During Louis Chenevert’s time as President and CEO at United Technologies Corporation (UTC), the company experienced exponential growth. He was appointed to this position during a time when a major recession was taking place in the country, yet with his great leadership abilities he still managed to up the company’s shares substantially. Born in Quebec, Canada in 1958, Chenevert received a Bachelor’s degree in production management from HEC Montreal, which is a Business School that is affiliated with the University of Montreal.
After working with the Pratt and Whitney company for 6 years and being elected as its president back in 1999, Chenevert went on to work for General Motors, where he spent 15 years. One of his biggest accomplishments was acquiring Goodrich for around $17 billion during his time there. This deal was one that he had worked on getting for at least a year.
While working at UTC, he managed to keep a stable environment there by not outsourcing any of the production jobs, opting instead to bring in some aeronautical engineers to use their skills in the areas where they were most needed. When he was elected as the Chairman of the company in 2010, he became the 8th one to hold that position, having succeeded a man named George David. He expressed gratitude for having been given this position by saying that he felt deeply honored and privileged.
He was involved with corporate social responsibility efforts through a program called the Employee Scholarship Program, which helps the employees of the company by paying their bills so that they can be free to pursue degrees in whatever fields they choose to. Since the program was started in 1996, there have been 39,000 degrees earned by the employees.
Among the many awards that Louis R. Chenevert has earned are: The Honor Award from the National Building Museum in 2009; The 2010 Pace Award for Leadership in Business Ethics; and The FDNY Fire Commissioner’s Humanitarian Award. He was also named Person of the Year by Aviation Week and Space Technology in 2011.
He is currently serving as Senior Advisor at Goldman Sachs in their Merchant Banking division. He was offered this position 10 months after he retired from UTC. When he is not working, one of his most desired leisure activities is spending time on his yacht, which he named Debbie Lou, a combination of his wife, Debra’s, nickname, along with his own.