Louis Chenevert is a businessman with a very accomplished résumé. He served as president and chairman of many different companies for the duration of his career. As of the now, he is retired and fulfills the position of exclusive advisor for Goldman Sachs.
Pratt & Whitney, an aerospace company, employed Louis after his time at GM. At the time of his recruit, the market was in bad condition, and the recession was in its prime. The company’s fate improved with the aid of Chenevert. As a culmination of Louis’s success with assisting Pratt & Whitney, UTC (United Technologies Corporation), sought him out. UTC is a parent company of Pratt & Whitney.
Chenevert was elected Chairman of UTC and the title of CEO shortly followed. Louis’s thinking was divergent when it came to outsourcing. Most companies were relocating business to countries where workers would work for less money. Louis did the opposite. He decided to move all production to the United States. By keeping all operations domestic, and in one centralized hub, there was no miscommunications.
The obtainment of Goodrich Corporation through the negotiations Louis made tremendously benefited UTC. There is still a lasting impact of this decision in UTC’s company today. Goodrich was a top rubber manufacter at the time. This was a shrewd business move, as it lowered UTC’s internal cost and made an overall stronger force.
With steady success, in the year of 2014, Louis handed over his title as CEO. The motive behind this profound decision was the desire to live a more tranquil lifestyle, after years of intense business. Louis currently lives his passions of designing and engineering. It seems as though every time Louis was involved with a company, they subsequently flourished, even under the toughest times. Chenevert’s impact is everlasting.