Louis Chenevert has accomplished a memorable amount of great things during his time at United Technologies Corporation.
Louis Chenevert was the president of Pratt and Whitney in 1999 and learned about turbofan engines. When he became the CEO of United Technologies Corporation in 2006 he brought that knowledge and his understanding of how GTF technology was key in reducing fuel consumption. He put billions into designing a jet engine that employed that technology and changed his industry forever.
He had insight others didn’t into what UTC could be and invested into technology that moved that vision forward. Without his investments and his belief in the technology, the company would never be where it is today. In the article, it’s mentioned that the current CEO Gregory Hayes tells his employees it’s his job to leave the company better than how he found it. Chenevert did just that with UTC.
Louis Chenevert is known as a pioneer in the aerospace industry. He started working with General Motors and moved up until he became the Production General Manager.
Pratt and Whitney, the aerospace manufacturer, was looking for someone to come in and turn things around. That’s what Chenevert did when he took over. Since they are a subsidiary of United Technologies Corporation he was able to marry the two and be competitive in all things civilian and military when it came to a wide variety of products.
One of the most notable things he did during his time as CEO was work out the buying of Goodrich. The Goodrich Corporation was an aerospace manufacturer and had been a huge producer of rubber for the entire world. He wanted to acquire the company to take advantage of the aircraft component of the company. In 2011 he purchased the company for a little over eighteen billion and pushed UTC up to become a multinational conglomeration.
After accomplishing everything he wanted, he stepped down as the CEO in 2014. This was a move that shocked a lot of people since UTC was doing so well. He now gets to design yachts and enjoy being retired.