Mr. Chenevert has impressively performed as the conglomerate leader, with a list of achievements that can be valued at $100 billion. Many corporate executives have failed to achieve his one-year performances in their whole period in the positions. The business guru strived to devote his knowledge and experience towards improving the company standards, an attribute that should be employed by each employee whether as a summer intern or CEO. Mr. Louis R. Chenevert mostly emphasized on directing investments to the appropriate technology alongside investing in the right staff to take the company further.
One of the clearest indications of UTC’s commitment to investing in its employees is the Employee Scholar Program. It was established to cover the expenses of pursuing further education of the staff in their respective fields. More than 40,000 UTC employees across the globe have been able to attain degrees thanks to this program. Over the years, the company has spent over $1 billion in this project in the United States alone.
Forbes identifies Mr. Louis R. Chenevert as the champion to the improvements that have ensured consistent growth in UTC. Notably, the CEP was appointed in 2006 during the subprime recession that led to the collapse of several industry giants. He used his experience and knowledge to navigate the company through the treacherous condition of the economy. Mr. Chenevert resigned from the position on December 8th, 2014.