Louis Chenevert is the former CEO of the United Technologies Corporation. He is the most decorated CEO of this company. He started working in the company as a head of department before being promoted to the position of the CEO. His achievements in the company are huge and are felt years after he left the company. Why is this so? Louis Chenevert laid a foundation that involved accomplishing short-term goals while laying foundation for long-term goals. The initiatives he stared in the company are still being pursued by the current management since they were clearly thought out and needed not be swept under the carpet.
Among the priorities of Louis Chenevert while working for UTC was investing in technology and the employees. He knew that these two were interdependent. Technology needs trained and highly skilled employees. For efficient deployment of the technology in the company, huge emphasis should fits be placed on the employees training. At UTC Louis Chenevert started job as the President of Pratt & Whitney in 1989. He was responsible for the invention of the geared turbofan jet engine. This remains one of his greatest achievements. This jet engine revolutionized the whole jet engine manufacturing industry. Due to efficiency of this engine, it is being used in the U.S military.
The willingness of Louis Chenevert to invest in technology and human resource is the driving force which the company is still riding on even today. It has not only led to the improvement of UTC but the whole American economy. The company employs thousands of people. Pratt &Whitney currently has manufacturing plants in Michigan, New York, Connecticut, Florida, Maine, and Georgia. These plants supply products to all the states in America. UTC has invested over $1 billion through these plants.
Oracle’s profit, cloud growth forecasts drag down shares https://t.co/FfhnGGr2y8
— Louis Chenevert (@louis_chenevert) September 14, 2017
Louis Chenevert invested in technology because he had a vision this would the next biggest thing. Technology would create job opportunities for many young people in the company as its business expanded. Since he left the company, it is still employing thousands of people every year due to expansion of operations. These new employees will support the next generation of technological growth in the company.