The company believes that investing in the future always begins in the present. The company’s former CEO, Louis Chenevert, believes that an effective CEO is one that leaves their company in better shape than when they found it. The only way to accomplish this is to invest in people and innovation.
Louis Chenevert has many successes under his belt. In 1999, he was elected president of Pratt & Whitney, where he served for six years. Prior to his tenure at Pratt & Whitney, he worked at General Motors for 14 years. From 2011 to 2012, he served as Vice-Chairman of the Executive Committee of the Business Council.
Most recently, Goldman Sachs Group hired Chenevert as an adviser. Goldman Sachs has a robust history of investing in the aerospace and industrial sectors, and Chenevert would be the perfect fit for offering the insights, experience, and knowledge needed to create and sustain shareholder value for the company.
His awards include the Honor Award from the National Building Museum. HEC Montreal awarded Chenevert a doctorate honoris. In 2011, Aviation Week & Space Technology name Chenevert its Person of the Year. At 59 years of age, Chenevert is still going strong. People like Chenevert rarely retire–they spend their entire lives making an impact and simply transfer their knowledge and experience to other industry sectors.
Chenevert has a natural talent for knowing what makes things work in the industrial world. Industry experts say that he can walk in a factory and in 15 seconds discern what is working and what is not.