In the present age, investing in the newest technology can give a company a competitive advantage over its counterparts. Both the current and former CEOs of UTC, Gregory Hayes and Louis Chenevert, respectively, firmly believe in this statement. As such, they applaud enterprises that depict the acumen and foresight to invest in the future using the latest modern equipment out there. Through holding leadership positions, Louis and Gregory agree to execute the stewardship duty accompanied by such posts.
Louis Chenevert is acknowledged for his instrumental role in the development of the GTF engine by Pratt & Whitney. As such, he has all the reason to take pride in the company’s developments and products. Although he was appointed to serve as UTC’s CEO during the subprime recession, he led the company to attain significant achievements including surpassing powerful companies like RCA and Zenith.
Chenevert led UTC into one of the dominant companies in refrigeration, heating and air conditioning market. The company is also known for assembling the globe’s most modern jet engines. Moreover, the Goodrich acquisition deal accentuates his extraordinary business acumen and patience.
About Louis Chenevert
Louis Chenevert is a prominent Canadian businessperson. He is well-known for holding key roles at United Technologies Corporation including being the CEO and chairperson of the company. Louis is an accomplished alumnus of HEC Montreal, a University of Montreal’s affiliated business school, where he earned his bachelor of commerce degree in production management. He was appointed as Pratt &Whitney’s president in 1999 after devoting six years of his career with the company. Before joining Pratt & Whitney, Louis worked at General Motors for 14 years. In 2006, Louis was appointed as COO and president of UTC before stepping down as the company’s CEO on December 8, 2014.
Over the years, Chenevert has held membership roles in various organizations such as the Business Council, where he was the vice chairperson of the council’s executive committee. Additionally, he took up an executive advisor’s role at Goldman Sachs’ Merchant Banking Division. Apart from his leadership positions, Louis Chenevert is the 2009 National Building Museum’s Honour Award recipient. Furthermore, in 2011, US Aviation Trade Magazine’s Aviation Week & Space Technology named him Person of the Year.
See Chenevert speak here: