Louis Chenevert has had quite a career. He helped pioneer a new engine and helped revolutionize the aerospace industry. His biggest and most important legacy can be seen at a company called United Technologies Corporation (UTC). Before he became the president and CEO of the company he was able to work his way up in the business and figure out not only short-term policies for his companies but think long-term as well. This is the genius of Louis Chenevert on display.
Louis Chenevert took on the job of CEO of UTC in 2006. In s short span of eight years he completely turned the business around and made sure the company was in good hands when he stepped down from the position in 2014. How did Louis Chenevert achieve such a remarkable feat? First, he knew that the strength of the company was in two places and had to make sure that both sections were competitive on a global scale. He made sure that his employees could finish their degrees in the profession of their choice and he brought in the latest technology for UTC to use in order to be competitive. One of the technological marvels that he brought to UTC was a brand new geared turbofan (GTF) engine that he designed himself over a period of years. The new engine could burn hotter without using as much energy as previous engines.
Louis Chenevert also made sure that he invested quite a bit of money into the company so that it could be at the top of the heap. By investing in the workers as well as new technological advancements Louis Chenevert made sure that the company would survive even the roughest of economic times. By investing in the people who work for him he made sure that they were loyal and had the skills necessary to push the company far into the future long after he stepped down.
Thanks to the innovative vision of a man named Louis Chenevert UTC can press on well into the future. That will make not only the employees but Louis Chenevert happy too.