Louis Chenevert’s leadership strategies, foresight, and incredible contributions at United Technologies Corporation (UTC) saw him maximize the success of the company and placed it in a position that enhanced continuous growth even in his absence.
The HEC Montreal graduate has a bachelor’s degree in Production Management. He started off his career at General Motors where he worked to become the production general manager. He later joined Pratt & Whitney in 1993. During his stay, the unit grew significantly, something that saw him appointed as its president within six years. His professional success scaled up from there as he was appointed the chairman and chief executive officer at UTC in 2006.
Upon his appointment, Chenevert contributed to the company’s growth and elevated it to a level it had never been. During his tenure, the share price shot up by nearly 200 percent from $37 to $117. Because of this financial performance, United Technologies Corporation became the most profitable conglomerate company in the United States. His other notable achievement early in his reign at UTC was the acquisition of Goodrich for $16.3 billion.
In addition to capitalizing on high-quality technology, Chenevert also invested in the future through the people. He gave employees access to quality education through a scholarship program. The program has seen a large number of employees further their knowledge in different areas of personal interest. The exposure to quality education has enhanced their innovation and productivity.
In a bid to contribute towards environmental conservation, he pushed UTC to manufacture user-friendly and eco-conscious products. The efforts reduced gas emission and water consumption by a significant margin.
Louis Chenevert’s outstanding professional success has earned him awards and acknowledgments from various quotas. In 2009, the National Building Museum awarded him the Honor Award. HEC Montreal awarded him an honorary doctorate in 2011. In the same year, Aviation Week and Space Technology magazine named him “Person of the Year”.
Chenevert left United Technologies Corporation in 2014. He now serves as an exclusive advisor to the Merchant Banking Division at Goldman Sachs in 2015. Currently, he is the chairman of the International Advisory Board of HEC Montreal.