Louis Chenevert is the former Chief Executive Officer of the United Technologies Corporation. He was also president of Pratt & Whitney Canada. Chenevert attended HEC Montreal, which is a business school affiliated with the University of Montreal. He obtained his bachelor’s degree in public management and went on to have a very successful business career. Chenevert obtain an honorary doctorate from HEC Montreal on May 2011. He has received other awards such as Person of the Year by the Aviation Week & Space Technology. Aviation Week & Space Technology is a US Aviation trade magazine.
Louis Chenevert worked at Pratt & Whitney for six years before moving to the position of President. Seven years from this point he was elected CEO and Chairman of United Technologies Corporation. Chenevert had previously worked at General Motors for 14 years before coming onto Pratt & Whitney. In 2014, Chenevert resigned from his CEO position at UTC. Edward Kangas would be his successor.
Chenevert took the position of Executive Adviser in the Goldman Sachs Merchant Banking Division in 2015. He had previously served as the Business Council’s Vice chairman of the Executive Committee.
As the CEO and Chairman of UTC, Louis Chenevert directly participated in a culture change. The company was able to bring the interest of stakeholders, shareholders and customers together. UTC made this change during a period of public business decline. The GDP had dropped 50% by this period, and many other industrial businesses were falling by the wayside. UTC was able to find its stride during this stressful time in manufacturing. The company was headquartered in Hartford, Connecticut and had a net worth of 63 billion dollars.
Louis Chenevert is proud of the fact that he was able to keep UTC’s position as a leader in the aerospace and building business without sacrificing employee wages, violating environmental compliance or raising concerns with the public. UTC continued to produce the most sophisticated jet engines around the world. The company has military and corporate contracts. UTC is also the leader in helicopter production in the United States. It oversees the largest production of escalators and elevators in the nation as well.