The Canadian businessman, Louis Chenevert, had much success at United Technology Corporation. United Technologies Corporation is a company that has managed to outlast the post-war manufacturing bubble burst. It is doing well despite foreign competition. United Technologies is an aircraft, aerospace systems, HVAC, elevators, escalators, fire and security, interior building systems, and industrial goods. Louis Chenevert has been elected to the role of President and Chief Operating Officer at United Technologies Corporation since March 2006 until December 8th, 2014. Chenevert was working on assembling jet engines, which were more advanced than what was previously worked on.
UTC worked on the geared turbofan engine or GTF. This engine is a major advancement in technology for the aerospace industry because of a reduced noise level by 75%. 14 existing airlines are using the GTF engine on 72 planes. Prior to his work at UTC, Chenevert was working at General Motors for 14 years. Chenevert has a bachelor’s of commerce degree from the Université de Montréal, École des Hautes études commerciales (HEC). Another important feature of the GTF is that it’s design makes the fan turn slowly while the turbine turns fast from decoupling the low-pressure turbine. Chenevert spent 2011 developing advanced materials that let the engine burn hotter.
UTC has invented the most advanced jet engines in the world. UTC also produces the most helicopters out of any company in the United States that still does its manufacturing on American soil. Chenevert helped stock at UTC rise from $37 to $110 in 2014. Demand in the military world and the aerospace world follows different cycles of need. UTC generates both revenues and returns. Chenevert’s leadership of UTC was inspired by imagination, which leads to employees being excited about their jobs. Chenevert’s leadership was outstanding at UTC. UTC is about both discipline and imagination as part of its’ company environment. Chenevert simply knows how to do what works for UTC in order to manage the business.