Louis Chenevert is the CEO of the highly successful company, United Technologies Corporation. For Mr. Chenevert, seeing how decisions in the present can affect the future has always been an important part of his business plan. In 1999, he was the president of Pratt and Whitney, and he foresaw the GTF engine becoming largely successful. So starting in 2006, as CEO of UTC, Chenevert brought the two ideas together. His company invested $10 billion and twenty years in to developing the jet engine, which helps the environment greatly. It cuts fuel usage by 16 percent and emissions by 50 percent, and is very popular among airlines. The United Technologies Corporation aims to keep producing and investing in products that can have a positive impact on the future. They want to provide jobs for thousands of employees as well. Pratt and Whitney is helping meet this goal by owning six different locations on the east coast. Part of Chenevert’s success is due in part to his education and hard work. He attended HEC Montreal in Canada where he studied production management. Later, he spent 14 years working at General Motors before working for Pratt & Whitney. Louis is also a decorated businessman. In 2011, he was awarded an honorary doctorate by HEC. Later in the same year, he was named “Person of the Year” by Aviation Week and Space Technology Magazine. Thanks to their CEO, UTC provides its employees with many opportunities as well, as the company understands that the employees are vital. UTC has started the Employee Scholar Program. This program aids employees in earning a degree in whichever field they choose, by paying for all of the schooling. Louis Chenevert has demonstrated how success is not based on money. He always looks toward the future to understand what the needs of the community will be, and improves his business in many ways. His ideas are a prime example of a thriving 21st century business.
Louis Chenevert Has Helped UTC Become Internationally Powerful
by Neil ⋅