Louis Chenevert’s Legacy Came from a Multi-Focus Plan

Louis Chenevert has left a legacy that we all would be wise to learn from and wiser still to follow.

His legacy began at HEC of Montreal, the extremely prestigious and respected affiliate of the University of Montreal. It was here that he received the Production Management Bachelors. He would use his wisdom here to begin changing the aerospace industry.

After a successful run in both General Motors and Pratt & Whitney, Chenevert would become the top official in the United Technologies Corporation, or UTC for short. It was here that he would do several things that would constitute his legacy.

Firstly, Chenevert set out a goal to grow and empower the people that already worked for him. Many Chief Executive Officers will not take the time to train the workers underneath them. They feel that they should just be fired and new and better employees should be hired in their place. Chenevert faced that decision early in his tenure as CEO.

There were several engineers who worked for a plant whose production was sinking significantly. Chenevert took the time to understand their skills and, rather than firing them, move them to a plant in Connecticut where their skills could be useful. As a result, both plants saw in increase in effectiveness.

Secondly, Chenevert let UTC to become environmentally safe. Gas emissions were a problem for UTC at one point. However, under Chenevert tutelage, the company cut gas emissions significantly. However, that is nothing compared to the water consumption that Chenevert saved.

Thirdly, Chenevert instilled into each and every worker the integrity to not cut corners in production, not to lie about costs, and to work their hardest.

From there Chenevert would acquire several companies to make UTC more competitive. He would go on to acquire Otis, the world’s largest elevator company. Also, and this would be record breaking, he acquired Goodrich for a grand total of $16.3 million.

It was through worker empowerment, environmental awareness, integrity, and acquisitions, that Chenevert was able to take the United Technologies Corporation and make it the $63 billion company it is today.