Louis R. Chenevert is a Canadian businessman who was the CEO and chairman of United Technologies Corporation (UTC). He also worked as the president of Pratt & Whitney Canada. He received his bachelor’s degree in production management while attending the Business School of the University of Montreal. Chenevert has always been very involved in the aviation industry and was named Person of the Year by the Aviation Week & Space Technology magazine.
Louis Chenevert was proudly elected as the president for Pratt & Whitney in 1999. He worked there for approximately six years before moving on to become the CEO of UTC in March of 2006. Prior to his career at Pratt & Whitney, he worked for General Motors for 14 years. He worked for UTC from 2006 to 2014. He went on to become the Advisor in the Goldman Sachs Merchant Banking Division where he offered advice on many other businesses.
How UTC Succeeded Through the Recession
Under the leadership of Chenevert, UTC was able to find the common ground for their customers which allowed for the company to succeed in many ways through the recession. While many other large companies were declining, UTC continued to thrive by holding its revenue worth $63 billion. Through it all, they were able to remain the market leader in the most innovative aerospace technology within their headquarters in Hartford, Connecticut. UTC was proudly producing the most sophisticated jet engines in the world for both military and commercial clients. UTC also has Climate, Controls & Security businesses located in Connecticut. The company has proudly been in business for over 70 years and has been able to stay in good standing through the years of bankruptcies and downfalls within other highly profitable companies.
Success Within the Aerospace Industries
Chenevert has been very successful in his career and has had the opportunity to lead many under his leadership. He has helped UTC to successfully focus their efforts on their areas of expertise which include aerospace and building in a way that isn’t comparable to others. His expertise in the industry along with his history of education and financial leverage has named him the title of being called a think tank.