The corporate world can be very tough and unfulfilling for those who do not know how to handle it. The investment world is a world for stewards and patient individuals. The great things that we want in life are not achieved in one night. Louis Chenevert is among the individuals who understand the rules of the game.
The career of Louis Chenevert began in HEC Montreal, where he studied Production Management. Production Management helps a company produce goods efficiently, with the lowest cost possible but still maintain the quality of the products. This was the right course for him because he wanted to help the companies to improve their sales.
After school, Guy Hachey hired him in General Motors. He worked here for more than a decade. During his stay in the company, he had very many promotions, thanks to his hard work. Guy Hachey says that he promoted Chenevert every time he got a new position. Before Chenevert left the firm, he had a chance to be the General Production Manager, meaning he was overseeing the production process on a large scale basis.
Louis Chenevert later got a job at Pratt & Whitney which is an engineering firm. Again, he got to serve as a president before he left the company. It is during his time as president of the firm that UTC nominated him as their CEO.
It was hard to make a difference as the CEO because, at the time of his appointment, the nation was going through a tough financial crisis. However, with his intelligence and great leadership skills, he improved the status of the company. UTC gained great leverage in the market, thanks to the acquisitions that he made for UTC. It became the most profitable firm in the USA, which resulted in the rise in its share price by almost 200%.
Louis Chenevert is an icon in the investment world. He has had many successes with the companies he has worked with in the past.
However, the corporate world can get so busy and deny us time to pursue our interests and spend time with our families. Chnevenert is now living a semi-retired lifestyle to create time for the latter.