Born in Quebec, Canada in 1958, Canadian businessman Louis Chenevert graduated with a bachelor’s degree in production management from the University of Montreal in Canada. Louis started his career as a production manager at general motors’ St Therese operation. Louis spent 14 years at General Motors before moving To Pratt & Whitney Aircraft in 1993 where he was president. In March 2006, Louis Chenevert joined UTC as president, chief operating officer, and director. In April 2008 Louis was elected president and chief executive officer before finally becoming the corporation’s chairman in January 2010.
United Technologies Corporation credits most of its growth to becoming a multination conglomerate worth over $100 million to Louis Chenevert. When he joined UTC, Chenevert’s first order of business was the acquisition of Goodrich. The deal was worth $18.4 billion and its finalization saw Chenevert achieve in a year what many executives don’t achieve in their lifetime.
Most of Chenevert’s success can be credited to his principle of promoting advancement in technology and the growth of individuals. Chenevert chose what project to invest in depending on their potential to further the company’s vision and ability to inspire the staff to produce quality work. During his tenure at UTC, Chenevert saw the investment of over $1 billion towards employ benefits and educational pursuits.
Another achievement of Chenevert’s at UTC was the tender to construct United States Airforce second alternate engines. UTC grew to become the largest manufacturer of helicopters, refrigerators, air conditioners and heating equipment in the United States of America. Most of the advanced jet engines in the world are manufactured at the aerospace unit of UTC. Extensive discipline and imagination have kept the Chenevert powerhouse humming.
Over the course of his career, Chenevert received several awards and honors. In 2009 Chenevert got an honors award from the national building museum. In 2011, Louis Chenevert received an honorary doctorate from HEC Montreal. It was also in the same year that Chenevert was named person of the year by aviation week & space technology. In December 2014, Chenevert stepped down as CEO of UTC and took an exclusive advisor job at Goldman Sachs.