Louis Chenevert developed an interest in entrepreneurship at a tender age. One thing he understood was that dedication and hard work would earn him all that he wished for. Having studied production management at Montreal Business School, he set out on the journey of his career. He first worked at General Motors, outputting admirable work.
A real entrepreneur values career growth. It is for this reason that Louis Chenevert decided to leave General Motors after a series of promotions in the 14 years he worked there. He later worked at P&W Company, a constituent company of the United Technologies Corporation (UTC), before moving to UTC.
Chenevert’s achievements at UTC
Louis enabled the United Technologies Corporation to realize a significant change. He first worked towards a 10% reduction in production cost, as well as the construction of the turbofan engine with reduced consumption of 16% and emissions by 50%. Hard work and determination landed Chenevert a position as the Chief Executive Officer of UTC in about two years of working as a director. He transferred all production activities to the home country, enabling cheap labor and quality output. With the impressive work done by Chenevert and his team on engine F135, the company landed a contract with the US Navy. Success was being achieved within short periods of time. By his retirement time, Chenevert had accomplished an increase in stock from $37 to $117 per share.
Life after retirement
Having been a busy man in a better part of his life, sitting idle has never been one of Chenevert’s options. Louise still works even in his retirement and currently serves as the chairman of the advisory committee at Yale Cancer Centre. To date, he still insists that hard work and determination are the central requirements for success.
More about Louis Chenevert
Being a hard worker, Chenevert earned himself the title as the Person of the Year in a US aviation magazine in 2012. He also got an Honor award from the National Building Museum in 2009. He is a Canadian, born in Montreal, Quebec. Louis is indeed a hardworking person worth being used a role model to young people.