Louis Chenevert has been the most successful chief executive officer that United Technologies Corporation has ever seen. By the time he stepped down in 2014 he was one of the most famous chief executive officers in the aerospace manufacturing sector.
During his tenure as chief executive officer he was named person of the year by the magazine called Aviation Week and Space Technology. He was granted an award by the National Building Museum of 2009. And he was given an honorary doctorate by HEC Montréal where he did his undergraduate and graduate work.
During his time at UTC he was able to accomplish the impossible. He acquired several companies to make the United Technologies Corporation rich. This included companies such as Pratt & Whitney, Otis, and Goodrich. Spending nearly $20 billion to make this happen he was able to raise the company’s net worth by $63 billion according to Forbes magazine.
He expanded the role of United Technologies Corporation to not only include high-end aerospace products but also to focus on corporate infrastructure and refrigeration and heating. This allowed UTC to multiple income streams and protected against the great recession in 2008.
During his time running the helm as the chairman and CEO United Technologies Corporation raises dividend payments year-by-year and never missed 177 years. He was able to gain more profit in the 10 years he was a CEO then the average Dow Jones CEO or the average S&P 500 CEO.
It is widely known that the Sikorsky unit produces the majority of America’s helicopters for the military and his other he factories producing aircraft for the military.
While working with United Technologies Corporation he was able to become environmentally conscious. This meant that he was able to lower gas emissions and water consumption by a considerable amount. He would work with the government to urge other companies to follow his example.
After stepping down from UTC, he became a consultant at Goldman Sachs in 2015. He worked as the Exclusive Advisor in the Merchant Banking Division where he would use his wisdom to make them money.