The Remarkable Story of Louis Chenevert

The French-Canadian businessman, Louis Chenevert, born in the 1950s, has gone on to become one of Canada’s most influential corporate personalities. The 6’5’’ man was born in Quebec, Canada. He attended the University of Montreal’s affiliate business school, HEC Montreal. After completion of his studies here, he graduated with a Bachelor’s Degree in Production Management. Shortly after his graduation, Chenevert was hired by General Motors (GM) to work in one of the company’s satellite production plants, St. Therese. He was later promoted to become Production General Manager at St. Therese. After spending 14 years in GM, Chenevert joined Pratt & Whitney Canada- a business unit of the larger United Technologies Corporation (UTC). His meteoric rise was illustrated even further when he was elected President of Pratt & Whitney in 1999- merely six years after his arrival into the company.

After his seven-year tenure as President of Pratt & Whitney, Chenevert was elected President and Chief Executive Officer (CEO) of United Technologies Corporation in March 2006. During his tenure as President and CEO of UTC, Chenevert achieved remarkable feats that most corporate executives can only dream of. One of the milestones of his tenure was the acquisition of Goodrich Corporation, at the value of $18.4 billion. Goodrich Corp was a supplier of high-tech products to global aerospace manufacturing companies. This was the most monumental acquisition in the history of the UTC, and one of the most notable in the aerospace industry.

Under the stewardship of Chenevert, UTC grew in assets, revenues and profits to become one of the most influential aviation companies on the globe. Chenevert further endorsed the company’s Employee Scholar Program- a project that caters for costs of the firm’s employees looking to pursue further education. With a more educated workforce, UTC was able to reach its true potential, becoming a dominant force in the aerospace industry. In December 2014, Chenevert stepped down as CEO OF UTC. In September 2015, he was appointed Exclusive Advisor in the Merchant Banking Division at Goldman Sachs. His job description involved seeking out investment opportunities in the aerospace industry.

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