Louis Chenevert is considered one of the most influential businessmen in the world. The legacy he left in the UTC is a legendary one. Born in Montreal, Quebec, Louis Chenevert attended the HEC Montreal, which is affiliated with the University of Montreal. Here, he studied Production Management which he clearly not intended to let go to waste.
He got a job with General Motors immediately after school, where he worked for 14 years. In 1993, he was hired by an engine manufacturing company: Pratt & Whitney. During his time here, his hard work led to his promotion to the President of the Company. This is because during the time of his employment to the company, it was a recession period and he managed to improve the performance of the unit he was serving.
Pratt & Whitney was a subsidiary of the United Technologies Corporation (UTC). His performance as the President of Pratt & Whitney led to his nomination as the CEO of UTC. In UTC, he improved the value of the impressive shares of the firm to $117 which were initially $37 when he joined. He also made significant acquisitions in the firm that greatly improved the domination of UTC in the market.
While in UTC, Louis Chenevert knew that the only way he could achieve his goals in the company was through the assistance of the employees. This is why when other companies were busy conducting layoffs to maintain their businesses in the market, he moved the employees of UTC to Connecticut.
Aware of the rising Global Warming, Louis Chenevert took a step that he advised the other firms to take. He reduced the water consumption by 53% and the greenhouse gases emission by 26%. As a result, the products of UTC became eco-friendly and became marketable to other nations around the world.
During his reign, Louis Chenevert was awarded severally for his success. After his nomination as the CEO of UTC, the National Building Museum awarded him in 2009. In 2011, the HEC Montreal awarded him with a doctorate honoris causa. In the same year, the Space Technology magazine and the Aviation Week named him ‘’Person of the Year’’.