The legacy that Louis Chenevert left at United Technologies Corporation is unmatched in the business world. He laid a lasting foundation that has maintained the firm at the top to date and for years to come. His bachelor’s degree in production management earned from Université de Montréal, École des Hautes études commerciales (HEC) has played a major role in his successful career.
Louis Chenevert joined UTC in the early 90s, working for its business arm, Pratt & Whitney Canada. His impressive work led to his appointment to the post of the President responsible for the whole business division of Pratt & Whitney in 1999. Seven years later, he rose to the position of the CEO and President of United Technologies Corporation. Louis got down to work immediately after his appointment and went on to mark tremendous achievements.
When taking up the top position at UTC, Louis Chenevert had the vision of leaving the place better than it was before his tenure. He knew he would achieve the dream by investing in technology and human resource. According to him, technology can take an organization far while the right human resource can take it further. UTC is known to empower its staffs through education under the Employee Scholar Program. More than a billion dollars has gone into catering for education fees of more than 40000 employees over the years. Louis always steered the company towards adopting modern technology that he believed could give the company a global competitive edge.
One of the most remarkable achievements of Louis Chenevert at UTC remains the successful negotiations and ultimate acquisition of Goodrich. In just a year as the head of the firm, he closed the $18.4 billion deal. His other notable attainment was winning a contract to supply the F-35 engine for US Air Force. Chenevert also played an active role in the development and marketing of Geared Turbofan (GTF) engine by Pratt & Whitney.
About Louis Chenevert
Prior to joining UTC, Louis Chenevert had worked at General Motors for over ten years. He was in charge of St. Therese operation as the Production General Manager. He resigned from UTC in 2014. Currently, he is engaged as the Exclusive Advisor at Goldman Sachs’ merchant banking branch.
Parents always have a great impact on their children. This is true in the story of Betsy DeVos because her parents, a number of years ago made a great impact of teaching her stewardship. She also learnt the need to support worthy courses in the community. Betsy also learnt the need to educate others and teach them subjects like art. Over the years, she has been passionate about bringing radical changes in the education sector and fighting for justice and good leadership. Betsy and her husband Dick DeVos have highlighted that they are ‘following the footsteps of their parents.’
Betsy has been passionate about education, which has led her to start education centers such as West Michigan Aviation Academy, ArtPrize and American Federation for Children. She has also sponsored other initiatives in health care such as Helen DeVos Children’s Hospital Pediatric Oncology Program. Her foundation has also funded Success Academy Charter Schools, The Potter’s House School and Alliance for School Choice.
The philanthropy work has also been extended to universities and colleges. One of them includes University of Maryland College Park Foundation. The School Missionary Aviation, Ferris State University, Daveport University are some of the other institutions that have received help from the foundation. The foundation has also given over $100 million from 1999 to date. Betsy DeVos has been influential in supporting over 33 public schools where 250,000 students are in 17 states. Betsy is also passionate about tearing down a system of education where students are assigned schools just because of the zip code of their home location. With her new appointment as the education secretary, much is on the waiting list. This is because many people believe she will spur even more growth and changes in the education sector.
Background of Betsy
In 1958, an unstoppable education champion was born and given the name Elisabeth Prince. She was the daughter of Elsa and Edgar Prince. She attended Holland Christian High School near her home in Michigan. Later, she earned a bachelor degree of Business Administration and Political Science from Calvin College, Michigan. She became a member of Christian Reformed Church. Betsy DeVos is happily married to Dick DeVos and together they have three children.
Today, she is the choice of United States President Donald Trump for the position of the secretary of education. Her passion for education has given her the opportunity to touch the world. Together with her family, she is valued at $5.3 billion net worth. However, a real value would be placed on the education changes she has been able to implement. More worth still is in the donations made throughout her philanthropy work. The 59 year old education mogul spearheads American Federation for Children. Previously, Betsy DeVos was the leader of Foundation for Excellence in Education.