Louis Chenevert is a French-Canadian businessman who knows how to get the best out of the businesses that he has had. He has worked his way up the hard way and knows exactly what to do when the time is right. One of the businesses that he helped transform in eight short years is a company called United Technology Corporation; Chenevert turned it into a fierce competitor on the world stage.
Louis Chenevert took the reins of United Technology Corporation in 2006. In the eight years that he was President and CEO of the company, he has made the company very valuable. This company is now worth more than one hundred billion dollars. He accomplished this incredible feat by focusing the company to work on two different things. The first was making the highest quality engines the world has seen. He helped create the most advanced jet engine of it’s kind and that is a project he is very proud of. The second thing he focused on was the employees. He committed to his employees by creating and implementing the Employee Scholar Program. The company pays for the employees to further their education in their respective field of choice. As of now, more than forty thousand employees worldwide have taken advantage of this particular program. One particular country that has benefited greatly from this particular program is the United States. In this country, more than one billion dollars has been invested to help employees attain their college degrees.
Louis Chenevert had a distinct determination in making United Technology Corporation the success that it is. He took ideas that were very promising and would not quit on them or his employees until the idea was a roaring success. He inspired people to go above and beyond the call of duty in their fields. This is one of the many reasons that his legacy at United Technology Corporation will continue to live on in the minds of the people working there even though he stepped down from the company. It is a legacy to treasure.