Investing in technology has the biggest chance of making any company very competitive. This is a notion that is held highly by former CEO of United Technologies Corporation, Louis Chenevert, and current CEO Gregory Hayes. They also believe that great leadership also plays a big role in making any company successful.
Chenevert personally believes that great leadership is all about investing in the latest technology and the employees of any given company. This is why he went ahead and massively invested in employee education and training. This was his dream and vision during his tenure at UTC.
Since his appointment as the CEO of UTC back in 2006, at a time the American economy was below par, he turned the face of the company in terms of overall growth. The company performed at its highest and delivered in its service to assemble some of the world’s most advanced jet engines, refrigeration and air conditioning systems and helicopters.
Of particular praise is the aerospace system unit that managed to produce the Geared Turbofan (GTF) which was regarded as a technological feat in UTC history and Chenevert Tenure.
Before being CEO of UTC, Chenevert worked as president at GM motors at the start of his career. He was the Production General Manager of its St. Therese operation. After leaving GM and before joining UTC he served as the president of Pratt & Whitney, from April 1999 to March 2006.
Besides the company life, he also serves in other different capacities in various organizations. He is a member of the Executive Committees of the Business Roundtable and Board of Directors for Cargill; others include; the Congressional Medal of Honor Foundation and is Chairman of the Yale Cancer Center’s Advisory Board.
The French-Canadian is a graduate of the University of Montreal, School of Business, where he graduated with a bachelor’s honors degree in Commerce with majors in production management.
His career highs include: striking an $18.4 billion deal to acquire Goodrich a feat he achieved in just less than a year. Another key career high and the one which he forever will be proud of will be the development of the Geared Turbofan that was hailed as the best technological Innovation by the airspace stakeholders.
Watch Louis Chenevert speak: