Louis Chenevert is the CEO and chairman of United Technologies Corporation. He has been the CEO since April 2008 and was elected chairman in 2010. He joined United Technologies Corporation ion 2006 as a Chief Operating Officer. Before joining United Technologies, Louis Chenevert was working in Pratt & Whitney as the President from 1999 to March 2006 after spending more than 14 years at general motors as the production manager.
Louis Chenevert is part of the US-India CEO Forum and chairs the Tax and Fiscal committee at the Business Roundtable. He is the chairman of Yale cancer Centers Advisory Board and is among Cargill’s Board of Directors. He was inducted in 2005 as the AIAA Fellow.
Louis Chenevert attended the University of Montreal where he graduated with a Bachelors degree in Commerce. He is the founder of Friends of HEC Montreal as well as the chair of the Board of Directors. Louis Chenevert believes that the success of a business is determined by the investment the company has made to the employees.
In a recent interview, Louis Chenevert offered the crucial tips that will help business owners invest in their employees and improve the company output. The first method is by optimizing the employee workplace by creating a conducive environment for them to work and be productive. The favorable environment is achieved by avoiding office politics and create more space like having an arcade game in the office where the workers can relax and have some fun.
The second most important investment is by rewarding the hardworking employees by creating awards like the employee of the month Awards and the gift certificates. If the investor is not willing to spend cash, heshe can reward them by doubling their lunch break period on that week. Louis Chenevert pointed out that the creation of the Employee Scholar Program is also essential in showing the employees that the company cares for them. The company may chip in supporting the employees in paying education expenses. In UTC, Louis Chenevert has created the employee scholar program that helps any employee in the company by paying for the whole education expense.