The legacy that Louis Chenevert left at United Technologies Corporation is unmatched in the business world. He laid a lasting foundation that has maintained the firm at the top to date and for years to come. His bachelor’s degree in production management earned from Université de Montréal, École des Hautes études commerciales (HEC) has played a major role in his successful career.
Louis Chenevert joined UTC in the early 90s, working for its business arm, Pratt & Whitney Canada. His impressive work led to his appointment to the post of the President responsible for the whole business division of Pratt & Whitney in 1999. Seven years later, he rose to the position of the CEO and President of United Technologies Corporation. Louis got down to work immediately after his appointment and went on to mark tremendous achievements.
When taking up the top position at UTC, Louis Chenevert had the vision of leaving the place better than it was before his tenure. He knew he would achieve the dream by investing in technology and human resource. According to him, technology can take an organization far while the right human resource can take it further. UTC is known to empower its staffs through education under the Employee Scholar Program. More than a billion dollars has gone into catering for education fees of more than 40000 employees over the years. Louis always steered the company towards adopting modern technology that he believed could give the company a global competitive edge.
One of the most remarkable achievements of Louis Chenevert at UTC remains the successful negotiations and ultimate acquisition of Goodrich. In just a year as the head of the firm, he closed the $18.4 billion deal. His other notable attainment was winning a contract to supply the F-35 engine for US Air Force. Chenevert also played an active role in the development and marketing of Geared Turbofan (GTF) engine by Pratt & Whitney.
About Louis Chenevert
Prior to joining UTC, Louis Chenevert had worked at General Motors for over ten years. He was in charge of St. Therese operation as the Production General Manager. He resigned from UTC in 2014. Currently, he is engaged as the Exclusive Advisor at Goldman Sachs’ merchant banking branch.