United Technologies Corporation’s legacy owes a great deal to Louis Chenevert. His continual support even after his role as the company’s CEO enabled the company to attain incredible success. Just like the current UTC CEO who believes in leaving a place better than you found, it is evident that Louis had similar values. During his time at UTC, he focused on investing in long term goals, employees and innovation.
Integrating UTC with Pratt & Whitney geared turbofan engine is one of Chenevert’s decisions that made a great impact on the company’s future. Having seen the GTF engine’s enormous growth potential, Louis invested in designing and developing a jet engine currently used by several airlines and aircrafts. His readiness to invest in technology has also promoted UTC’s future growth.
When integrating the two companies, Chenevert had not only envisioned the earnings but also future job opportunities. Thanks to the efforts of Louis Chenevert, UTC has currently offered employment to several people. The company is also anticipated to employ 25,000 more people in the next three years.
Louis Chenevert also identified suppliers as great contributors to the growth of profits and customer base. It is for this reason that UTC has spent $ 40 billion extra with their U.S suppliers in the past three years. It is evident that Louis was aware of the importance of a competitive business environment in promoting future growth. Whenever the subject of effects of current decisions on future success arises among UTC’s employees, Chenevert is always mentioned.
About Louis Chenevert
Louis was born in Quebec, Canada. He holds a bachelor’s degree in production management from HEC Montreal. Prior to joining Pratt and Whitney, he worked with General Motors for 14 years. In 2006, he joined UTC where he served as the CEO and president. Due to his exemplary leadership, Chenevert has received several awards and significant recognition, including the National Building Museum prestigious Honor Award among others.