Born in Montreal, Quebec, Louis Chenevert has grown to be one of the most influential business people in the world today.
He studied in Montreal and attained a degree in Production Management at HEC Montreal, a school that operates in collaboration with the University of Montreal.
The skills that he gained from his business courses enabled him to excel in the world of business. In his career, he came up with many business strategies that have been embraced by other entrepreneurs.
The fifty-nine year old resides in Hartford, Connecticut and is married to Debra Chenevert. In 2009, he received the Honor Award courtesy of the National Building Museum. In 2011, he was awarded an honorary doctorate from HEC Montreal’s business school.
Louis started out his career climb at General Motors where he worked for fourteen years. While at General Motors, he rose to the rank of Production General Manager. From there, Louis proceeded to work for Pratt & Whitney in the year 1993.
He was quite the hard worker, and the company experienced a lot of progress while he was there. This dedication got him appointed as the president of the company barely six years later.
Chenevert’s success story did not end there, and in 2006, he landed the position of president of the United Technologies Corporation (UTC). His role here extended to include that of Chief Executive Officer too.
UTC deals with the manufacture of jet engines in addition to other aerospace items such as air conditioning. UTC required a leader with excellent leadership and management skills to take the company to the next level.
Louis increased the productivity of the firm, and he attributes this success to the willingness of the business to make strides into newer technology.
The share prices of the company rose by an estimate of 200% during his presidency. This financial growth saw UTC become one of the most profitable businesses in the states.
During his tenure, Louis undertook the acquisition of Goodrich, and this is considered to be one of the most critical aerospace deals in history to this day. In merging Goodrich and UTC, Louis ensured that the overall costs of production would decrease by a significant amount.
Louis believed that in investing in the future, it was imperative that he invests in his employees too. With this in mind, he undertook employee training through the awarding of scholarships.
The more qualified the employees, the more productive they are. It is the logic that his successor abides by too.
Louis stepped down in 2014, and the company continues to enjoy success based on his efforts.