Over the course of his career, Louis Chenevert has been able to accomplish a lot. His contributions at United Technologies Corporation is one of the major reasons why it has grown by leaps and bounds. Currently, he is engaged as an adviser at the Goldman Sachs Corporation. His mandate at the company entails working at the merchant banking division of the bank. Before joining the Goldman Sachs Corporation, he had been serving at the United Technologies Corporation as the CEO.
Leading the company is not a mean achievement for any executive. Currently, the conglomerate has a value of more than 100 billion dollars. The continued growth of the company can be explained by a number of things he did when he was at the helm. First and foremost, his commitment to investing in the most advanced technology is one of the reasons why it has grown significantly. By using the knowledge that he had gained over the years, the company has been able to improve a lot. The experience that he gained in his previous positions also came in handy in the management of United Technologies Corporation.
According to Louis Chenevert, investing in technology is likely to enhance the growth of the company. However, investing in people will enable the company to reach new heights within a short period of time. Ever since he assumed his position at the UTC, he was able to invest in employees significantly. For instance, the Employee scholar program has been used for training employees at the company for quite some time.
For employees who seek to further their education, the company is ready and willing to sponsor them. The program has been in existence ever since 1996. Ever since, the program has facilitated the training of more than 40,000 employees. In a bid to further the education of its employees, the company has spent more than 1 billion dollars. This program has been of huge benefit to the employees of the organization. It is also important to note that the company has gained a lot as a result.
Ever since he joined the company, it experienced a renaissance. It is important to note that the company had been struggling before he joined its ranks. The growth of the company has been reflected in the appreciating values of shares. At the stock marketing, the value of the company’s shares has risen by more than 200% in less than a decade.