The success of an individual is determined by their strength to overcome the hardships that life will present along the way. Success is not for the faint-hearted, it is for the people who are ready to make a difference in their life by doing whatever it takes. Most things sound like a cliché, but the truth is they don’t just work because people don’t practice it.
Louis Chenevert is among the people who investors can seek inspiration from to make a difference in their career. Chenevert created a legacy by transforming the United Technologies Corporation to the biggest profit making firm in the USA during the financial crisis. He did not follow what people thought was right to do at the moment, he thought about what was right for the future of the company, and even though most firms did not take risks that he took; he made it.
When Louis Chenevert got the CEO position of UTC, the state was going through a recession period. Many firms were closing down, and for those companies that were lucky to remain in business, all they wanted was to get past the recession period. Some conducted layoffs while others got the idea of moving their production units to other nations.
Louis Chenevert had a different style of getting past the financial crisis. To begin with, he had in mind that he could eventually need the employees to evaluate the plans he had for UTC. He moved the engineers who were in exhausted sites to other places where their skills were required.
The other thing that Louis Chenevert did was to help the UTC secure their future. He led the firm to invest in the future. He saw this as a strategy to safeguard the future of UTC and the USA. His approach was well-thought because today, UTC is expected to employ 25000 more employees in the future.
Lois Chenevert was the acting executive chief officer and also chairman of United Technologies Corporation. He had started working after he was selected in 2008. He acted as the president and chief Executive officer and two years later became the organization chairman. He was serving until his retirement period when he stepped down in 2014. Edward Kangas is the man who replaced him after retiring. In the early career, he served as Pratt & Whitney president from 1999 to 2016.
He was working for 2015 to 2017 in Goldman Merchant Banking as their Senior Industrial Advisor. He also represented Board of Directors from 2011 in Cargill Inc. He also acted as Yale Cancer Center as their chairman which is an American Institution that has been dealing with Astronautics and Aeronautics after he was inducted in 2005.
He attended HEC and attained a Bachelors degree in Commerce after majoring in production management. He later went for Doctorate Honorary where he was awarded from Montreal University in 2011. He is serving as the chairman of HEC which is an International Advisory Board where he is also the chairman and also a founding director at HEC friends.
United Technologies is from an idea that came from having a passion in delivering game-changing products which is a 30-year cycle of the product. Even though, many of the ideas had come from smaller strategic groups and other key executives. They approached by driving the profound acquisition which was to strengthen the portfolio.
What was ahead of him is to ensure that the ideas came to life. Having engineering and operating talent was what it all required to deliver the ideas so that they could give results which were beyond what the customers were expecting. Having an intense review was a necessity so that to give assurance of achieving the key objectives.
There is a trend that has been exciting him. It is all about technology and the speed that it is moving because it keeps creating opportunities which help in the acceleration of the company’s momentum for a better future. If you are an entrepreneur, he always encourages people to get the right team so that it will help them overcome obstacles. To ensure what they are risking is getting a reward.