How Louis Chenevert’s Strategy of Investing on Modern Technologies and New Talent Benefited UTC

Louis Chenevert is a celebrated executive of French-Canadian origin. He is widely known for his exceptional leadership when he served in the capacity of chief executive officer and board chairperson at United Technologies Corporation (UTC). Besides UTC, he also worked at General Motors as a general manager.

Academic Background

Chenevert attributes his exceptional leadership skills from self-learning and the education he obtained from schooling. He went to the University of Montreal’s HEC and attained a bachelor’s degree in production. This undergraduate degree prepared him for his general manager and CEO roles respectively at General Motors and UTC.

Work Experience

Prior to joining General Motors, Louis Chenevert was an employee of Pratt & Whitney. He got promoted to president after serving in different capacities at the Canadian company. Pratt & Whitney operates as a division of United Technologies Corporation. Chenevert served in the president position at Pratt & Whitney before being promoted to UTC’s CEO.

United Technologies Corporation

Chenevert’s tenure at UTC was full of impressive achievements. For instance, he worked tirelessly with other staff members for the company to be valued at $100 billion. Chenevert and his team achieved this goal in one year by investing more money in acquisitions. UTC’s most notable acquisition was Goodrich, which was acquired for $18.4 billion.

In addition to acquisitions, Louis Chenevert also focused his leadership abilities on promoting the growth of UTC’s professional team and advancement of technology. He was on a mission to use the company’s resources to invest in modern technologies and hiring new talent. Thanks to his ambitious efforts, UTC has an Employee Scholar Program. The program is aimed at funding UTC’s employees interested in furthering their studies. It has supported more than 40,000 individuals since its launch.

Louis Chenevert left United Technologies Corporation back in 2014. He was succeeded by Edward Kangas, who held the position of independent director at UTC. After his departure from the firm, he accepted a job offer at Goldman Sachs to serve as an exclusive advisor. His job entailed providing advisory services to Goldman Sachs’ Merchant Banking Division. Chenevert is still remembered at UTC for the foundation that he laid there.