How Louis Chenevert Took UTC into the Stratosphere

United Technologies Corporation is now a force to be reckoned with and is highly regarded all throughout the world. While the company was already a significant entity before his arrival, once Louis Chenevert ascended to the position of Chief Executive Officer, an incredible emphasis on forward-thought, as well as investing in the people who make the company go, increased exponentially, and today, this school of thought lives on. Louis Chenevert received his degree from HEC Montreal, the business school of the University of Montreal, and later worked for General Motors, where he stayed for 14 years before joining Pratt & Whitney. After only six years with Pratt & Whitney, Louis Chenevert would become its President, and by 2006, he was the Chief Executive Officer of United Technologies Corporation.

When Louis Chenevert arrived at United Technologies Corporation, he brought with him a school of thought that championed innovation, while also investing in his own employees. While he was well aware of the importance of creating an environment that produced immediate results in the short-term, he also focused on the overall trajectory of the company in order to ensure that it would continue to experience success for the foreseeable future.

One of Louis Chenevert’s greatest achievements was bringing with him an avant-garde GTF engine, which was a holdover from his time with Pratt & Whitney Canada. This new engine soon became the primary focus of United Technologies Corporation, and after investing upwards of $10 billion in its development produced an engine that would change the course of travel throughout the globe. The GTF engine was able to use sixteen percent less fuel while cutting hazardous emissions by fifty percent. Today, over fourteen major airlines utilize the GTF engine, and it is available in over 70 different aircrafts. Since his retirement, the company that Louis Chenevert helped to bring to worldwide prominence has continued its winning ways, and due to the number of successes that he has acquired on his resume, he has received a myriad of awards and recognition; recently being named the “Person of the Year” by the prestigious Aviation Week and Space Technology magazine.