Louis Chenevert is one of the most highly respected businessmen of his generation, bringing success to every company that he worked for, but his most lauded accomplishments undoubtedly stem from his contributions to United Technologies Corporation. In order to speak about his time at United Technologies Corporation, his time as the President of Pratt & Whitney Canada, which he was elected to in 1999, must be mentioned. It was at this time, after spending six years with the company, that Mr. Chenevert became aware of a budding new technology regarding an innovative geared turbofan engine. He believed from the beginning that this new geared turbofan engine would have a profound effect on the world of travel.
After becoming the Chief Executive Officer of United Technologies Corporation in 2006, Louis Chenevert decided to bring the geared turbofan engine with him, effectively creating a marriage between United Technologies Corporation and Pratt & Whitney Canada. The uniqueness of the Pratt & Whitney geared turbofan engine lie in the fact that it would reduce the consumption of fuel by sixteen percent, while simultaneously reducing chemical emissions by fifty percent. After nearly two full decades of product research and development and over $10 billion in funding, the geared turbofan engine was created. Today, it is a staple in airlines all over the world, being flown in over 70 aircraft.
United Technologies Corporation is now a globally recognized company, and through Louis Chenevert’s willingness to invest in the latest tech, as well as the people to implement it, has paid off exponentially. His ability to maintain a habit of forward-thought has helped to change the trajectory of the entire manufacturing industry in the United States. With plants in Georgia, Florida, Maine, New York, and Connecticut, Pratt & Whitney, through their partnership with United Technologies Corporation, has helped to provide jobs for hundreds of thousands of people. By investing over $1 billion in these plants, the future of the manufacturing industry is primed for a continuous upswing, and over the next three years, United Technologies Corporation expects to create 5,000 new positions, gaining 25,000 new employees.