One simply can’t mention United Technologies Corporation without also mentioning Louis Chenevert. Louis reigned supreme as the former chief executive officer at UTC thanks to his impeccable education and expertise. This was a man who truly loved his field and the employees that worked with him.
Louis Chenevert attended HEC located in Quebec, Canada and graduated with a degree in product management. Over the course of his career, Louis has earned much recognition for his advancements within the industry. He received an Honor Award from the National Building Museum, as well as a “Person of the Year Award” from the magazine, Aviation Week & Space Technologies. These awards helped to solidify the strides Louis has made within his field.
Louis Chenevert understood his field and was a former president of Pratt & Whitney in 1999. When he made the move to UTC, Louis had a great idea in regard to the fairly new Geared Turbofan Engine. It was imperative to him to focus more on the GTE and its impact within the industry, and this is exactly what he did when he arrived at UTC in 2006. Louis began investing in the geared turbofan engine and quickly raised about $10 million for the company. See This Article for additional information.
The Geared Turbofan Engine stood out thanks to its low consumption of fuel. This made it cost effective and great for the environment as well. In addition to the smart business move with investing in the geared turbofan engine, United Technologies Corporation also invests in its employees. The company’s Employee Scholar Program made news as an amazing program to further the education of any employee that wanted it. To date, over 30,000 employees have obtained degrees with UTC footing the entire bill. This is major as United Technologies Corporation proves it is a company that values its employees.
United Technologies Corporation has made major headway within the technology industry and Louis Chenevert most definitely deserves credit for the role he played in its success. His innovative mind in regard to the geared turbofan engine helped catapult the company to success and it keeps getting better.