Louis R. Chenevert is a French-Canadian-born business mogul. He holds a bachelor’s degree in production management from the University of Montreal. Mr. Chenevert has spent a well decorated professional career full of financial success particularly during his time at the helm as the CEO and President of United Technologies Corporation (UTC). Prior to this, he spent 14 years as the production general manager at General Motors. Mr. Chenevert joined Pratt & Whitney in Canada; a business unit of the larger UTC, and after working for six years he was elected the president in 1999. He served there for seven years before being promoted to a CEO and President position of the entire UTC.
During his time at UTC, Louis Chenevert helped lay down the foundations that has made the company a dominating force in the market it is to date. With his knowledge and experience, Mr. Chenevert was committed towards nurturing the development of the UTC’s employees. Under his stewardship, the company started investing not only on production but also in people. He helped the company come up with the Employee Scholar program which covers the tuition fees for employees who enrolled for further studies in their respective fields. The program has helped over 40,000 employees attain their degrees.
On picking out projects, Mr. Chenevert had an admirable forward-thinking ability that helped the company only invest in projects with highest potential. This was his goal upon reaching the company’s vision and mission. Mr. Chenevert spearheaded the acquisition of Goodrich which had been a stagnant negotiation with UTC for years. With Goodrich at his disposal, UTC was able to fight against Rolls Royce and became the sole supplier of F-35 engines to the USA government.
Mr. Chenevert has been pivotal for the growth in the market share of the company. Even when the US economy was landscaping, he single-handedly maneuvered the company through the economic crisis and delivered to its objective.
In 2014, Mr. Chenevert resigned as the CEO and President of the company and was replaced by Edward Kangas. He was later appointed at Merchant Banking Division of Goldman Sachs as the Executive Advisor.