The legacy of the United Technologies Corporation revolves around the life of one man: Louis Chenevert. During his tenure as CEO of the company, Chenevert made various impressive accomplishments. He left the company a better force in the market than he found it. His major focus was on innovations, long-term goals, and the company’s employees. Louis Chenevert had an outstanding belief in people and innovation. Chenevert’s vision focused on both long-term and short-term goals. This particular vision changed future of the company with Pratt & Whitney geared turbofan engine.
In 1999 Mr. Chenevert was the president of Pratt & Whitney. During this time, he realized that the GTF engine was an incredible innovation. When he took charge at UTF, he married the two companies. This led to an immense investment in developing the technology. His ability to realize the future implications of the technology enabled the company to profit profusely from it. The key to the rising growth rate at UTC during Chenevert’s tenure there was because of his ability to recognize and invest in new technologies. His vision was to hire thousands of next-generation talents as can be witnessed currently. (See Louis Chenevert’s Business Successes Past, Present and Future)
The pioneer was born in Quebec, Canada. He graduated with a bachelor’s degree in production management from HEC Montreal. He worked at general motors for 14 years. He joined Pratt and Whitney in 1993. He became the president of the Canadian company after six years. In 2009 he became the president of UTC. He was awarded an honorary doctorate from HEC Montreal. Louis Chenevert knew that investing in the company’s workers would lead to its success. Under his tutelage, the company was able to develop a study programmed for its employees. It footed the bill for some of the employees to pursue degrees in areas of interest. Get Additional Information Here.
Louis Chenevert was a key figure in ensuring UTCs rise as a global entity with numerous investments worldwide. Due to his contribution, the company is developing into the future fostering growth into immerging and existing markets. Louis Chenevert guided UTC towards a competitive edge required for sustainable economic growth worldwide.