Louis Chenevert is a Canadian-born production manager who received his corporate management training, as well as a B.A. degree from HEC Montreal, a business school that is affiliated with the University of Montreal. His past employment with companies such as General Motors, where he spent 14 years, and Pratt and Whitney, helped him gain a greater amount of knowledge in the area of business management.
He went on to join a company called United Technologies Corp, or UTC, in 1993, and in March of 2006, he was elected as its President and CEO. While working at UTC, which is a business that is responsible for building commercial and military jet engines, he helped the company’s earnings rise substantially. His strategy for keeping UTC stable was to avoid using outsourcing as a way to reach production. Instead, he opted to move a team of experienced aeronautical engineers into the business, which is based in Connecticut.
One of his philanthropic deeds involves an educational assistance charity called Employee Scholar Program, which benefits the company’s employees by paying their bills so they can have time to pursue degrees in their fields of interests. Since the program’s start in 1996, there have been nearly 40,000 degrees granted to the employees that were helped.
Because of Louis Chenevert‘s expert leadership abilities, he has received several awards, including the 2009 Honor Award from the National Building Museum, the FDNY Fire Commissioner’s Humanitarian Award and the Pace Award for Leadership in Business Ethics. He was also named Person of the Year in 2011 by Aviation Weeks and Space Technology.
After retiring from his position at UTC, he began serving as Senior Advisor at Goldman Sachs. He also worked in Wall Street’s merchant banking division, where he looked for opportunities in the aerospace industry. Another accomplishment was his acquirement of Goodrich for about $17 billion, a deal he’d worked on for a year. After his retirement, he began spending more time on his 110 ft. yacht, which is a big passion of his. Chenevert was born in Quebec, Canada, but he currently lives in Hartford, Connecticut with his wife Debra.