Why Louis Chenevert Created the Geared Turbofan Engine

Louis Chenevert is the former CEO of United Technologies Corporation, known in short as UTC. While at UTC, he achieved many great successes and high points in his career. UTC also experienced great success, even though it was at a time when the economy as a whole was not necessarily doing that well. Louis Chenevert is considered one of the leading factors behind many great successes of United Technologies Corporation. Some of these are obvious to anyone who looks into the matters being discussed.

One example is the merger of Goodrich and United Technologies Corporation. Louis Chenevert worked behind the scenes for an entire year. He worked hard negotiating a deal that would be agreeable to both parties. Eventually, he managed to figure something out that both sides agreed upon, which led to United Technologies Corporation purchasing Goodrich for well over eighteen billion dollars.

The Geared Turbofan Engine is an engine that Louis Chenevert decided to create. Some people thought at the time that it was not worth investing one billion dollars into the engine. However, they were all proven wrong when Louis Chenevert was proven right. His engine was chosen by Airbus for one of their items. Pratt and Whitney were able to offer a strong product that they did not have for twenty years or so. More than fourteen airlines now use this engine on dozens of aircraft. There is no doubt as to the reason why it is so popular. Not only is the Geared Turbofan Engine extremely efficient, it also reduces emissions by fifty percent and fuel consumption by sixteen percent. It is truly an innovative idea.

Louis Chenevert is the one who came up with the idea, and without him, it would never have happened. Not only did he come up with the idea, but he stuck with it and made sure that it happened. In the end, it was an investment that was well worth it, as it paid itself off many times over. To be successful, you need to be able to come up with new ideas, but also to follow through on them.