UTC and Louis Chenevert
United Technologies Corporation hasn’t been the same since Louis Chenevert came on board as the chief executive officer in 2006. There has been amazing growth within the company and the industry thanks to his wisdom and dedication. His leadership has impacted the industry in major ways and catapulted them to international recognition.
Louis Chenevert was raised in Quebec and graduated from HEC with a degree in product management. Thanks to this great education, Louis went on to pursue his dreams in the field of production. For all his hard work in his field, Louis was awarded by the National Building Museum. HEC also awarded him with an honorary doctorate, a very prestigious recognition from his university.
Louis Chenevert spent time as the former president of Pratt & Whitney in 1999 and brought his expertise to United Technologies Corporation. He took one look at the geared turbofan engine and knew that United Technologies Corporation had to be a part of this new shift in the industry. Louis decided that United Technologies Corporation would invest in the new engine and his smart thinking soon earned the company $10 million in revenue. (Learn Louis Chenevert’s Business Successes Past, Present and Future)
The geared turbofan engine stood out to Louis due to its cost effectiveness. In addition, the GTE utilized less fuel consumption, making it great for the environment. Louis also wanted to make sure to invest in his employees. The Employee Scholar Program was an amazing tool for Louis to give back. This program provides current Employee with the option to continue their education in their chosen field. UTC pays for their degrees with an average of 40,000 employees earning degrees to date. Click Here to learn more.
Louis Chenevert has made an amazing difference at UTC and with the entire industry. Thanks to his efforts, the well-known Aviation Week & Space Technologies magazine named him “Person of the Year.” It’s his genuine love of his industry as well as his giving back to the employees of UTC that made all the difference. All those who are interested in learning more about Louis Chenevert and United Technologies are encouraged to take a look at the company’s website.