Louis Chenevert Invested in the People and Technologies, Building a Lasting Culture at United Technologies Corporation

When Louis Chenevert took over the leadership at the United Technologies Corporation, he had the vision of creating a lasting legacy which would make the place better than he found it. He achieved exactly that and more. He is a forward thinker and possesses the ability to analyze and spot business opportunities that align with the firm’s vision. To him, people play a big role in making visions a reality which is why he inspired them to work hard in the projects at UTC. He created a lasting foundation and cultures in the process that have lived on and inspired the current leadership of Gregory Hayes.

Time at UTC

Louis Chenevert‘s work impressed the management from when he joined UTC in 1993. He was at the time working for Pratt & Whitney, the business branch of the firm. In just a few years, he had risen to the position of the branch’s President. It was not long after that he was made the top manager at UTC, taking up the capacity of the President and Chief Executive Officer. He got down working, emphasizing on modern technologies and human resource, the tools that he believed could take any business to the top. In as much as he believed in investing in the right technology, he was more passionate about the people. Under the Employee Scholar Program, he encouraged the employees’ empowerment through education.

Achievements

During his tenure, Chenevert led UTC to take up big projects that saw it rise with each one of them. One such transaction was winning the tender from the US Air Force to manufacturer the F-35 engine. He was greatly involved in the development and marketing of Pratt & Whitney’s Geared Turbofan (GTF) engine. He is best remembered for leading negotiations in the acquisition of Goodrich in just a year after taking the firm’s leadership. The transaction was worth 18.4 billion.

More about Chenevert

Louis Chenevert is a former student at Université de Montréal, École des Hautes études commerciales (HEC) where he studied production management. His career began at General Motors where he headed the St. Therese operation. After leaving UTC, he joined Goldman Sachs as the Exclusive Advisor to the division of merchant banking.