Louis Chenevert Helped UTC Become a Global Industry Leader

Louis Chenevert, the former Chief Executive Officer, remains one of the legendary figures in UTC’s history. Louis’ continued commitment and incredible achievements during his time at UTC have greatly contributed to the company’s current position in the global map. He undoubtedly left the firm better than he found through his strategic investments in human resource, innovation, and UTC’s long-term goals.

As the CEO, Louis Chenevert was proactive in his leadership approach: he delivered on short-term objectives while keeping his focus on the future of United Technologies Corporation. While serving as the president of Pratt & Whitney, Chenevert saw the potential that GTF engine had. When he took over the UTC’s CEO role in 2016, the visionary leader rushed into marrying the two companies, an effort that has since revolutionized the aviation industry. The $10 billion and about 20 years investment has produced a more efficient jet engine with 16% and 50% reduction in fuel consumption and emissions respectively.

Louis also invested significantly in his human resource base. With the understanding that employee development contributes greatly to the future success of a company, UTC and its CEO encouraged the staff to pursue lifelong education through the company’s internal scholarship program. It is estimated that in the last two decades alone, UTC’s employees have earned more than 39,000 various degrees. The company has reportedly invested about $1 billion in the program. Gregory Hayes, the current CEO, has equally agreed with Louis that the $1 billion scholarship program was a worthwhile investment.

The solid foundation laid by former CEO Louis Chenevert has not only fueled United Technologies Corporation’s current global expansion but future growth as well. His innovative and visionary leadership has created several job opportunities as well as fueled economic growth in the entire U.S.

About Louis Chenevert

The renowned businessman was in Quebec, Canada. He pursued his bachelor’s degree in production management from HEC Montreal. Chenevert began his career at General Motors and worked with them for about 14 years before joining Pratt & Whitney. In 2006, Louis Chenevert was elected the president and CEO of UTC. He has received a number of key awards in the course of his career, including Honor Award by National Building Museum, and an honorary doctorate by HEC Montreal.