The legacy of Louis Chenevert will forever be tied to United Technologies Corporation, and as the company continues to grow throughout the United States, exponentially increasing its world presence, his blueprint cannot be ignored. Gregory Hayes, the current CEO of UTC, continues to build upon the principles created by Louis Chenevert, believing that it is the duty of the CEO to leave the company in a better state than it was when he accepted the position; undoubtedly, Louis Chenevert succeeded in this respect. It was Louis Chenevert’s decision to invest in people, as well as the latest technologies, that led to an unprecedented run of success during his term, and when the root of this ideology is brought up in a discussion, it unwaveringly points to his time as the President of Pratt & Whitney Canada.
Prior to becoming the Chief Executive Officer of United Technologies Corporation, Louis Chenevert became privy to a GTF engine that Pratt & Whitney was developing, and in 2006, when he joined the company, he brought it with him. It took two decades and over $10 billion in development costs before the groundbreaking geared turbofan engine would be complete. Today, it is one of the most popular geared turbofan engines in existence, being utilized in a multitude of planes and airlines across the world. While the geared turbofan engine changed the way airlines operate, it also had a profound effect on the manufacturing industry in the United States.
Pratt & Whitney has manufacturing plants in states such as Georgia, Florida, Maine, Michigan, and New York, helping to create jobs for hundreds of thousands of people. This was completely by design, as Louis Chenevert always envisioned a time when a new generation of talent would benefit from the marriage of these two corporations. Over the next few years, UTC is expected to form thousands of new positions that are expected to support 25,000 additional employees. These days, United Technologies Corporation is recognized as a global powerhouse, due in part to Mr. Chenevert’s staunch business acumen, with a multitude of lucrative investments across the world.