Louis Chenevert’s Success Story

Louis Chenevert is the former CEO and Chairman of United Technologies Corporation, UTC. He was also the president of Pratt and Whitney Canada. Chenevert attended HEC Montreal School and graduated with a bachelor’s degree in production management. Also, he received an honorary doctorate from HEC Montreal in 2011. He was also named the Person of the Year by Aviation Week and Space Technology magazine.

Louis Chenevert has had many professional positions in different corporations. After working for General Motors for fourteen years, he got elected as the president of Pratt and Whitney Canada in 1999. Louis had been employed there for six years before his election. UTC elected Chenevert the Chairman and CEO in 2006. He worked there diligently until 2014. Chenevert was able to remain on top despite the many challenges they faced in the sector.

Chenevert served in various positions in offices. In 2011, Chenevert was the Vice Chairman of the Executive Committee until 2012. He was later made the Exclusive Advisor in the Goldman Sachs Merchant Banking Division in 2015. Details regarding his compensation are unknown. He was entitled to identify opportunities in industrial and the aerospace sectors and advise other businesses. Chenevert is a subtle thinker who was able to demonstrate his leadership skills to deliver quality results.

Since Louis Chenevert joined UTC, the company made a remarkable improvement. Worth noticing is that he joined UTC when the economy of US was in the throes of a subprime recession. Chenevert made a history in the company by remaining the market leader in innovation without venturing into foreign countries, and in compliance with all environmental policies.

UTC undertook the manufacturing of the most sophisticated jet engines worldwide. Chenevert remained in charge of the world’s leading manufacturer of elevators & escalators. The share price of the company rose from 37 US dollars to 117 US dollars which were 200 percent increase with an exclusion of dividends. Chenevert relocated hundreds of engineers in aerospace back to Connecticut to improve the quality and application of skills in military and commercial contracts. It made it unnecessary to lay off their engineers as the other companies did. In conclusion, Chenevert is a strong critical thinker who made a great success in his profession and salvaged UTC from the verge of collapsing.