Louis Chenevert is one Chief Executive Officer that left quite a legacy at United Technologies Corporation. As a positive force of nature at the multi-billion dollar business Mr. Chenevert operates UTC with values that exceed most CEO’s. He also focused on growing the company by leaps and bounds when it comes to long term goals, the employees and people, and keeping UTC as innovative as possible.
United Technologies Corporation is a multinational conglomerate of businesses, one of them being Pratt & Whitney. Way back in 1999, Louis Chenevert was President of Pratt & Whitney. He knew that their GTF engine would become something very important so he got UTC to invest in them. 20 years and $10 billion dollars later they designed a truly superior jet engine. Over 14 airlines use this engine and 70 aircraft. This specific jet engine cut emissions by 50 percent and fuel consumption by 16 percent. The successful businessman had a bigger vision that worked out very well for UTC. Also with the help of Louis Pratt & Whitney invested $1 billion dollars into multiple manufacturing plants all over the country including in Florida, Maine, Connecticut, New York, Michigan, and Georgia. With all these incredible plants Pratt & Whitney is able to meet the needs of their current clients and even future clients.
With Louis Chenevert’s vision he would marry United Technologies Corporation and Pratt & Whitney together to make a even better more successful corporation grow. This also meant creating more jobs for a plethora of new employees. A few years later UTC hired 25,000 new employees and created over 5,000 new jobs. He values the employees and what they have to offer UTC. Before Louis Chenevert was a powerful force at UTC he worked at General Motors for 14 years. The businessman was born in Canada. He received a Bachelor’s degree in Production Management from HEC Montreal. Mr. Chenevert has won a number of awards. Aviation Week & Space Technology magazine named Louis “Person of the Year” in 2011. In that same year he received an honorary doctorate from HEC Montreal. On top of that The National Building Museum made Louis the recipient of their Honor Award.