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.