The Story of Louis Chenevert

Louis Chenevert, former CEO and chairman of the company United Technologies Corporation, has had a major impact on the business world during his career. He began his career by serving as Production General Manager at General Motors for 14 years. Next, he went on to work at Pratt & Whitney in 1993, eventually becoming president of the company from 1999 to 2006. After that, he went on to work at United Technologies Corporation, or UTC, to eventually take on the role he is now most famous for. He was elected President and CEO of UTC in 2008 as well as Chairman in 2010. Chenevert also is a member of the Executive Committees of the Business Council as well as the Business Roundtable. He is also a member of the US-India CEO forum.

Louis Chenevert was able to come in and completely change the future of UTC when he took over as CEO. He was able to realize there was potential in the Pratt & Whitney geared turbofan. He was able to recognize how big of an impact this type of GTF engine would eventually have on the world while he was still president of Pratt & Whitney in 1999. Once Chenevert later began working as CEO for UTC, he had the idea to marry the two companies together. UTC invested over $10 billion and two whole decades into developing this particular jet engine. The GTF is currently flown by more than 14 airlines and on more than 70 different aircraft because it lowers emissions by over 50 percent as well as reduces fuel consumption by 16 percent.

 

Chenevert was able to realize the importance of investing in technology in order to help the company continue to grow and stay strong for many years to come. His ideas have resulted in many new U.S. manufacturing jobs being created. There are currently Pratt & Whitney plants in New York, Florida, Georgia, Connecticut, Michigan, and Maine. In just the next three years, UTC is expecting to create over 5,000 new positions as well as provide jobs for more than 25,000 people.

 

https://www.crunchbase.com/person/louis-r-chenevert#/entity

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