Former Chief Executive Officer of United Technologies Corporation Louis Chenevert believes in leaving a company in better shape than when you get there. He surely fit the bill when it came to UTC and the current CEO Gregory Hayes is planning to fulfill that role himself.
If you want to be a good leader of a company you need to not only think about the short term goals on that business, but focus on building for the future so it can last a long time. Louis Chenevert’s vision
was crystal clear when it came to combining the Pratt & Whitney division with United Technologies Corporation. This was a good move on his part and played a major role of their continued success. With a chunk of change and time, they created a clearly superior brand of jet engine that consumed less fuel, less emissions, and was used by over 14 airlines. Mr. Chenevert knew that by investing in this incredibly advanced technology it would pay off
. UTC also invested in creating more manufacturing plants (under Louis leadership) to Georgia, Florida, New York, Connecticut, Maine, and Michigan. With an arsenal of locations to build these engines and other parts they can keep up with demand and future demand. He did not spare the jobs of any employees keeping it all in the United States, it home location. Even so he created 1,000 new jobs and hired over 25,000 new employees.
The smart businessman was born and raised in Quebec, Canada. He attended HEC Montreal as a college student. He received a BA in Production Management. Before his time at United Technologies Corporation Louis Chenevert was an employee at General Motors previous to UTC. Flash forward after stepping down at head boss at UTC, Mr. Chenevert moved on to become Exclusive Advisor at Goldman Sachs. The businessman has won a number of awards that would make anyone proud. HEC Montreal, his college awarded him with an honorary doctorate in 2011. Aviation Week & Space Technology magazine called the former CEO “Person of the Year.” On top of that the National Building Museum gave Louis their prestigious Honor Award.