Louis Chenevert could be considered a modern day Andrew Carnegie or Henry Ford due to the way he helped United Technologies Corporation put out aircraft engines, commercial HVAC systems and many other patents at a rapid pace. He is now retired after nearly 40 years in manufacturing, but he is able to look back on his career and say the job is well-done. Chenevert sat down with the editor of Ideamensch to take a look back over his career.
Chenevert brought up some of UTC’s major aircraft engine models that came out like the F135, the GTF, the Gulfstream G500 and G600 and buying out models at Goodrich aerospace as some of his biggest accomplishments. He was asked about how ideas were formed at UTC and he said he was able to have small groups used effectively to compartmentalize them and then later roll them out. He says companies can be most productive if the focus is always on the objective and stays away from “internal politics” or other distractions. And Chenevert says who you surround yourself with and how you treat your customers will be reflected in the kind of company you run.
Louis Chenevert is Canadian-born though he currently resides in Hartford, CT and has made his biggest career accomplishments in the US. He got his business degree and later his doctorate at the University of Montreal. He started out as the operational manager of a production plant for General Motors, and then moved to a better paying position at Pratt & Whitney, a subsidiary of UTC located in Canada. He became the vice-president of operations and then president for the next eight years there.
Louis Chenevert moved to UTC in 2006 as its chief operating officer and two years later became its CEO. The company grew its contracts both in commercial and military aircraft development, and its stock also has remained strong over the years and shareholders have never seen defaults on dividends paid to them. Chenevert won several awards during his time there including the 2010 Pace Award for Leadership in Business Ethics and the 2060 FDNY Fire Commissioner’s Humanitarian Award. Though Chenevert is retired, he does act as a part-time advisor for the Goldman Sachs merchant banking branch.
Interesting development in the aerospace sector: https://t.co/9xzKKNQ3sH
— Louis Chenevert (@louis_chenevert) February 20, 2018