Louis Chenevert had a very successful run as the chairman, president, and chief executive officer of the manufacturing firm United Technologies Corporation. He served in the first of these positions since January 2010 and the latter two from April 2008.
He ended all three of these positions when he chose to retire from UTC in November 2014. Before this time he was brought into United Technologies Corporation in March 2006 in order to serve as its new chief operating officer and director.
In 1993, Louis Chenevert had been hired by Pratt & Whitney. He was named this business’ president in April 1999 and served in this position up until he moved on to United Technologies Corporation. He started out his professional career at General Motors. During his time with GM he worked at their Saint Theresa, Quebec facilities as the production general manager.
Having been born and raised in Canada, he attended Université de Montréal, École des hautes études commerciales (HEC). He graduated in 1979 with a bachelor’s degree in production management. After having found so much success in his professional life the University of Montreal gave Louis Chenevert an Honorary Doctorate in 2011. He serves on two organizations that support this school. He is the chairman for both the Friends of HEC and the HEC Montreal’s International Advisory Board.
Under his leadership, United Technologies Corporation made a lot of achievements in the aviation industry. Among the largest of these was the GTF engine, a technology he championed. This engine changed the aerospace industry forever as compared to engines before it increased fuel mileage by 20%, chopped engine noise in half, and has about 1/3 fewer parts which help keep maintenance costs lower.
Louis Chenevert also orchestrated the biggest acquisition ever when he acquired Goodrich Aerospace while leading UTC. The deal was worth $18 billion and it altered the manufacturing industry, and especially United Technologies Corporation, forever.
He says that the best way to lead and grow a business is by being relentlessly focused. Additionally, he says you need to be open to new ideas and always thinking big if you want a company to be successful.