Louis Chenevert: An Aviation Industry Innovator

In today’s competitive business world, it takes a special person to not only stand out from the competition, but to also produce amazing results within their industry. This has been especially true in the aerospace industry, where tough economic times in recent years have made it even more difficult for companies to succeed. However, while many industry leaders faltered along the way, Louis Chenevert brought new and exciting ideas to the industry. As a result, not only has he been able to transform United Technologies Corporation into a company that sets the standard for success, but he himself has garnered awards such as being named Person of the Year by the prestigious trade magazine Aviation Week and Space Technology.

While Louis has worked at various major worldwide companies such as General Motors and Pratt & Whitney, it was his work at United Technologies Corporation that truly set him apart from other business executives. As the company’s CEO and Chairman, Louis headed the company during one of the most tumultuous economic times in world history. However, rather than accepting the possibility of failure, Louis instead introduced new ideas and policies that allowed the interests of customers, shareholders, and others to remain a top priority.

Using the knowledge gained through years of business executive experience as well as through his Bachelor’s degree in Production Management, Louis took on the challenges faced by UTC and was determined to succeed. For starters, he chose to ignore what was then the industry standard of outsourcing production and offshoring wholesale policies. Instead, he continued to invest in the company’s workforce and technology, making the company stronger by helping it lead the way in innovation. Emphasizing military and commercial contracts, UTC was able to avoid mass layoffs of engineers, keeping it well ahead of the competition. And even more impressively, while CEO of UTC, share prices rose an astounding 200 percent, going from $37 to $117.

Demonstrating time and again a unique ability to overcome the most complex challenges in the business world, Louis Chenevert has indeed proven himself to be an executive with amazing business abilities. He is currently an exclusive advisor at Goldman Sachs.