Louis Chenevert is undoubtedly an accomplished entrepreneur. His towering 6’5’’ stature is symbolic of his unrivaled accomplishments spanning across years of sheer hard work as CEO of United Technologies Corporation (UTC) and a general manager at General Motors. The French-Canadian native is an alumnus of the Universite` de Montreal with a Bachelor’s degree in production management.
Having gained over a decade in experience at General Motors, Chenevert deemed it necessary to advance in his career by working at Pratt & Whitney, which is an affiliate of United Technologies Corporation. After exuding unwavering dedication and commitment for the next six years, the board’s management opted to elect Chenevert as its President in 1999, a position he successfully held for seven years before taking over the CEO’s position at UTC.
While at the helm, Chenevert is credited with attaining stellar achievements to the $100 billion conglomerate. In essence, it took Chenevert a single year to achieve what most corporate executives take years to do. A case in point is UTC’s acquisition of Goodrich courtesy of Chenevert’s insightful leadership and keen business acumen. More impressive was the CEO’s influence and expertise in securing the purchase of the company valued at $18.4 billion.
The Role of Technology Advancement in Promoting Individual Growth
Successfully steering UTC depends heavily on groundbreaking technology coupled with efficient service delivery by its staff. Once appointed as CEO, Chenevert made it his life’s mission to harness his personal experience and knowledge to take UTC to greater heights. More important is the fact that he invested in the right technology to promote synergy with his staff.
According to Chenevert, the key to dominating the industry lies in investing in his staff; therefore, he developed the Employee Scholar Program. Through the program, employees can pursue further education at the company’s cost with the sole intention of creating the most skilled labor force in the market. Despite spending over $1 billion in educational programs, the benefits have been limitless.
Apart from the Goodrich acquisition, Chenevert also played an active role in securing the government contract for the supply of F-35 engines which effectively earned the company a “monopoly” status. Louis Chenevert is also credited with championing for regular improvements that can lead to consistent growth.