Despite his many successes, Louis Chenevert is, perhaps, best known for his time as the Chairman and Chief Executive Officer of United Technologies Corporation. Before exiting the company in 2014, Louis Chenevert had successfully built the, already reputable, corporation, into a worldwide powerhouse and a leader in the field of aerospace. Today, under the leadership of its current Chief Executive Officer, Gregory Hayes, United Technologies Corporation continues the culture built and cultivated by Mr. Chenevert.
After spending more than a decade working for General Motors, acting as its Production General Manager, Louis Chenevert shifted his career focus to aerospace, joining Pratt & Whitney Canada in 1993. He would spend six years with Pratt & Whitney before ascending to the position of President. During this period, Mr. Chenevert took particular interest in the development of a new geared turbofan engine, viewing it as a game-changer due to its lofty expectations. In 2006, Mr. Chenevert would join United Technologies Corporation as the Chief Executive Officer, and he immediately prioritized the completion of the geared turbofan engine he’d observed in 1999. In total, United Technologies Corporation would invest more than $10 billion over the course of two decades towards its completion. Upon completion, the new geared turbofan engine proved to align with Louis Chenevert’s vision, as it reduced engine emissions by 50 percent and gas consumption by 16 percent. Today, UTC’s geared turbofan engine is one of the most widely utilized in the airline industry, occupying more than 70 aircraft, and used by 14 companies.
Interesting development in the aerospace sector: https://t.co/9xzKKNQ3sH
— Louis Chenevert (@louis_chenevert) February 20, 2018
Louis Chenevert’s successes within the aerospace industry have also meant a number of successes for the American workforce, as his innovative approach during his UTC tenure, has led to the creation of manufacturing plants in places such as Michigan, Florida, Maine, Connecticut, and Georgia. Through these factories, virtually every state in the country has come to play a role in production for United Technologies Corporation, and over the next three years, the company plans to create more than 5,000 positions that will create employment for 25,000 people.