In order to maintain a successful corporation as the Chief Executive Officer, it is important that one maintains a full commitment to the company’s future trajectory, while also delivering results that can be quantified over the short term. Although Louis Chenevert is now the former Chief Executive Officer of United Technologies Corporation, his blueprint is still followed by the current CEO, Gregory Hayes, which has continued to prove invaluable to the company’s success. Prior to becoming the Chief Executive Officer of United Technologies Corporation, Louis Chenevert attended HEC Montreal, where received his bachelor of commerce degree in production management.
Louis Chenevert would spend fourteen years working for General Motors before joining Pratt & Whitney Canada, for which he would become President in a mere six years. It was while Mr. Chenevert worked at Pratt & Whitney that he came across a budding new technology regarding plane engines, and when he was elected Chief Executive Officer of United Technologies Corporation in 2006, he felt that it would be of great importance to bring this technology with him for further development. While at United Technologies Corporation, Louis Chenevert implemented a culture that relied heavily on forward-thought, as well as education regarding his current employees.
By investing in the education of his workforce, innovation always stood firmly at the helm, making for a growing corporation without limits regarding future production. Over the course of the next few years with investments by United Technologies Corporation exceeding $10 billion, the development of the engine technology would result in the creation of the GTF. The GTF would be able to utilize nearly 20 percent less in fuel, while also cutting emissions in half when compared with their existing counterparts. The development of the GTF engine would be a resounding success, resulting in an engine that is now used by over fourteen major airlines in over seventy aircrafts. This success, among his many others, has led to a profitable and sustainable culture within the walls of United Technologies Corporation, as well as blueprint that many other major corporations around the world have begun to implement.