Louis Chenevert, Former CEO of United Technologies Corporation (UTC)
United Technologies Corporation (UTC) is a well-known global company with several investments worldwide. At United Technologies, management aims to continuously invest in technology, people as well as innovation. The company recognizes the fact that decisions made today have a great impact on the outcome of future success.
UTC expects to recruit approximately 25,000 people over the next three years in the U.S. Out of this number, there will be 5, 000 new posts to help support growth in their innovation platforms. Investments in innovation grows the business as well as the supplier’s business who play a primary role in helping UTC deliver their commitments to customers. The dedication and willingness of UTC to invest in various technologies will help support the U.S manufacturing and economy jobs.
The Pratt & Whitney GTF( Geared Turbofan engine) was on display at Capital Hill in mid-July this year. The GTF engine was a 10 billion dollar investment designed to change the industry. This engine reduces noise footprints by 75%, emissions by 50% and fuel burn by 16%. Having entered into service in 2016, the GTF is currently being flown by 14 airlines on seventy-two aircraft.
About Louis Chenevert
Louis Chenevert is a popular businessman who hails from Quebec, Canada. Mr. Chenevert served as the Chief Executive Officer and Chairman of United Technologies Corporation. Louis was also the President of Canada’s Pratt & Whitney Company. In 1999, Louis was elected president of Pratt & Whitney. In March 2006, he was elected as the Chief Operating Officer and President of UTC. However, Mr. Chenevert stepped down as UTC’s Chief Executive Officer on December 8, 2014, and was replaced by Edward Kangas.
Louis holds a bachelor of commerce degree in production management from HEC Montréal, which is an affiliated Business School of the University of Montreal. In 2011, he received a doctorate honoris causa from HEC Montréal. Apart from that, he has been serving as an Exclusive Advisor at Goldman Sachs in the Merchant Banking Division from September 8, 2015. Louis is a recipient of the 2009 Honor Award from the National Building Museum. In 2011, Chenevert was named Person of the Year by Aviation Week & Space Technology, the U.S. aviation trade magazine.