It’s mandatory to mention Louis Chenevert whenever the argument of legacy arises up at UTC, United Technologies Corporation. This legacy is attributed to Louis incredible achievements during his tenure as the CEO, Chief Executive Officer of this company. Gregory Hayes, the current Chief Executive Officer of UTC always remind his employees that the primary role of the CEO is to improve the company so that he leaves it at a better rank than he found it. He had a similar mentality when he worked at UTC. He retains a great focus towards the company fraternity, long-term goals and investment in innovation.
It’s credible for the CEO of any company to deliver realistic results after a short-term duration in an organization. The CEO is also supposed to keep checking on the future and the long-term achievement of the organization. UTC is ever dedicated to investing in both people and technology as well as recognition of any decision made directly affects the future success of the company. The company also referred to the former UTC CEO, Louis Chenevert whenever this discussion arises between the UTC employees. They always attribute it to his vision with Pratt & Whitney geared turbofan engine that gave this company a face-lift.
For you to grab the concept on how this particular engine in conjunction with UTC which became part of the similar conversation, we need to retrogress back to 1999 when he used to be the head of Pratt & Whitney. He discovered that this GTF engine needed to be bigger with time. Based on this factor, Chenevert combined the two immediately after he rose to power in 200 as the CEO of UTC. His vision was the critical factor towards this step as they had invested over 10 billion US Dollars and twenty years in designing and establishing the jet engine that altered the industry. It managed to reduce consumption of fuel by 16 percent and emissions by 50 percent. This engine is now flown by over 14 airlines on more than 70 aircraft. It’s through the input of his potential to see the future of the company and its investment that this deal came to reality.