Louis Chenevert is the former Chairman & Chief Executive Officer United Technologies Corporation. In April of 2008, he was appointed to be the President & Chief Executive Officer and the Chairman in April of 2010. By November of 2014 he retired after a long and successful career as an executive. Before he held the top positions at United Technologies Corporation, Louis Chenevert served as the President and Chief Operating Officer and Director beginning in March of 2006. This experience allowed him to establish himself as a leading executive in the technology sector.
The idea for United Technologies came from a number of key executives and a strategic small group. These individuals had a firm understanding of the customer needs and a passion to help provide a number of top products in a 30 years cycle. With this approach, there would be a lot of change along with completing acquisitions that would make a portfolio stronger.
This approach would bring a number of things such as the F135 engine sole source position which would change the military propulsion segment. Following this approach also helped the GTF engine development that would result in a 20% better fuel burn, a noise reduction of 50% and also 30% fewer parts that would result in a lower cost of its entire life cycle. Using this approach would also result in leveraging the new technology key airplane in the narrow body segment known as the Airbus A-320.
In order to bring the key ideas to life, Louis Chenevert said that when he joined UTC, he focused on operational talent and the engineering process. This would be important to devising and providing ideas that would produce the best possible results for consumers. They would also help gain more revenue and increase profit momentum as well. Chenevert would also focus on small teams that would entail better leadership in operations as well as taking advantage of the tools, funds and flexibility to make evolutionary new products. The process would also include a review to make sure that all objectives get achieved on a consistent basis. Following this approach would ensure that the company stay ahead of its competition as well as meet market demand.