Multiple political decisions are making production more expensive around the world. President Trump recently announced new tariffs on both steel and aluminum. United Technologies Corporation is one of the largest airplane manufacturers in the world. Over the past few years, the company has enjoyed high levels of growth. One of the biggest growth drivers at the company is the leadership of Louis Chenevert. Louis Chenevert is considered one of the top business professionals in the country.
Although Louis Chenevert lives in Canada, he realizes that political events in the United States can make a substantial impact on his business. He wants to focus on critical areas of his company to protect against any political events. United Technologies Corporation is already making decisions to protect themselves financially against higher tariffs.
Taking Over at United
Louis Chenevert had a fun career in various industries. When he started working at General Motors, he never thought that he would become CEO of a major company.
When he was at General Motors, he focused on finding ways to lower production costs. He learned various aspects of managing both labor and commodity costs. Over time, he was able to take his company to a new level.
When he received the job offer to start at United Technologies, he was conflicted. Although he loved his work, the promotion was too much for him to pass up. He decided to take the job offer and eventually became CEO.
Changes at United
As soon as Louis Chenevert took over as CEO, he made numerous changes to the production process at United Technologies. He wanted to reduce costs as much as possible, but he also wanted to increase the quality of products offered by the company. Due to the changes, United Technologies is now one of the most respected companies in the world. Louis Chenevert is retired from the CEO position, but he still offers advice to business leaders around the country.