How Louis Chenevert Supplied UTC With Visionary Leadership

January 30, 2018
By Rel

During his time with United Technologies Corporation and its subsidiaries, Louis Chenevert accomplished a lot of great things. He was an excellent steward of the company and built it into a global powerhouse in the aerospace, building, and defense industries. He did so by focusing on the long-term while also meeting shorter-term goals. He also fostered a culture of innovation and invested in both the technology and the people that make up UTC.

Earlier in his career, Louis Chenevert had worked for General Motors for a number of years. He left GM in order to advance his career at one of UTC’s subsidiaries, Pratt & Whitney Canada. This led to him becoming one of the top executives of Pratt & Whitney’s United States-based operations. During this time he pushed for a revolutionary new airplane engine called the geared turbofan engine. This engine had many benefits over regular airplane engines including putting out fewer emissions and saving a large percentage of fuel on each flight. It also benefited those who live and work near airports as a plane with this type of engine he pushed for is quieter both landing and taking off.

Louis Chenevert’s success as the president of Pratt & Whitney eventually led to him joining UTC. Eventually, he was made the chief executive officer of the firm in 2006. One of his hallmarks as CEO was that he didn’t ship manufacturing jobs overseas like many other American companies have done in recent decades. He has created a supply chain with facilities in six different states including New York, Georgia, Florida, Maine, Connecticut, and Michigan.

As CEO, Louis Chenevert was a visionary who recognized that what was good for his company’s suppliers was also good for UTC and the broader economy. While increasing the bottom line of UTC he also helped his suppliers grow and prosper as well so that they could provide the best parts possible.

At the end of 2014, Louis Chenevert stepped away from his role at UTC. He took almost a year off to spend his time sailing. He is now at Goldman Sachs as one of their exclusive advisors.