Discipline and Determination: How Louis Chenevert Kept United Technologies Corporation Profitable

The performance of the American manufacturing economy was at its low during the postwar era. However, not all firms have been affected. Some companies, like the United Technologies Corporation, have been able to put up brave faces despite the glaring obstacles.

UTC has managed to be on the frontline, owing its success to its creative innovations. Alongside all these innovations, the firm has a record of maintaining a healthy relationship with its employees. Under the management of former CEO Louis Chenevert, the company emphasized its need to have motivated staff in the workplace. As such, they ensure that the employees are treated equitably and also provided with a conducive working environment. UTC has a record of upholding and implementing all environmental rules.

The firm assembles the most advanced jet engines for use by both the military and commercial purposes. It runs the biggest escalator and elevator business. For efficiency purposes, the firm has split itself into units to provide faster and quality machines. The Sikorsky unit provides the highest number of the superior quality helicopter than any other company in the United States. The climate, control and security unit located in Connecticut–the company headquarters–is the leading producer of air conditioning, refrigerators, and fire appliances.

It is evident that the firm has had a long history in the manufacturing sector of the United States. To reach to its current point, it has taken dedication and hard work by all the stakeholders. One of the reasons why investors in this firm are always happy is that they have not missed any dividend payout for the last eighty years.

Louis Chenevert was appointed as the Chief Executive Officer of the United Technologies Corporation in 2006. Before his appointment at UTC, he served as the president of the Pratt and Whitney for seven years.

Mr. Chenevert also sits on the Business Roundtable Executive Committee as a member. He chairs the fiscal and tax policy in the roundtable. He has also served on various roles and responsibilities.

See Mr. Chenevert speak here:

Leave a Reply

Your email address will not be published. Required fields are marked *