The goal of any CEO should be a balance between short-term and long-term success, and United Technologies Corporation knows that decisions made today will have a direct impact on what happens in the future. This vision came to life when then-CEO Louis Chenevert invested in the Pratt & Whitney Geared Turbofan Engine. Chenevert was the president of Pratt & Whitney, and he knew that this particular engine had the potential to be something big. So, after leaving the post and becoming the CEO of UTC, he knew there was a potential to combine that idea from Pratt & Whitney with his work at United Technologies Corporaton.
They invested in the engine, and now it is used in more than 70 aircraft across 14 airlines. His creative approach and instrumental ideas came from years of hard work and practice. After receiving a bachelor’s degree from HEC Montreal, he spent 14 years working for General Motors. Then, he moved to Pratt & Whitney, where after 6 years he became president of the company. Then, he became UTC’s CEO and President, continuing to be rewarded with multiple honors and prestigious awards.
Through his investment in the company then, he saw the potential for more workers to be hired in these booming industries. He was truly a visionary for not only seeing the potential to grow his company through the intersection but also by focusing on the suppliers’ role in the industry. His attitude was incredibly positive, and in this way, he was able to grow the businesses of everyone involved in the investment, showing the humility and level-headed thinking that came from Chenevert. (See Louis Chenevert’s Business Successes Past, Present and Future)
Due to Chenevert’s efforts to place a foundational expertise for the company, UTC continues to create a competitive business environment. With his groundwork, the company will continue to grow and aspire to do better things in the short-term and the long-term for everyone involved in the industry. Click Here for more information.