United Technologies Corporation’s former CEO, Louis Chenevert, and the current CEO, Gregory Hayes, have the same belief of the much a business can gain leverage by investing in the latest technology. The investment coupled with great leadership puts a company at the top. The two leaders emphasized the importance of stewardship and investing in the people, traits that should accompany leadership. They are proud to have embraced them in their tenures. United Technologies Corporation has also showcased its ability to invest in the employees through the Employee Scholar Program.
Louis Chenevert became the CEO at the United Technologies Corporation in 2006. The year was marked with an economic downtime in the United States. The challenge did not deter him from taking the company forward. United Technologies Corporation became a market leader in jet engines assembly as well as in the heating, refrigeration, and air conditioning sectors. Prior to his appointment as CEO, Louis had worked in the Pratt & Whitney business unit of the company. His leadership capabilities were evidenced at the time. He had worked hard to see the firm’s products rise to the top, particularly the Geared Turbofan (GTF) engine. For almost twenty years, Louis Chenevert had provided his guidance in its innovation. His participation had paid off as the engine came out better than the rest of the market with much-reduced engine noise. Louis also fought for its market domination by leading the company in entering strategic deals. Of his most remarkable deals was acquiring Goodrich, as well as partnering with Rolls-Royce.
Louis Chenevert’s leadership capabilities can be attributed in part to his educational training. He attended the Université de Montréal, École des Hautes études commerciales (HEC) where he attained a bachelor of commerce degree in production management.
About Louis Chenevert
Louis Chenevert worked for General Motors before joining Pratt & Whitney and later the United Technologies Corporation. He joined Goldman Sachs 2 years ago as an Exclusive Advisor. Besides his office work, Louis served at The Business Council.
Louis Chenevert’s remarkable efforts have been widely recognized. The National Building Museum gave him an Honor Award in 2009. He was also the 2011 Person of the Year by Aviation Week & Space Technology.