The success of any business enterprise involves investing in the right resources. For Louis Chenevert and the United Technologies Corporation, investing in people and the right technology leads to the success of the business. Louis Chenevert advocated for investing in people and technology while he was working at the United Technologies Corporation.
During his work period as the Chief Executive Officer of UTC, he established the Employee Scholar Program as a way of investing in his employees. The program covers the cost of education for the company’s employees wishing to further their education in their respective fields. The program enables employees to identify themselves with UTC, a factor that enables them to work harder for the prosperity of the company.
Louis Chenevert had tremendous leadership success during his reign at UTC. He was smart and considerate while picking the projects the company was to invest in. The right projects acted as inspirations to the employees and at the same advanced the visions of UTC into them.
United Technologies Corporation succeeded remarkably under the leadership of Mr. Chenevert. The company sealed a deal and acquired Goodrich Corporation, a worldwide supplier of services and systems in the aerospace and defense field. The acquisition of Goodrich Corporation enabled UTC’s Pritt and Whitney Unit to be the sole supplier of the powerful F-35 engine to the United States government. The unit also manufactures the Geared Turbofan engine.
Moreover, UTC’s Sikorsky unit is the leading manufacturer of helicopters in the United States. The aerospace system unit, on the other hand, specializes in the manufacture of aerospace systems including brakes, actuators, landing gears and flight controls.
Louis Chenevert before his resignation in 2014, was the Chief Executive Officer and the Chairman of the Board of Directors of United Technologies Company. He is a well-learned person. He holds a Bachelor’s degree in Production Management from the Université de Montréal, École des Hautes études commerciales (HEC). After his graduation, he served as the General Manager of St. Therese General Motors.
Mr. Chenevert currently serves as an Exclusive advisor of the Goldman Sachs’ Merchant Banking Division. He looks out for exploitable opportunities in the aerospace industry. Even after resigning, his legacy lives at UTC.