Louis Chenevert served for over a decade at General Motors. After this, he joined the Pratt&Whitney business unit of the massive United Technology Corporation (UTC). After serving Pratt&Whitney Canada for six years, Louis Chenevert was elected as the president of the entire Pratt&Whitney division in 1999. He held this position for seven years before getting elected the president of and the
During his reign, there are remarkable accomplishments that Louis Chenevert had achieved as the head of the Conglomerate. He was worth approximately $100 billion. A couple of corporate executives have to accomplish throughout their entire career what Chenevert can achieve in one year. Among his major points of focus early was Goodrich acquisition. After over one year of negotiation with the leaders at Goodrich, they settled on $18.4 billion worth of an acquisition deal.
Promoting Advancement of Technology and Growth of Individuals
Stewardship for UTC-and definitely for Chenevert is composed of committing to investing not only in the most improved technology but also in people. Louis Chenevert made it his sole mission to make good use of his knowledge as well as his experience to make vast improvements in the company and leave to a higher notch that he necessarily found it. This need be the major principle of any individual in an organization whether a CEO or even a summer intern. He always used to put more emphasis on the fact that any investment that is in the right tech will take a company far ahead and that the investment in the right people will push it forward.https://www.bloomberg.com/news/articles/2015-09-08/goldman-sachs-hires-former-united-technologies-ceo-chenevert
In UTC, Company’s Employee’s Scholar Program is one of the most superior illustrations of its determination to investing in its people in conjunction to nurturing their development. This caters for the expense of the employees who look forward to pursuing further education based on their respective careers. Since 1996, at least 40,000 of the UTC employees all over the world have attained a degree. Much gratitude to the program. In the US in particular, UTC has been able to invest $1 billion in the educational pursuits over the past years as well as the benefits to the employees at a personal level and corporation on a larger scale are self-evident. The baseline for all this success I go to Louis Chenevert for his exceptional dedication to the UTC Company. He is a hero in the making.