Louis‘ transformation and growth of the 100 billion dollar United Technologies Corporation started immediately after his appointment. Within a year after of his appointment, Mr. Chenevert had overseen the acquisition of Goodrich Company for 18.4 billion dollars. With this acquisition, Mr. Chenevert was able to achieve within a year what takes many executives their entire careers to achieve. Since then, Chenevert has steered the United Technologies Company in the advancement of both technological and individual growth for its employees.
Under Chenevert’s leadership and management, UTC has been able to maintain an edge in a troubled industry without compromising on its core qualities. Headquartered in Connecticut’s capital city of Hartford, UTC has never abandoned its base, oppressed its workers or cut on areas of public concern such as environmental compliance. This is commendable in the technology industry which has struggled under increased foreign competition and decreased revenue generation since the 1950’s. Despite these bleak market conditions, UTC seems to be doing even better than expected since Mr. Chenevert took over the company. In 2013, UTC generated twice the shareholder returns for the ten year period since 2003. This exponential growth in a troubled industry has been largely attributed to the able leadership of Mr. Chenevert
He attributes his success at the helm of the company to discipline and imagination. He has been able to beat challenges, both internal and external, by taking a different approach than the traditional problem-solving methods.