According to Gregory Hayes, the current CEO at United Technologies, investing begins immediately. An employee recently asked him what he wanted his legacy at UTC to be, and he responded that effective chief executive officers must first of all realize that they are the stewards of the companies they head. They have a responsibility of leaving their offices in better shape than before. He further explained that the only way to achieve this is to invest intensively in innovation.
Innovation investment also grows the suppliers of the business due to a rise in demand. The suppliers of UTC play a major role in ensuring that the company meets the customer needs and expectations. So far, the company has spent close to $40 billion on supplies within three years. The company also encourages its employees to continue learning and improving their skills, allowing them to earn degrees in different fields and taking care of the cost.
Louis Chenevert was born in 1958 in Quebec, Canada. The businessman is the former chief executive officer at United Technologies Corporation, and also served as the president of Pratt and Whitney Canada. The performance of Louis Chenevert was remarkable when he worked for the organization.
His rise to the top rank was due to his significant contribution to UTC gaining larger market share over time. Despite the fact that Louis Chenevert was appointed during a recession, his leadership saw the company share market price rise from $37 to $117.
No doubt, Louis Chenevert had an outstanding performance during the time he led the company. His contribution will always be remembered. Louis Chenevert is also a role model to many CEOs who have led the company after he left.