Louis R. Chenevert, a Canadian entrepreneur, was head of Pratt & Whitney Canada and United Technologies Corporation. He has a degree in production management from HEC Montreal. He got nominated in March 2006 as the UTC president and the Head Operating Officer. In 1999, he became the head of Pratt & Whitney and later worked at General Motors for 14 years. He was replaced by director Edward Kangas when he resigned in 2014 as the CEO of United Technologies Corp.
He received a honors award from the National Building Museum in 2009 and a doctorate from HEC Montreal in May 2011. The U.S aviation magazine named him as the person of the year. Chenevert has had an exciting career path. He has inspiring achievements as the head of corporations worth billions. He focused on getting Goodrich. After negotiations, Goodrich finally settled on procurement deal valued at $18.4 billion.
Louis Chenevert included technology and innovation to the advantage of the firm during a period of temporary economic decline. For the growth and development of UTC, he invested in people through the company Employee Scholar Programs and in modernized technology. He used his experience and knowledge to advance the company.
As a CEO, Chenevert got admired for his intelligence in picking the potential businesses projects. They allocated their financial plan to equipment acquisition which was essential for technological innovations.
Thanks to Chenevert, UTC’s Pratt and Whitney unit became the single providers of an F-34 engine for the US government. UTC’s Sikorsky unit is now the largest helicopter manufacturers in the United States, and most advanced jet engines worldwide are assembled by UTC all attached Chenevert’s visionary leadership. The firm controls heating, conditioning, refrigeration and air markets.
Chenevert since 1993 as reported by Forbes has been the advocating for progress that has promoted market share of the original company despite the recession periods. He finally retired on December 8th, 2014 after resigning as CEO. He departed from UTC to spend time with family and work for Goldman Sachs.
He laid a good foundation for UTC which now continues to thrive in the business world and enjoys economic advantages due to his implemented strategies during his term.