United Technologies Corporation has had a long history of success. This is due in part to their prior President and CEO Louis Chenevert. Elected to be the President of this company in 2008, Mr. Chenevert had already built the trust of those he worked with during his time as the Director of the company. What has he done with the company since that time?
Mr. Chenevert’s early days were spent working with General Motors. It was at a later date the he went to work with Pratt and Whitney in 1993. Due to his success in each position he held, he was a highly coveted employee to bring on board. All of this experience prior to his time with UTC was ideal for his training to prepare for the greater work ahead. How did he make UTC a global force?
If you were to talk to the current CEO of UTC today, he would tell you that he had big shoes to fill. Gregory Hayes has mentioned in recent interviews that Mr. Chenevert was a good steward of the company’s resources, and that he left it better than he found it. Additionally, he led the company by focusing on what was long-term. What would bring the greatest amount of success in the future without making rash decisions or overspending with the company’s budget?
The second greatest compliment that Mr. Chenevert could ever hope to receive, was that he was also one to lead with measurable results. He could deliver, but he could measure it. Setting well thought out goals for the short-term, he was able to set his sights on the long-term. One of his most important points while serving in this position was that he believed it was best to invest in his people. His belief that investing in good people and good technology would only cause the company to excel at a later date.
Mr. Chenevert carried this torch to every company he served. His innovation at Pratt and Whitney prospered the company in a way they never imagined. Today, Mr. Chenevert is still regarded as one of the most successful businessmen in Canada.