Louis Chenevert’s time at United Technologies Corporation (UTC) as the chief executive officer was one that was marked by phenomenal success. He established high standards that exceeded what other CEOs could do. One of his largest successes was the acquisition of Goodrich, which, amounting to an 18.4 billion deal, was one that built a huge synergy within the company and what they could supply in-house to their clients.
When Airbus chose Pratt & Whitney, one of UTC’s subsidiaries, for their new engine supplier it was largely due to the efforts of Louis Chenevert. He had pushed for development of new materials which would allow the engine to burn hotter and thus more efficiently. One of the other concepts of this engine that has had longlasting impact is that it decoupled the fan. This change has paid off since as Pratt & Whitney builds even more advanced and larger engines using this technology.
It was at Pratt & Whitney Canada that Louis Chenevert had first joined UTC in 1993. In 1999 he was named as the companies president and in 2006 he was elected as chairman of the board of UTC. He was eventually named CEO and served in this position until he decided to leave UTC on December 8, 2014. After taking some time off he joined Goldman Sachs where he was an advisor in their Merchant Banking Division.
Louis Chenevert is from Canada. He attended HEC Montreal and earned a bachelor’s degree in production management. After earning his degree he found a job at General Motors where he stayed, rising to higher levels of responsibility, for 14 years. Once he started his career at Pratt & Whitney he quickly familiarized himself with their production management policies and how to grow both sides of their business which includes both civil and military aviation.
Over the course of his professional career, Louis Chenevert has been honored several times. He was presented with an honorary doctorate by HEC Montreal, his alma mater, in 2011. It was also in this same year that he was named by Aviation Week & Space Technology as their Person of the Year.