Success takes hard work and strategy. Such is the case for Louis Chenevert, the former CEO of United Technologies Corporation (UTC). He has been an active leader over time, and his achievements precede him. At the age of 59, his tenure at UTC has involved many accomplishments. He is known for his strategies that have led to the growth of the company.
He has previously worked at General Motors for 14 years as the Production General Manager. After General Motors, he joined Pratt & Whitney before becoming the CEO at UTC. His resignation from UTC came in 2014 where he was later appointed as the advisor for Goldman Sachs Group in their merchant banking division.
While at UTC, he received the Honor Award from the National Building Museum. In 2011, HEC Montreal gave him an honorary doctorate. Also, he was named Person of the Year in 2011 by Aviation Week & Space Technology, an aviation trade magazine.
Chenevert has been a firm believer in investing in technology. He believes that advanced technology helps in making a company more competitive. His experience came in handy at UTC as he came up with unique strategies that saw UTC become one the most significant aircraft manufacturers.
Chenevert’s belief in investing in people contributed to the firm’s success. He encouraged the employees to make use of the Employee Scholar Program. Well-educated employees who have experience take the company to a higher level. The program sponsors interested employees in furthering their education.
UTC’s great success can be attributed to Chenevert’s leadership style. His belief in people and identification of viable projects were a major contributing factor to the company’s competitive nature. Pratt & Whitney which is one of the company’s unit is the only supplier of the F-35 engine. It supplies to the US Government. This was possible through Chenevert.
The firm has the Aerospace System Unit that helps in the manufacture of equipment such as flight controls and brakes. He contributed hugely to the increase in the market share over the years. Regardless of the last recession in the US, UTC has been growing as the years go by. It is quite evident that Mr. Chenevert is an influential leader who is a big success.