Louis Chenevert will Forever Retain a Legacy at United Technologies Corporation

Although he had a substantial career before becoming a part of United Technologies Corporation, the name Louis Chenevert will forever be linked with UTC. As the CEO, his achievements as a corporate executive have rarely been matched. The value of UTC is nearly $100 billion, and Louis Chenevert began by adding Goodrich to their assets. His intelligence was responsible for not only his investments in the most advanced technology, but his investments in people. He simply decided he would make major improvements within UTC, leave the company in even better shape than when he came to work there, and he made it happen.

Louis Chenevert stood behind the Employee Scholar program. This program was an investment in UTC employees, and paid for them to pursue their education. More than 40,000 employees improved their lives with degrees they earned through this program. The $1 billion investment benefited not only the employees, but the company as well. This was an excellent example of the leadership of Louis Chenevert, and he chose projects with the same care.

Louis Chenevert passed his philosophies to Gregory Hayes, the current CEO of UTC. Both men believe the latest in technological innovations are imperative to UTC, and both men have committed their careers to the same mission, and vision. This has given UTC an edge on their competition, and contributed to the success of the company. Due mostly to Louis Chenevert, UTC became the sole supplier for the United States government of the F-35 engine. Both General Electric, and Rolls-Royce declined the manufacturing offer made by UTC for an alternate engine.

Louis Chenevert believed in the Sikorsky unit, and they are the top helicopter manufacturer in the United States. He improved UTC’s market share, and was the main reason UTC fared so well through the recession in 2006. Louis Chenevert resigned as the CEO in December of 2014. By this time, he has already built the foundation allowing UTC to dominate the market. His strategies left the company with advantages over the competition still in effect today. Louis Chenevert is a legacy at UTC, and his vision remains an integral part of the business.




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