Louis Chenevert had a high record of success in every company that he worked for. Displaying an uncanny level of business expertise, he rapidly climbed to the top of Pratt & Whitney, reaching the position of President after only six years with the company. It was his time with Pratt & Whitney that led him to change the course of an entire company, as well as the manufacturing industry in the United States when he became the Chief Executive Officer of United Technologies Corporation seven years later. While at Pratt & Whitney, Mr. Chenevert became involved with the development of an innovative new geared turbofan engine; a project with so much potential, he continued its production upon becoming the Chief Executive Officer of United Technologies Corporation. After development period that lasted the better part of two decades, he changed the way in which people fly around the world when he introduced the geared turbofan engine to the masses. This geared turbofan engine required much less fuel to operate than anything that was currently on the market, while also cutting gaseous emissions in half. While airlines, as well as their aircraft, were permanently changed due to the drastically increased efficiency, it’s demand also created numerous jobs for people throughout the U.S.
While with United Technologies Corporation, Louis Chenevert received a multitude of prestigious awards, including being presented with the Honor Award by the National Building Museum, as well as being named “Person of the Year” by Aviation Week & Space Technology. It was his style of forward-thinking that allowed to come to the realization that by staying ahead of the curve, consistently keeping his eye on innovation, he would be able to build his company into the juggernaut that it is today, while also helping to create a market for his suppliers. This created a win-win situation for United Technologies Corporation due to the increased bottom line, as well as the constantly growing consumer base. Today, Pratt & Whitney is able to outsource the vast majority of the parts to suppliers in the United States, for which United Technologies Corporation has spent billions in partnership.