One of the greatest lessons in business is learning from the success and mistakes of others. People who have been successful in business offer motivation and inspiration to upcoming entrepreneurs who would love to record the same kind of success. Canadian businessman Louis Chenevert is one of the people who have an inspiring story. He managed to become the head of one of the biggest conglomerate businesses in the world known as United Technologies Corporation (UTC).
He was appointed the CEO of this company in 2008 and led for 6 years until 2014. In his time in office, some great achievements were achieved. One which marks his brilliance as a businessman is how he steered the firm during the financial crisis of 2008. While others were suffering huge losses and others even collapsing completely, UTC was still in good financial books, making huge profits.
The difference between UTC and other companies was Louis Chenevert. He led the company with dedication and commitment to succeed. He did his work eyeing both short-term and long-term goals. He did not disappoint people who were looking up on him. Both the workers and shareholders of the company were pleased by the success which the company recorded in the worst time in the history of financial crisis.
Going back to his early life, Louis Chenevert realized what he wanted in life at a very young age. He took his steps towards realizing the dream he had developed. At the university, he pursued a degree in Production Management from Montreal University. With his degree, he secured a job at General Motors as a production manager. He worked with this firm for the next 14 years.
In 1993, he made a switch to the aerospace which was closely related to the auto industry in terms of operations. He first worked with the jet engine manufacturer in Canada known as Pratt & Whitney Canada. After some time, his performance as a manager was impressive, and he was taken by Pratt & Whitney USA to be executive president of the firm. He quickly impressed in his positions until he was finally appointed the CEO of the whole company.