Louis Chenevert has achieved a lot in his career in the manufacturing industry. But his greatest achievements were perhaps during his time as CEO of United Technologies Corporation (UTC). Louis Chenevert knows the importance of technology and innovation to the success of any company operating in today’s competitive business environment. This is why UTC invested a lot in technology during his tenure, and it is one of the reasons why it did so well under his leadership.
Biggest Achievements at UTC
One of Louis’ greatest achievements is the Geared Turbofan (GTF) engine which was developed by UTC under his leadership. The engine is by far the best in the aviation industry so far, considering the fact that it uses less fuel, its emissions are much lower than the emissions of other models. It is, therefore, the most environmental-friendly engine in use today. Several airlines are already using the engine. Louis was also the one who led the company in the negotiations for and the ultimate acquisition of Goodrich in 2012.
About Louis Chenevert
Before joining UTC in 1993, Louis Chenevert worked for General Motors for 14 years. He worked with the Pratt and Whitney business unit of UTC from 1993, and was appointed president of the unit in 1999.His foresight and business acumen saw him rise through the ranks fast and in 2006, he was appointed CEO of UTC. This was a time when the US economy was performing very poorly but Louis Chenevert expertly guided UTC through the tough times. He resigned as CEO in 2014 and was succeeded by Gregory Hayes.
Louis’ achievements in the industry have not gone unrecognized. He received the 2009 National Building Museum Honor Award. He was also named 2011 Person of the Year by a renowned aviation magazine. Louis currently works as an advisor at Goldman Sachs.
Louis Chenevert’s secret to success is to always stay ahead of the competition by looking into the future and investing in the latest technology. He also ensured that his employees received adequate training and that they had opportunities to further their education. This is how he managed to keep UTC at the top even as other big players in the manufacturing industry wound up due to tough economic times.