Often times the Chief Executive Officer of a company remains somewhat detached to the necessities of his employees, tending to focus strictly on the company. While it is true that it is the job of the Chief Executive Officer to maintain an adequate level of success over for the short term, it was Louis Chenevert’s belief in investing for the future that led him to seek out the latest and most innovative forms of technology, as well to create a work environment that allowed his employees the best opportunity to thrive. In order to do this, he decided to champion education, offering free schooling for his employees. It was his belief that by placing heavy emphasis on innovation regarding the direction of the company, as well as for the people who made it operate so efficiently, United Technologies Corporation would constantly remain at the forefront.
Louis Chenevert received his education from HEC Montreal, which is a subsidiary of the University of Montreal. He would go on to spend over a decade working for General Motors, helping it to thrive during bitter economic times. While his record of success had already been firmly cemented, it was his time with Pratt & Whitney Canada that would change the course of his career, as well as the companies that he headed. With a mind that was always linked to the future, as well as all things innovative, Louis Chenevert quickly recognized that the geared turbofan engine being developed by Pratt & Whitney at the time would change global transportation forever.
In 2006, after being elected Chief Executive Officer of United Technologies Corporation, Mr. Chenevert continued the development of the geared turbofan engine, effectively creating a perfect marriage between the two corporations. After the success of the geared turbofan engine, which is now utilized in over 70 type of aircraft around the world, United Technologies Corporation, as well as Pratt & Whitney, would begin to make a mark on the global stage. Today, Chief Executive Officer of United Technologies Corporation, Gregory Hayes, continues to utilize many of the processes belonging to Mr. Chenevert’s school of thought, helping it to remain a juggernaut within the business world.