Louis Chenevert is an important name in the world of business, having achieved success at a high level in multiple companies. The Canadian businessman started working for General Motors after earning his bachelor’s degree from HEC Montreal in production management. While he started working as a first line supervisor, he managed to climb up the ranks and became the Production General Manager at the St. Therese operation of General Motors. He stayed with the company for 14 years, but decided to leave in 1993 and join Pratt & Whitney.
He managed to be successful at Pratt & Whitney as well, becoming President in 1999 and serving under that role until 2006 when he left to join United Technologies Corporation. At UTC he served as Director, but then later on, in 2008, became President and Chief Executive Officer – and Chairman in 2010. In addition, Chenevert is also a Fellow of the AIAA since 2005, and serves on the board of various committees, including the US-India CEO Forum, the Congressional Medal of Honor Foundation, The Business Council, and more.
Being an experienced businessman, Chenevert sees investing in current employees as being perhaps the best way accompany can increase its business. He supports his opinion by noting that knowing the employees and what they can and can’t handle plays a role, and also believes that there is a chance taking an interest in employees will result in discovering some with very high skill ceilings once they get bumped to the next level.
Chenevert considers that having an optimal workplace is a good way to invest in current employees, in order to make sure that they enjoy spending their time at work. According to the businessman, having employees that look forward to work every day will result in them being more productive. This can be done by having fun common places, and not playing office politics. He also talked about the importance of rewarding hard workers. Whether it’s by labeling them as “Employee of the Month” or giving them small gifts, Chenevert considers that employees who work hard will appreciate the fact that their work is being recognized.