DATE: January 8, 2018
Over the years there have been a multitude of industries that have struggled to keep their ground let alone be able grow in the ever changing global economy. One industry saw a particular rise during the second world war, but after the delicate peace was struck, industrial manufacturing seemed to fall to the wayside.
One of the largest industrial manufacturing companies has managed to continue to grow throughout the economical ebb and flow that is the global economy, United Technologies Corporation. UTC is a multinational conglomerate that is headquartered in Farmington, Connecticut. Much of the recent success of UTC is due to the former CEO, Louis Chenevert, a Canadian born man who would one day lead the company to see some of the best growth in one of the toughest economic times.
Louis Chenevert was educated at the HEC Montreal, a school of business that is affiliated with the University of Montreal. He earned a bachelor’s degree in business administration in production management while at university in 1979. Additionally, in May of 2011 Louis would also received a doctorate honoris causa from both HEC Montreal as well as Concordia University.
His career began at General Motors, spending fourteen years with the company, rising to become a production manager. In 1993 he would leave General Motors for a UTC owned business unit, Pratt & Whitney.
After six years working for Pratt & Whitney, Louis Chenevert would become the vice-president of the company and then the president of Pratt & Whitney. A few years later, in March of 2006 he would join UTC as the CEO, president, and director.
When Louis Chenevert stepped in as the president, CEO and director of UTC, it was during one of the most difficult times in recent economic history, during the subprime recession. It was during this time that many businesses across all sectors would fall into ruins.
Louis Chenevert has always been a kind and passionate man which is part of what caused him to see the intelligence in investing into the employees of the company, even relocating thousands of workers from a low-cost neighborhood to Connecticut, enabling UTC to diversify its research and development projects.
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