To United Technologies Corporation, Louis Chenevert is an iconic figure, impossible to separate from the success and growth of the company. Though he is the former CEO, his diligent service, and leadership, which always kept the focus fixed on innovation, is the reason for the incredible achievements seen today, making the company a multi-billion dollar.
While considering the importance of long-term goals, Louis Chenevert was also very keen on short-term goals for they determine future success. Under his leadership, the company made investments not only in technology but also on the people working for the company, bearing in mind that every decision made today mattered tomorrow. UTC has always wanted to see its employees get more education. They then put into place an Employee Scholar Program which enables employees to earn themselves degrees in their field of choice while paying nothing for the studies. The program has been in place for about 20 years, earning the company over 39,000 degrees, an investment of $1 billion, that Louis and the current CEO are proud of investing in.
Louis joined UTC in 2006, as the COO, director, and president of the company, before becoming the CEO in 2008. Before then, he was the president of Pratt & Whitney Canada branch, a subsidiary company of UTC, that is specialized in aerospace manufacturing. Despite the terrible economic state at the time, Louis was able to see the company rise in innovation as well as expand its market shares in the industry. The success of Pratt & Whitney could not go unnoticed by UTC.
When UTC company was hit by the economic recession in 2006, they took in Louis to be the chairman. This was an opportune time for him to merge the two companies together, to invest in the GTF engine which he had seen its potential in Pratt & Whitney. Being a visionary leader, he knew that this engine was going to change the industry, and it surely did.
Chenevert has never feared to make investments in technology and because of that, today the company is able to meet it’s clients needs not only today but also in future. The company has continually provided employment and has the aim of providing more than 30,000 employment positions in the next 3 years.