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Former CEO Louis Chenevert

Louis Chenevert is a successful Canadian businessman and a graduate of HEC Montréal. In nineteen ninety-nine, he was made Pratt and Whitney’s president, prior to that working for General Motors for fourteen years. In March of two thousand and six he was to be again honored with the position of CEO of United Technologies Corporation. He has even had a service working as adviser to Goldman Sachs in the industrial and aerospace sectors. He has had a highly successful career and has shown his skills to be above average in his field. (More: yachtingmagazine.com/louis-chenevert-horizon-yachts-P105-design.)

 

Many people today believe that the American industrial sector is a thing of the past. Something that has gone the way of the locomotive. However, a few manufactures have been able to exist and thrive still. United Technologies Corporation is one of them. Despite the indifference of pop culture and the crazy regulation of D.C. it still thrives. United Technologies Corporation is worth around sixty-three billion dollars and is found in Hartford, Connecticut. It has been able to thrive in Hartford despite its high taxation and has become a leader in the aerospace and the building industry. It does so even paying attention to environmental concerns and without paying low wages. United Technologies Corporation makes everything from elevators to helicopters. It is a remarkable thing that Louis Chenevert was able to make twice the returns as those on the stock market, even in Hartford. He has also helped to contribute to the seventy-year history of paying dividends. Visit This Page for additional information.

 

Things weren’t all smooth sailing for Louis Chenevert. He and United Technologies Corporation were hit with one of the worst economic disasters, the two thousand and eight great recession. Louis Chenevert, thrived in the challenge and so did the company. His tenure saw the stock price go from a modest thirty-seven dollars to one hundred seventeen per share. Chenevert,  also reorganized and streamlined the business. For example, he grouped the elevators, escalators, and air conditioning departments and packed the comprehensive serves to builders. He also did what few other companies were doing at the time, he brought jobs back to America rather than outsourcing.

 

See Also: https://affiliatedork.com/how-former-ceo-louis-chenevert-helped-utc-become-a-global-force

 

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