Louis Chenevert was born and raised in Montreal, Quebec. He attended HEC Montreal Business School where he graduated with a bachelor’s degree in production management.
His skills and knowledge in production management saw him gain public interest and become an icon of emulation. Chenevert was appointed in UTC as its chairman and chief executive officer in 2006.
United Technologies Corporation (UTC) is a company that is dedicated to the exploration and creation of high-quality products. UTC chiefly concentrates on the following; Development of Commercial and Military jet engines, Creation of products in the refrigeration and air conditioning industry, Designing of sensors and flight rheostats along with other gadgets used in space exploration,
Following the company’s choice of Louis Chenevert, UTC elevated to great heights. It was through Chenevert’s commitment, focus, and desire to invest in the future and technology that saw the success and exaltation of UTC.
Louis Chenevert was enthusiastic about capitalizing on value and advanced technology. His enthusiasm and guiding principles contributed greatly to the development of the United States’ economy.
Chenevert did not only rely on technology to trigger technological capitalization but also believed in people as the instigators for these advancements.
When he observed that a certain group of engineers were at a place that was not fruitful as it used to be earlier, he would relocate them to another site where their skills were applicable. Through this approach, he reduced possibilities of employees’ dismissal.
Chenevert’s reign resulted in the company increasing remarkably its share price from $37 to $117 which was virtually a 200% escalation.
Chenevert effectively procured Goodrich for $16.3 billion. The purchase of Goodrich is considered as one of the greatest Aerospace pacts in the American history.
The amalgamation of the two companies gave UTC an opportunity to establish itself as a self-sufficient corporation that could yield its products. The positive tremendous impact of Chenevert in UTC not only upheld its success but also instituted it as a perfect prototype.
Before his presidency in UTC, Chenevert had worked at General Motors for fourteen years as the production manager. In 1999 he was appointed in Pratt & Whitney Canada where he served as the president for six years.
After quitting as CEO of UTC on December 8, 2014, he embraced the position of a full consultant in the Merchant Banking Division at Goldman Sachs in September 2015 for an unrevealed return.