Louis Chenevert: A Driving Force Behind the Future Success of UTC

Louis Chenevert has accomplished so much during his life and especially during his time spent with United Technologies Corporation (UTC) as its CEO. He is no longer UTC’s CEO, but there is no doubt that he left his mark on the company. Any CEO should always keep their eye on the company’s bottom line and work on getting results that can be measured, and that’s exactly what Chenevert did. One of his greatest moves was how he merged Pratt & Whitney with UTC to give the company the geared turbofan engine, which forever changed UTC.

It was during 1999 that Louis Chenevert saw the huge potential of the GTF engine, and when he came aboard as the CEO of UTC, he combined the companies. The company invested more than $10 billion into creating the jet engine, and today, the engine is used by 14 airlines on more than 70 aircraft. It has always been the case that Chenevert’s eagerness to invest in tech has pushed UTC forward, and this is still the case today, after he has left the company. His vision has allowed UTC to become a company that is hiring thousands of new employees, and it also provides a huge boost to the U.S. economy. Today, UTC is putting more than 25,000 people to work and is looking to create jobs for 5,000 more soon.

Louis Chenevert was born in Quebec, Canada, and he studied at HEC Montreal where he earned his Bachelor’s Degree in Production Management. He worked with General Motors for 14 years before coming aboard with Pratt & Whitney where he quickly became the President. In 2009, he received an Honor Award from the National Building Museum, and in 2011, HEC Montreal gave him an honorary doctorate. When Chenevert took the reigns of UTC as its CEO, he quickly made moves to invest in the people who worked for the company, and part of this effort was to continue UTC’s

Employee Scholar Program. This program helps UTC employees to get a degree in any field they desire, and the company pays for the entire degree. More than 39,000 people have earned degrees through this program, and thanks to Louis Chenevert, UTC is thriving today.

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