Louis Chenevert has had an amazing career, from an assembly line manager for General Motors to the Chief Executive Officer for United Technologies he has proven time after time to be a capable leader with excellent instincts for maximizing efficiency and recognizing game-changing technology.
He was born in 1958 in Montreal, Quebec, where he lived an average childhood. as a child, he developed a fascination with entrepreneurship and business. He came to understand that hard work and a ceaseless dedication to his career would lead him to succeed in life.
After completing his primary education Mr.Chenevert attended the University of Montreal, where he studied production management at the HEC Montreal Business School. From this training, Mr. Chenevert learned methods of producing quality goods, in the correct number, quickly, and at the lowest possible cost in order to maximize profit. This education served him well throughout his entire career.
After completing his degree, Mr. Chenevert went to work for General Motors in Quebec. He spent the next fourteen years with General Motors learning how to most efficiently run an assembly line and manufacturing facility.
In 1993, Mr. Chenevert left General Motors to accept a position with Pratt & Whitney Canada. There he helped lower a company’s production costs by ten percent and drastically reduce the amount of time required to produce a new engine. In 1996, Mr. Chenevert left P&W Canada to accept the role of Executive Vice President for Operations of Pratt & Whitney.
In 1999, he became President of P&W, at the time the company was underperforming and Mr. Chenevert implemented numerous changes in order to bring the company back to maximum profitability. At a time when markets were in the middle of a major downturn, the efficiencies and other improvements he implemented helped shield the company from many of the losses other companies were suffering.
Mr. Chenevert became the Chairman of UTC, the conglomerate which owns P&W, in 2006. UTC owns companies that make elevators, security systems, HVAC systems, and aircraft engines among other things. In his role as chairman, he urged UTC to invest in the development of the geared turbofan aircraft engine, something he knew instinctively had the potential to transform the aviation business. His efforts paid off, the geared turbofan engine has made P&W a major player in the aircraft engine market again.
Two years later, Mr. Chenevert became the CEO and President of the company when George David retired. He quickly began to implement changes such as: bringing production back to the United States and centralizing key staff and engineers in the company’s home state of Connecticut. He felt having all the key decision-makers in one location would allow them to more efficiently resolve problems that may arise. Many feel the $18 billion acquisition of aerospace manufacturer Goodrich Corporation by UTC was the best decision of his tenure as CEO. Mr. Chenevert retired from UTC in 2014.