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UTC’s Most Successful CEO: Louis Chenevert November 13, 2017

Louis Chenevert will go down in history as one of the most successful CEOs who believed in both hard work and teamwork. He was born French- Canadian in Quebec. Louis attended the Universite de Montreal where he graduated with a bachelor’s degree in production management. His career began at General Motors where he worked for about 14 years before joining Pratt & Whitney in 1993. After six years of service, Mr. Louis Chenevert rose through the ranks to the presidency of Pratt & Whitney, a division of United Technologies Corporation. Later, he was elected to be the President and Chief Executive Officer of UTC.

Achievements

During his reign at UTC, Mr. Louis R. Chenevert achieved what most CEOs only dream and imagine. Louis was able to acquire Goodrich at $18.4 billion after lengthy negotiations with the management. His dedication to investing in both advanced technology and human effort surpasses that of any other leader. He emphasized that both human and technological capital are the essential vehicles for the success of any company. Mr. Louis introduced an initiative at UTC known as Employee Scholar Program which offers sponsorship to workers to ensure they are equipped with advanced skills and knowledge in the areas of their interest. More than 40,000 of the company’s employees have benefited from this program. Mr. Louis played a part in putting UTC at a competitive level with other firms by venturing into potential projects that could ensure the company meets its objectives. His unending motivation to his workers was also a key propeller of UTC’s success.

Mr. Louis Chenevert also spearheaded UTC’s Pratt & Whitney towards winning the legal rights to supply the US government with the F-35 engine. Currently, UTC’s Sikorsky unit is the leading manufacturer of helicopters in the United States. Mr. Louis leadership character was put to test when UTC was undergoing an adverse economic recession. Nevertheless, he relentlessly put back the firm in a better position, and they were able to achieve their objectives.Mr. Louis R. Chenevert willingly resigned as the CEO and President of United Technologies Corporation and gave way to his successor Edward Kangas. His legacy at UTC will live on forever.