Louis Chenevert is a Canadian businessman who was the CEO of United Technologies Corporation (UTC). Before working for UTC, he served with General Motors as its Production General Manager where he spent 14 years before he went to work with Pratt & Whitney Canada. After six years with the company, he became its president but soon became the Chairman for UTC. Eventually he became the CEO of the company before stepping down and moving on to work with Goldman Sachs in its merchant banking division.
While working with UTC, as its CEO, Louis Chenevert got a lot done and helped the company to make some large gains during a time of recession. One of the biggest deals he made while with UTC was the acquisition of Goodrich, which people still talk about to this day. It took lots of time and patience on the part of Mr. Chenevert to finalize the deal, and he spent over a year negotiating the $18.4 billion purchase. Second to this deal was a side project that he focused on with GTF, which zeroed in on developments that allowed jet engines to be able to deal with high heat better. His work helped UTC to live up to a commitment it made to put its money where its mouth was by investing in cutting edge tech. This deal, to this day, still makes UTC a good amount of its yearly income and helps to support the economy of the United States in the process.
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Louis Chenevert also improved UTC and the world by turning the company towards environmental investments that help to reduce their own carbon footprint, reduce greenhouse gases, and by ensuring that UTC’s factories cut down their water consumption by more than one half of what they were using before. To continue the work that Mr. Chenevert did, UTC is still building some of the most advanced aerospace systems, heating units, refrigeration units, air conditioners, and and advanced jet systems in the world. The company also continues to stay on top of all of the industries it is invested in by offering its own employees a scholar program that pays the fees for them to earn a degree. See This Article for related information about Louis Chenevert.
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