How Louis Chenevert Revolutionized United Technologies

Innovation and leadership are the keys to a business’ success. One such company that has those two keys is United Technologies. Louis Chenevert is the former chief executive officer of United Technologies Corporation, and a strong believer that current technology can give a company an edge among competitors. Louis Chenevert and the new CEO Gregory Hayes praises those companies who have the brains and business acumen to invest in the future with all available tools possible. As a leader they accept the obligation to follow through as stewards that a CEO must be.

According to Gregory Hayes and Louis Chenevert, stewardship is committing to invest in innovation as well as people. Hayes wants people to see that his legacy was built on improving the company and how he made it better than what it was when he took over as chief executive officer. Both Louis Chenevert and Gregory Hayes both acknowledged that investments in technology only go so far and therefore you must realize that companies are not the ones who innovate but employees do.

To showcase his stewardship towards the employees and dedication to continuing one’s learning, Louis Chenevert introduced the Employee Scholar Program that covers all fees for employees to earn degrees in a field of their choice. This program has been successful and has granted 39,000 degrees to United Technology employees worldwide since its inception in 1996. The company has invested more than $1 billion in educational pursuits throughout the United States.

However the crown jewel of the company is Pratt and Whitney’s GTF engine. Louis Chenevert has said it required a $10 billion investment and more than 20 years from the United Technologies business unit. The jet engine is the most revolutionary engines in the industry.

Louis Chenevert is currently an executive advisor at Goldman Sachs. In 2011, Louis Chenevert was named to the Cargill Board of Directors and became the chair of the Yale Cancer Center Advisory Board. Louis Chenevert has been featured in several magazines including aviation week, french tribune and even appeared on Fox Business Network.

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