When looking back at the historical success of United Technology Corporation it would be hard to list the success of the company without mentioning the former CEO Louis Chenevert.
Louis Chenevert a native of Montreal, Quebec with a bachelor’s degree in Product Management created United Technology Corporation into an engine manufacturing powerhouse. What made Chenevert a great CEO was that he was able to understand the present and the future of running a corporation.
Louis Chenevert had the ability to understand in order for a corporation to be successful the CEO must be able to lead the company positively in the short term while at the same time looking out for its future by investing in its people and technology. The success story of Louis Chenevert actually started back in 1999 when he was the President of the American aerospace manufacturer Pratt & Whitney. Chenevert saw back then that a particular GTF engine would could become a huge success in the years to come. (Learn Louis Chenevert’s Business Successes Past, Present and Future)
When Chenevert became CEO at United Technology Corporation in 2006 he brought that vision of the future with him. Chenevert started with United Technology Corporation making a $10 billion commitment over the next couple of decades by creating and establishing a jet engine that would be the envy of the industry. Because of Louis Chenevert vision the GTF engine actually reduced the usage of fuel by 16 percents and also the reduction of emissions by over 50 percent.
Louis Chenevert technological vision of the future enabled United Technology Corp to help the U.S. economy by keeping much needed manufacturing jobs here in the United States. Also due to the work of Louis Chenevert, United Technology Corporation is expected to create over 25,000 new workers within the organization in the years to come to be the foundation of new growth and creation measures. Read This Article for more information.
The vision and growth creation of Louis Chenevert did not go unnoticed within the engine manufacturing industry. In 2009 Chenevert was given the renowned National Building Museum Honor Award. Also in 2011 Louis Chenevert was named by Aviation Week & Space magazine its Person of the Year.
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