Louis Chenevert’s Mastery of the Aircraft Business
The Canadian businessman held the highest executive office at the United Technologies Cooperation (UTC) and left an enviable legacy. Six years of service at Pratt & Whitney Canada, an aerospace manufacturer, was enough to propel him to the presidency of the organization that is a subsidiary of the UTC. His patience at UTC paid the most when he was able to land an $18.4 billion deal after spending a whole year in negotiations. This resulted in the merger of UTC with Goodrich who specialized in supplying both the defense and aerospace industry with systems and services. He ensured that UTC kept on creating manufacturing jobs through its investments in high-quality technology products.
HEC Montreal, his old university, acknowledged his great achievements by awarding him an honorary degree. Environmental friendly designs have always been at the heart of all the innovative projects of UTC. Chenevert knew this well enough and never failed to mention it every time he marketed their products. All of the company’s facilities had to reduce their water consumption by 53%. The emission of greenhouse gases also had to be significantly dropped. General Motors were the first employers of the production management student. As he left the company fourteen years later, he had risen to the position of production manager.
Louis Chenevert has not spent that much time in a single company ever since. Pratt & Whitney extended his work experience from vehicles to aircraft. Here, he had the rare opportunity of being involved in the creation of engines for military aircraft. Louis conceptualized the geared turbofan engine although it did not receive much support at the beginning. Its cost seemed to scare a lot of people who did not like the idea of sponsoring someone’s pet. When it was used in the Airbus A320NEO, Pratt & Whitney’s place in the aircraft industry was firmly established.
His resilience and never say die attitude made this possible. Chenevert’s significant accomplishments at UTC came during the recession. Most of them were a result of his investments in technology and his workforce. Louis has over the years learned how to go about the aircraft business subtly, and he has made good use of his knowledge.