Louis Chenevert is always mentioned whenever the success of UTC is discussed. His influence during and after his time at UTC is largely associated with UTC’s growth. While Louis worked at Pratt & Whitney, he noticed a particular GTF engine which he then felt would be something big in the future. Upon joining UTC, he brought the two companies together. These two then worked towards something interesting: a jet engine. This engine reduced the consumption of fuel by 16%. The emissions went down by 50%. Today, over 14 airlines use this engine.
When Louis thought of merging the two companies, his eye was firmly fixed on the future. Indeed, today a lot of talent has been hired by the corporation. More than 25,000 new employees stand to be brought in and 5,000 new positions created to boost growth and future innovations.
Louis Chenevert’s Life
Louis is a Canadian from Quebec. His first degree was in production management, which he earned from HEC Montreal. After graduation, he worked for General Motors for about 14 years. He later went to work with Pratt & Whitney, staying on for six years before being elected the company’s president. It was in 2006 that Louis, after a short stint at UTC, was elected to the position of chief executive and later president. His achievements earned him, in 2009, the Honor Award, courtesy of the National Building Museum. HEC Montreal, in 2011, awarded him an honorary degree. It was also in 2011 that Louis became Aviation Week & Space Technology Magazine’s Person of the Year.
Investing in People
Louis’ work at UTC is something that has been praised over the years. As CEO of the corporation, he not only focused on the corporation’s growth, but also in the employees. He was instrumental in encouraging and assisting his employees to undertake lifelong learning. The Employee Scholar Program played a major role in helping his employees earn degrees in whatever fields they fancied. Louis ensured that the corporation would pay full bill. This encouraged many of his employees to enroll for degree programs. Over 39,000 employees earned degrees courtesy of this program whose total investment was $1 billion.