Louis Chenevert is a Canadian entrepreneur and renowned corporate executive. Louis has had a successful career in executive management most notable as the CEO of United Technologies Company (UTC). Currently, Louis Chenevert serves Goldman Sachs, a merchant banking division, as an exclusive advisor.
Louis Chenevert attained a degree in operation and production management from the Universite de Montreal. In 1979, Louis joined General Motors and spent 14 years as the production general manager. He later joined Pratt & Whitney Canada in 1993 and served as their president for six years. In 2006, Louis Chenevert linked with UTC and was appointed the President and CEO until December 2014. Also, from 2011 to 2012, Louis served the Business Council as the executive committee Vice-Chairman.
At the helm of UTC, Louis Chenevert steered the company to accomplish many feats. His management style did set reputable standards that are enumerated by other managers. One notable accomplishment involved acquiring of Goodrich during the recession period. The deal was worth $18.4 billion and took a whole year to negotiate. In 2011, Louis was hailed for successfully launching the advanced Geared Turbofan (GTF) jet engine that utilized advanced materials. This breakthrough project reduces engine fuel burn, cuts emission as well as noise by over 50%. The project replaced the already established Pratt & Whitney in Airbus, and over ten airlines are currently using this technology.
Furthermore, Louis Chenevert assisted UTC to successfully commit massive investment in latest technology and educating employees thereby creating jobs opportunities for the American economy. Gregory Hayes, the current CEO of UTC does acknowledge the inputs of his predecessor. He firmly believes in investing in technology and training of employees for the sake of the on-going operations as well as for the future. Hayes stated that a CEO should not only focus on the present but also think about the company’s future.
From Louis Chenevert‘s input, UTC is now a global producer of advanced jets engines and aerospace components. It is the largest manufacturer of helicopters in the US. Also, it commands a significant share in the heating, refrigeration and air conditioning industry.