Louis Chenevert is an internationally-known business leader due to his innovative thinking and ability to successfully lead companies, even in unfavorable circumstances.
graduated from the University of Montreal’s business school HEC Montreal with a bachelor’s degree in production management.
Chenevert began his career working at General Motors after graduation. He spent fourteen years working for the company and eventually became production general manager. This position gave him experience in not only production and manufacturing but leadership as well.
In 1993, Chenevert left General Motors to work with Pratt & Whitney Canada, a Canada-based aircraft engine manufacturer and subsidiary company of United Technologies Corporation. While working for Pratt & Whitney, Chenevert assisted the company in improving their processes and increasing profitability despite the less-than-favorable economic environment at the time. Chenevert was named the president of Pratt & Whitney in 1999.
Chenevert was elected Chairman of United Technologies Corporation, also known as UTC, in 2006
. After only two years with the company, he rose to the position of President and CEO in 2008. This is where he was able to put his incredible knowledge to use
. Despite a major economic recession, he managed to improve the company’s procedures and protect profitability. UTC’s share prices
increased from $37 to $117 during a time when most manufacturer’s profit margin was falling drastically.
One of the most important decisions Chenevert made during this time was to move engineers from Canada
to company headquarters in Connecticut rather than outsourcing productions as most companies at the time were doing.
Through Chenevert’s leadership, UTC acquired aerospace manufacturer Goodrich Corporation in order to reduce production costs. He spent a year planning and negotiating the agreement to purchase the company for $18.4 billion.
His innovative contributions to the aviation industry earned him the title of Person of the Year by the Aviation Week & Space Technology magazine in 2011.
Chenevert surprised many when he announced his resignation
as CEO in 2014. Today he is partially retired and works as an exclusive advisor for Goldman Sachs.
Experienced people in the marketing world can tell you that Millennials have perfected the art of avoiding commercials. This creates a tricky situation for brands that target these young people. For instance, in the past, it was possible to advertise beer brands during a Superbowl or a sporting event. However, we can all agree that this won’t be as effective as digital ways of advertising. Just the other day, we witnessed the US Beer Championship, and one thing emerged. The event is no longer a US affair as it attracted judges from the United Kingdom, Canada, and the United States. At the end of the day, Belize won a Bronze medal while the silver medal was carried by Italy. In this event, the nation that surprised many is Canada which won a total of 24 medals. Of the 24 medals, 10 were gold, and they carried the day for Berliner-Style Weisse, Vegetable Beer, and Fruit Beer. This means that Canada is having a say in the craft beer industry. This has been made possible by the talented brew masters in Canada such as Eli Gershkovitch. For starters, Eli Gershkovitch is known for his involvement with Steamworks Group of Companies as the chief executive officer.
During the just concluded Open Beer Championship, Eli Gershkovitch emerged as a force to be reckoned with. He made sure that craft beer from Canada was on the map. He has dedicated his life to this craft for the last 22 years. He started this venture in his hometown of Gas in a time when people cared little about craft beer. He says that when he began this craft, business was a bit complicated. The young were not interested in the newest independent brew like today. He remembers that the industry used to be owned by the likes of Budweiser and Coors. Brewing companies such as Guinness came later (http://www.calgaryherald.com/Steamworks+owner+Gershkovitch+awarded+registered+trademark+Cascadia+2006+after+seven+year+dispute+with+Granville+Island+Brewing/7612614/story.html). Eli Gershkovitch says that before he established his first venture, he decided to travel to Europe to learn the art. The only place that he could successfully do this was Heidelberg, Germany. By the time he returned to Canada, Eli Gershkovitch was a changed man who knew what he wanted with his life (MontrealGazette).
More about Eli Gershkovitch on Twitter | LinkedIn
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