Louis Chenevert left a great legacy at United Technologies Corporation (UTC) after his 8-year term as CEO of the company. He is an alumnus of the Université de Montréal, École des Hautes etudes commerciales, where he studied production management. Before joining UTC, Louis worked at General Motors for more than 10 years. He gained a lot of experience during this time and this proved to very helpful during his time at UTC.
Louis Chenevert was appointed CEO of UTC in 2006. Before then, he served as the president of the Whitney & Pratt business unit. The unit performed exceptionally well under his leadership. His success with this business unit is what saw him eventually get appointed as CEO of UTC. Right from the start of his tenure, his goal was to improve the company and leave a legacy that would live on for years, and he sure did.
Throughout his term as CEO, Louis was a great supporter of the employee scholarship program at UTC, which enabled employees to improve their skills. He ensured enough money was set aside for the program every year. He believes that investing in people is just as important as investing in technology in any business. Louis has excellent leadership skills, and this made it possible for the people under him to understand the company’s goals and work towards them.
One of Louis Chenevert’s greatest achievements at UTC was the Goodrich acquisition. He led the yearlong negotiations that led to the acquisition of Goodrich by UTC.The Geared Turbofan (GTF) engine was among the numerous engines that were developed by UTC under Chenevert’s leadership. These solutions have revolutionized the aerospace industry as they are more energy-efficient and cause much less environmental pollution than any other engines. Louis left UTC in 2014 and moved in 2015 to work at Goldman Sachs as an exclusive advisor.
Louis Chenevert’s foresight and visionary leadership were great contributors to the success of UTC during his tenure. He was a great asset to UTC and is now an invaluable asset to Goldman Sachs. He left a great legacy that the new CEO of UTC, Gregory Hayes, now has to live up to.