Adopting the latest technology in any company means an increase in productivity. Any company that wants growth thus has no option than invest on technology. The former CEO of United Technologies Corporation concurs with this idea as well as playing the role of a steward that comes with leadership. This means investing in both human labor as well as innovation. This is what UTC has been doing and has impacted on the growth of the company positively under the leadership of Louis Chenevert as the CEO.
The company that concentrates on building technologies and aerospace invest in education for their employees by providing them with an opportunity to earn any degree of their choice and they pay for them. They have been doing this since 1996 and the program has been successful with over 39,000 employees benefiting from it worldwide.
Chenevert takes pride in the company’s products and how far the company has come. Chenevert joined UTC Pratt and Whitney in 1993 and led the business to make profits for its mother company. Later in 2006, Chenevert was appointed the CEO during a time when American economy seemed unstable and led the company to achieve greatness in the manufacturing industries. UTC, therefore, is built on the foundation of Louis’ leadership. In 2014, Chenevert stepped down as the CEO and was replaced by Edward Kangas. Of the various products that UTC manufacturers, Chenevert is mostly pleased with the Geared Turbofan (GTF) engine.
Prior to joining UTC, Chenevert had worked with General Motors for 14 years as a productions general manager at their St. Therese operation.
After stepping down as UTC CEO, Chenevert took up the role of an Exclusive Advisor at Goldman Sachs in 2015. Chenevert also chairs the Tax and Fiscal Policy Committee at the Business Roundtable where he is a member of the Executive Committee. He is also a member of the US-India CEO forum.
Louis Chenevert got his Commerce degree in Production Management from Université de Montréal, École des hautes études commerciales (HEC). He is also a founding director of the Friends of HEC Montreal.
See Louis speak here: