Canadian-born businessman Louis Chenevert received his education in Production Management at HEC Montreal, a business school that’s affiliated with the University of Montreal. After completing his studies there, and earning a Bachelor’s degree, he went on to work in management positions at several reputable companies such as Pratt and Whitney, where he was elected as President in 1999. He worked at the company for 6 years before moving on to the General Motors company, where he worked for 14 years. While there, he managed to acquire a deal with Goodrich for an estimated $17 billion.
After he joined the jet engine manufacturing company known as United Technologies Corp, or UTC, in 1993, Louis Chenevert maintained its stability during a time when the U.S. was experiencing a recession by choosing not to use outsourcing methods for the production of the company’s military and commercial planes, but to instead bring in a very skilled aeronautical team to its Connecticut-based operation so they could use their professional engineering talents where they were most needed. Because of this strategic move, the company’s yearly income increased substantially, and by 2006, the astute businessman was elected as UTC’s President and CEO.
UTC is not only a builder of advanced military planes, but it also operates the elevator and escalator company called OTIS. Since becoming the leader of the business, Louis Chenevert has been recognized by a number of organizations that honor excellence in the corporate world. One of those organizations was Aviation Weeks and Space Technology, who named him Person of the Year in 2011. He’s also received a Humanitarian Award from the FDNY Fire Commissioners, and a Pace Award for Leadership in Business Ethics, as well as a National Building Museum Honor Award.
Although Louis Chenevert is now retired from UTC, he continues to serve as a Senior Advisor for the Goldman Sachs Group’s Merchant Banking Division, where he searches for investment opportunities in the aerospace industry. Now that he has more time to enjoy pursuing his hobbies, he spends most of his time aboard his 110 ft. yacht, which has always been one of his passions.