Louis R. Chenevert has had quite a career in the aerospace and technological fields. He is a French Candian who left United Technology Corporation in much better shape than when he started as its president and CEO in 2006. He is now a special advisor to the firm of Goldman Sachs. He has left an indelible legacy that most CEO’s would envy. He did it only eight short years as well which is a remarkable feat, to say the least.
Louis Chenevert began at United Technology Corporation by doing two key things to make the company a viable competitor on the world stage. First, he focused his attention on getting the most cutting-edge technology possible for the company. He did this by helping to create one of the most advanced engines of its kind. With his investments in the latest technology, he allowed the company to compete for major contracts like Rolls Royce. This, in turn, helped lift the company to a value of over one hundred billion dollars.
The second thing he did was to invest in his employees. He did this by creating the Employee Scholar Program. This allows employees of the company to go to college to attain their degrees in their respective fields. As of now, more than forty-thousand employees of the company have taken advantage of the opportunity given to them Louis Chenevert. Even more astonishing is that more than one billion dollars have been invested in the United States alone in order to further educated his workers. This is quite a legacy for him to leave and why his workers push themselves to be better people.
Louis Chenevert has been a major player at United Technology Corporation. He has made the company far better and more advanced than when he began. It was his goal all along.