Louis Chenevert is the former chairman, president, and CEO of United Technologies Corporation (UTC). He is currently semi-retired, but maintains the position of advisor to Goldman Sachs. He was born in Quebec, Canada, and graduated from HEC with a bachelor degree in production management. He started his career at General Motors, and quickly rose to the position of Production General Manager. In 1993 he moved to Pratt and Whitney, an aerospace manufacturer, and subsidiary of the global United Technologies Corporation. Chenevert revolutionized the aerospace industry through his work at UTC, and in 2006 was elected CEO and president.
Louis Chenevert is considered a pioneer and visionary for his work at Pratt and Whitney and UTC. He oversaw the design of the Pratt and Whitney geared turbofan engine, which reduced fuel consumption by 16% and emissions by a remarkable 50%.
During the 2006 recession, many corporations were rushing to foreign outsourcing as a solution to their problems. Chenevert did not want to compromise on the quality of UTC products, so he made the radical decision to centralize engineers and laborers in Connecticut. In doing this, he was able to cut costs, improve efficiency, and cultivate the economic benefits of keeping his business and suppliers within the US.
One of the most remarkable undertakings of Chenevert’s UTC career was the acquisition of Goodrich, a rubber manufacturer. In 2011, United Technologies Corporation bought Goodrich, and this acquisition made UTC an industrial conglomerate, and expanded its dominance in the global economy.
Louis Chenevert has been recognized for his work in the aerospace industry. He was declared “Person of the Year” for 2011 by Aviation Week and Space Technology magazine, received the very prestigious Honor Award from the National Building Museum and an honorary doctorate from HEC Montreal.
Because of Louis Chenevert’s ingenuity and imagination, UTC can provide jobs to US employees and suppliers across the nation. By ensuring that UTC maintains quality products and public responsibility, and with productions in both the commercial and military sectors, Chenevert created a manufacturing giant with the ability to consistently meet the needs of its clients, workers and shareholders.