional financial success, it emerged as the most profitable company in the U.S.
Awards and Recognition
Louis Chenevert has bagged several highly coveted awards due to his excellent professional success. In 2009, he received a prestigious accolade from the National Building Museum after securing a high-profile post at UTC. HEC Montreal awarded him an honorary doctorate in 2011. Towards the end of the same year, his name appeared on the Space Technology magazine as the “Person of the Year.”
Details on Louis Chenevert
Louis was the CEO and Chairman of the celebrated firm called United Technologies Corporation (UTC). He took up the post of CEO and president in April 2008, and in January 2010, he ascended to the position of chairperson. From March 2006, Louis was the operations manager and president of UTC. He also doubled up as the director of the company. Before starting his exciting tenure at UTC, Louis oversaw daily managerial affairs at Pratt & Whitney as the president between early 1999 to early 2006. Additionally, Louis added to his resume 14 years of expertise of working for General Motors.
For many years, Louis has been part of Business Roundtable’s Management Committee. In this committee, he acts as the chairperson of the Fiscal Policy Committee. He also belongs to the US-India CEO Forum. The Yale Cancer Center has registered fast-paced growth, with Louis serving as the chair of its advisory board.