At UTC, leadership is the ability to make a commitment to invest in people and technology. Hayes works with the aspiration that after his tenure, people will say that he left the company better than he found it. To achieve this, he says that he values his workers as people are the innovators within his company. As a result, he treats the employees with utmost respect and care, knowing that they are the secret of success.
Hayes invests in his employees, especially using the Employee Scholar Program, which pays the full fees for the UTC employees so that they can earn degrees of their liking. The program was implemented in 1996, and it has so far effected the graduation of 39, 000 degrees. The company has invested more than $1billion in the education of its students all around the world, especially in the U.S.
The above helps the workers to be innovative and highly informed in their different fields. Case in point, the Pratt and Whitney’s GTF engine development needed the company to invest $10 billion in a span of 20 years. Hayes says that the company has a portfolio of many other innovations, which may not bear the UTC logo but which are made by the company.
Louis Chenevert is a Canadian businessman. He previously served as the CEO and Chairman of United Technologies Corporation, where he was elected to the position in 2006. Before the appointment, Louis had been the President of Pratt and Whitney for six years. Louis was born in Quebec, and he schooled in the region’s local schools. Later, he took a Bachelor of Commerce, majoring in production management at HEC Montreal.