Louis Chenevert is a former chief executive officer at United Technologies Corporation (UTC) and a Canadian businessperson. UTC is an American multinational company that is involved in the research, development, and manufacture of high-technology products. He served as the general manager at General Motors for 14 years, and in 1993, he joined Pratt Whitney Canada where after six years he was elected president.
Between 2011 and 2012, Chenevert served at Business Council as the vice chair of the executive committee. On December 8, 2014, he stepped down as the CEO of UTC joining Merchant Banking Division at Goldman Sachs in September 2015 as an exclusive advisor. His target is in the aerospace and industrial sectors. Read more about Louis Chenevert at Affiliate Dork.
Louis Chenevert accomplishments
Chenevert played a crucial role at UTC while he was the CEO leaving behind a legacy of high standards that the other CEOs have not been able to meet. His notable achievement includes the acquisition of Goodrich and making profits for the company in the recession. The Goodrich acquisition marked his signature deal highlighting extraordinary patience and business acumen having spent more than a year in negotiating that resulted in $18.4 billion deal.
Chenevert enabled UTC to achieve its goals of investing in high-quality technology that creates manufacturing jobs, still pushes the growth of the company to date boosting the United States economy. Chenevert believes in employee education and the use of latest technology for future success the same belief shared by the UTC current CEO Gregory Hayes.
Louis Chenevert understood the idea of creating more environmentally friendly and greener designs making it a selling point for the products United Technologies Corporation was producing. The company was able to set similar standards for all its facilities globally. They created products that minimized the emission footprint, factories and plants reduced water consumption by 53% and the emission of greenhouse gases decreased by 26%.
GTF was Louis Chenevert’s pet project and ranks on top of accomplishments. This project was selected as an option for the Airbus and was the basis for the establishment of Pratt and Whitney that has grown to be an influential company in the jet’s narrowbody engine market. Visit utc.com to know more about Louis Chenevert.