Louis Chenevert’s Legacy Continues to Champion Innovation
Canadian businessman Louis Chenevert has held a myriad of executive positions throughout his successful career, and it is through his continued trend of success, that his legacy casts such a wide shadow. As the former Chief Executive Officer of United Technologies Corporation, a company that is completely geared around the cultivation of advanced technology, Mr. Chenevert consistently pushed for innovation and forward-thought. Before joining UTC, Mr. Chenevert began working for Pratt and Whitney Canada in 1993, where after six years, he became President, and he later spent 14 years working for General Motors, eventually rising to Production General Manager.
Today, there is a legacy of high standards at United Technologies Corporation; one that was directly influenced by Louis Chenevert. During his time at UTC, Mr. Chenevert was responsible for the company’s significant rise during the recession, as well as for the acquisition of Goodrich; reportedly for a sum of $18.4 billion. Throughout his career, Louis Chenevert placed heavy emphasis on innovation, believing that investing in the latest tech, as well as in the education of the people that make up the company, is integral in the longterm success of the company. Gregory Hayes, the current Chief Executive Officer of UTC, has continued the sentiments created by Mr. Chenevert and has publicly supported the school of thought that suggests a CEO should leave a company in better standings that he found it in. Investment sits firmly at the heart of innovation and preparation for the future due to the significant impact that it can have on the economy, as well as the role it plays in the overall job market. There is also the belief that an educated workforce will create a self-soothing cycle, because, as new ideas are created by these educated workers, they’ll also be in a much better position to pay back the debts acquired for schooling. Mr. Chenevert’s commitment to innovation has helped to create a company in UTC, that today creates the most advanced jet engines, as well as a stronghold on the heating and air conditioning markets.