Louis Chenevert is the Chairperson and the CEO of United Technologies Corporation. In addition to his current role at the United Technologies Corporation, Louis Chenevert is a member of the Board of Directors for Cargil. He also serves as the Exclusive Advisor at Goldman Sachs. Louis was elected as the Chairperson of the company in January 2010 and the President, and CEO in April 2008. Louis Chenevert acquired a degree in Production Management from the Université de Montréal.Before these positions, he held other positions such as the President and Chief Operating Officer and the Director. Before joining United Technologies Corporation, Louis Chenevert served as the President at Pratt & Whitney. Prior to working at Pratt & Whitney, he was the Production General Manager at General Motors.
Louis has been in the corporate world for a long time. Over this period, he has gained valuable experience on what can make a business succeed. According to Louis Chenevert, investing in employees is one of the best things. Most entrepreneurs overlook this tip when they want to improve their businesses. They think that adopting cutting-edge technology will help the company reach its goals.
Louis Chenevert advice to other CEO’s is to invest in their employees first. Employees have what you need to push the business to the next level. However, it is upon the management to discover the talents each of their employees holds and motivate them to use them.Instead of hiring new people to fill high positions, Louis Chenevert says it is better to promote one of the talented employees in the firm. This way, you will avoid lengthy training and orientation process, and also motivate other employees to work hard so that they are promoted next time.
According to Louis Chenevert, some of the tips for a company to invest in their employees is creating an enjoyable working environment, recognize and reward dedicated employees, having programs that support employees to further their studies, and having exciting methods of team building.
Louis Chenevert has worked with big companies and knows what is best for a company. Investing in the current employees is one of them.