The Exponential Growth of UTC Under Louis Chenevert

In order to see the success of Louis Chenevert, perhaps the best place to start is his transformative push behind United Technologies Corporation (UTC). UTC primarily researches cutting-edge technology and eventually supports the manufacturing of new products. The company is heavily involved in the aerospace industry, in addition to consumables refrigeration and climate control. Quickly after becoming part of its leadership, Louis Chenevert began to hone the focus of UTC and guide it down a more successful path.

The most significant points of success displayed by Chenevert include his role in acquiring the aerospace company Goodrich for over $16 billion. This move bolstered the innovation capabilities of UTC and also gave the company the resources to manufacture its own products. Louis Chenevert has also played a major part in increasing the share value of UTC from $37 to $117. This increase of 200 percent was only possible through Chenevert’s dedication to UTC and the talent for leadership engrained in his mindset.

Louis Chenevert and his trail of success extend beyond just UTC. The Canadian businessman has been involved in numerous corporations and has generated successful results for business ventures around the world. Chenevert was a production manager at General Motors for over a decade, giving him vast experience in technology-based manufacturing. After 14 years, he left GM in 1993 to further his career by joining Pratt and Whitney.

Chenevert has been an acting member of The Business Council, as well as being involved in the US-India CEO Forum and participating in the Business Roundtable. In fact, Louis Chenevert acts chair through the Business Roundtable as part of its committee on fiscal policy and taxes. Awards received by Chenevert include the Honor Award from the National Building Museum in 2009 and Person of the Year in 2011 from Aviation Week and Space Technology, a trade magazine published in the United States.

Louis Chenevert is a native of Quebec, Canada and began his career after graduating with a bachelor’s degree from the University of Montreal. The titles held by Chenevert throughout his career include being named president of Pratt and Whitney in 1999, as well being both the Chief Operating Officer and president of United Technologies Corporation until 2014.

Martin Lustgarten’s Investment Banking Strategy

When you think about the specifics of any sales or service type organization, the key that you need to remember is that you need people to come to you more than anything. When you have a sales team that can attract people, then you have the chance of being successful because you can earn enough of a living off of each client that your entire business model makes sense.

 

That being said, some individuals are not only good at attracting individuals into their business environment, but they thrive on being around people and helping them at the same time. Martin Lustgarten is not just one of those individuals who is extremely successful because of his knowledge and ability with respect to finances and investment banking; he is tremendously successful because people just like him and he likes to help people as well.

 

When you think about the investment banking world and the world of finances in general, it truly is a scary place. There are so many different investment vehicles, types of organizations, strategies, sectors, and etc. The chaos of finance is that if you don’t know what you are doing then you can easily and quickly get lost. Furthermore, if you are not constantly involved in the world of finance then you could be in trouble because things change in an instant.

 

The knowledge that you need to have in the financial world is not only already known by someone like Martin Lustgarten, but with his constant pursuit of knowledge he is actually able to help others as he continues to grow his general base of financial understanding. However, when you think about having an actual partnership with someone in the finance field and you think about someone who can help you to understand not only which choices to make but why to make them as well, that’s exactly where Martin Lustgarten comes in.

 

At the end of the day finance in general and the world of investing can be summarized very simply. You need to make decisions, but you also need to know why you are making them. For the best results, it’s not wonder so many have flocked to Martin Lustgarten. Find him on Vimeo to learn more about what he’s into.