Louis Chenevert Stamps Imprint On United Technologies Corporation

Louis R. Chenevert has blazed an unforgettable path with United Technologies Corporation during his time with the company. Chenevert worked for the company in a variety of positions and was the acting president and chief executive officer when he retired from his post in 2014.

Chenevert was a well-seasoned professional by the time he joined UTC and had already served as president of Pratt & Whitney, as well as the general manager of production for General Motors’ operation in St. Therese.

A large part of Chenevert’s legacy with UTC was the executive’s ability to deliver immediate results in pressure situations while always maintaining a careful eye on the long-term success of the organization. Chenevert has also been applauded for using the resources of the company to invest in its people and improved technology. When questioned about his decision-making process Chenevert explains that he learned early in his career that decisions made today were even more impactful in the future.

A situation that perfectly illustrates this point began when Chenevert was still president of Pratt & Whitney. Chenevert quickly understood that a particular engine used by Pratt & Whitney was going to be very popular in the future. When Chenevert became CEO of UTC he made sure that the company gained access to the engine and reaped great benefits.

Chenevert’s willingness to invest in technology was not only a key to the growth and success of UTC as a company but also positioned the company to become a key component of the U.S. economy. This is due to the fact that the many manufacturing jobs that were created by UTC have remained in the country. The company maintains plants of operations in the states of Florida, Michigan, Georgia, Maine, Connecticut, and New York. Furthermore, the production by these plants has necessitated a supply chain that involves every state in the country.

United Technologies Company will forever benefit from the foundation in place due to the efforts of Louis Chenevert and because of his vision, UTC is continuing to build on the unequaled growth and power they have established in the industry.

https://www.forbes.com/lists/2012/12/ceo-compensation-12_Louis-R-Chenevert_FTA5.html

Leave a Reply

Your email address will not be published. Required fields are marked *