Posted in Business, CEO

Louis Chenevert: A Giant in the Industry

Louis Chenevert is a successful Canadian businessman who was the Chairman and Chief Executive Officer of United Technologies Corporation (UTC) from 2006 to 2014, being with the company for nearly 20 years. He is a graduate of the prestigious Hautes Etudes Commerciales-Montreal, graduating in 1979. Prior to his time at UTC, Mr. Chenvert held the title of President at Canadian aircraft engine manufacturer Pratt and Whitney Corporation. Prior to his time at Pratt and Whiney, he spent 14 years at General Motors. With his vast amount of experience in the business world, Mr. Chenevert has established himself as a corporate giant.

Mr. Chenevert is a pragmatic leader who, during his time at UTC, help secure millions of dollars in government contracts from both Canada and the United States. This is one sector of the economy that has been very good to UTC over the years. With him at the helm UTC enjoyed an 8% return (profit) to shareholders on average. This made him a favorite among shareholders. In 2012, Chenevert oversaw the acquisition of Goodrich, an aircraft equipment company, for over $16 million. This was the largest acquisition in UTC’s history and is regarded as a deal that could pay huge dividends for the company in the years to come.

Louis took over UTC and nearly single-handedly turned the business into one of the most profitable conglomerates in the world. He turned UTC into a full-service manufacturer instead of just an aircraft engine manufacturer. He is responsible for steering the company’s engine business toward more fuel-saving designs, passing savings onto the consumer while boosting profits at the same time. His excellent record has made him become a household name in the aircraft industry. There is no doubt that Mr. Louis R. Chenevert is one of the greatest business giants of the last century.