When looking at the rise and fall of corporations over the year it is plain to see that one of the hardest hit industries has been industrial manufacturing. With the end of the second world war would also come a serious decline in the demand for many things that were once of a higher priority.
One of the largest industrial manufacturing companies has managed to continue to grow throughout the economical roller coaster that is the global economy, United Technologies Corporation. UTC is a multinational conglomerate that is headquartered in Farmington, Connecticut.
Louis Chenevert is the former CEO of UTC and was educated at the HEC Montreal, a school of business that is affiliated with the University of Montreal. He earned a bachelor’s degree of 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 of manufacturing and production began at General Motors, where he would spend 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 rise to the position of 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 chief operating officer, 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 development and research projects as well as enable their employees to have a higher reward level within the company.