Mr. Louis R. Chenevert is the former Chairman and CEO of United Technologies Corporation. He is an alumnus of the Université de Montréal, École des Hautesétudes commerciales (HEC). Born French-Canadian, Mr. Chenevert holds a bachelor’s degree in production management from the same institution. Until his departure at UTC, he has managed to leave a legacy of accolades at the company.
Mr. Chenevert worked for over ten years at General Motors before finally joining Pratt & Whitney, an affiliate unit of the United Technologies Corporation. It took him a mere six years to become president of Pratt & Whitney Canada, a position he earned in 1999. He stayed in this post for seven years of hard work before he was ultimately voted in as the president and Chief Executive Officer. As the leader of the conglomerate, Mr. Chenevert managed to earn impressive achievements with an approximate value of $100 billion.
According to Mr. Chenevert, stewardship entails a commitment to investing in both cutting-edge technology and the right employees. Right from the moment he was elected as president of UTC, he made it a personal objective to employ his skills and experience I’m making significant improvements to the enterprise. He often emphasized on investing in the right technology to take the company far, as well as investing in the right staff to take the company even further.
UTC illustrates its commitment to invest in its staff members through the Employee Scholar Program. The initiative was established to cover the costs for staff members willing to pursue further education in their respective specializations. Thanks to the program, more than 40,000 UTC employees around the world have earned bachelor’s degrees since 1996.
According to Forbes magazine, Louis Chenevert is the champion to developments that facilitate the consistent growth of United Technologies Corporation. During the subprime recession of 2006, Mr. Chenevert was able to navigate the company through the challenging economic conditions that led to the collapse of several giant firms in the industry. The success can be attributed to his hard work, skills, and experience. After stepping down from UTC in 2014, he joined Goldman Sachs the following year.