The Legacy of Louis R. Chenevert

Louis Chenevert is truly a semblance of success in regard to business and entrepreneurship. Born in Montreal, he always had an eye for business, and this prompted him to pursue a course in the same. He earned a degree in business administration (production management) from HEC Montreal in 1979 and went ahead to join General Motors. His relentless efforts and determination made him a significant figure in the company. He worked with General Motors for 14 years before deciding to pursue other endeavors.

Louis Chenevert’s career peaked when he joined United Technology Corporation (UTC). He started by working for a subsidiary company of UTC called Pratt and Whitney. His ability to transform Pratt and Whitney into a successful company made him a favorite choice for the position of chairman at UTC, a post he acquired in 2006. He quickly ascended the ranks to become the CEO, and with his expertise, he was able to protect the company from a significant economic meltdown at a time when the economy was on a downturn. One of the most notable development plans that Louis Chenevert engineered as the CEO was the acquisition of Goodrich Corporation in 2011. This was a viable plan for UTC as it was able to expand its market and consequently increase profits.

Louis Chenevert announced his retirement in 2014 after transforming UTC into a global success. Nonetheless, his retirement has not hindered him from doing what he loves most, engineering and designing as he is currently involved in designing yachts. He also holds various positions in different organizations; he is a senior industry advisor for Goldman Sachs Merchant Banking Division, chairman of Yale Cancer Center’s Advisory Board, chairman of the Congressional Medal of Honor Foundation, among other leadership positions. Chenevert’s unprecedented achievements saw him receive a doctorate from HEC Montreal, and a doctorate honors from Concordia University. He is the recipient of the 2009 Honor Award from the National Building Museum. No doubt, Louis R. Chenevert has played a significant part in changing the face of business in Canada and beyond.