Nevertheless, some companies like United Technologies Corporation managed to stay on top of the game without shutting down or reducing its rate of production. The company based in Hartford, Connecticut was even highly valued at the time with an estimated worth of $63 billion. The company was able to successfully implement the interest of their clients and shareholders all at the same time which was majorly the main reason it was able to remain afloat. The main man to take credit for all this is the then CEO, Louis Chenevert.
Louis came up with ways that ensured UTC was unshaken from the market and that it remained the best aerospace products developer. The means implemented by Louis were also totally fair, and the company did not have to move from where it was located. The then workers were also properly enumerated which motivated them to even work harder.
During that time, the company remained to be the world’s greatest assembler of the best and most complicated engines for war jets and passenger flights. To date, the company is still the best producer of helicopters. While Louis was the CEO, UTC was also the largest producer of lifts and escalators. UTC also started producing climate control products, smart firefighting equipment, and refrigeration equipment.
Louis Chenevert is a decorated player in the aviation industry having been named person of the year by the biggest aviation magazine in the US, Aviation Week, and Space Technology. In his career, Louis has worked for reputable companies like Pratt and Whitney’s where he worked for the Canada branch for six years before later being made the chairman of the US division, General Motors, and UTC. He currently serves as an advisor to the Goldman Sachs Merchant Banking Division. Louis was also the Vice-chair at the Executive Committee of the Business Council.
Academically, Louis Chenevert has been successful, and he holds two degrees. His first degree was attained from HEC Montreal which is a constituent of the University of Montreal’s School of Business. In 2011, he was awarded an honorary doctorate from the same school.