In March 2006, the United Technologies Corporation had hired a new chief executive officer that they’d soon never forget. Louis Chênevert had achieved so much during his leadership at UTC before he had retired. He had helped the company reach new levels of status and become a major fixture for innovative developments in the United States. Louis Chênevert was born in Montreal, Quebec, Canada and graduated from the University of Montreal with a Bachelor of Business Administration degree in 1979. He was given the honorable Person of the Year title from the Aviation Week & Space Technology zine in 2011.
When Chênevert worked for Pratt & Whitney, an aircraft engine developer and designer, prior to UTC, he had seen first hand on how their cutting-edge Geared TurboFan engine was going to be a staple in the airline industry one day. As soon as he became the company leader of UTC, he had acquired Pratt & Whitney and had spent nearly twenty years on the development of the GTF engine. His company had invested in more than $10 billion for this jet engine, as it was great for reducing the fuel consumption by sixteen percent and air pollution almost in half. Today there are fourteen major airlines that primarily use these fuel efficient GTF engines in over seventy aircraft models flown worldwide.
Louis Chênevert was very keen when it came to investing in advanced technologies. He did more than focus on the present for his company, he had envisioned what the future would bring. Chênevert thought about the United State’s future economic growth and how he could help create more manufacturing jobs that wouldn’t end up being outsourced.