The Exponential Growth of UTC Under Louis Chenevert

In order to see the success of Louis Chenevert, perhaps the best place to start is his transformative push behind United Technologies Corporation (UTC). UTC primarily researches cutting-edge technology and eventually supports the manufacturing of new products. The company is heavily involved in the aerospace industry, in addition to consumables refrigeration and climate control. Quickly after becoming part of its leadership, Louis Chenevert began to hone the focus of UTC and guide it down a more successful path.

The most significant points of success displayed by Chenevert include his role in acquiring the aerospace company Goodrich for over $16 billion. This move bolstered the innovation capabilities of UTC and also gave the company the resources to manufacture its own products. Louis Chenevert has also played a major part in increasing the share value of UTC from $37 to $117. This increase of 200 percent was only possible through Chenevert’s dedication to UTC and the talent for leadership engrained in his mindset.

Louis Chenevert and his trail of success extend beyond just UTC. The Canadian businessman has been involved in numerous corporations and has generated successful results for business ventures around the world. Chenevert was a production manager at General Motors for over a decade, giving him vast experience in technology-based manufacturing. After 14 years, he left GM in 1993 to further his career by joining Pratt and Whitney.

Chenevert has been an acting member of The Business Council, as well as being involved in the US-India CEO Forum and participating in the Business Roundtable. In fact, Louis Chenevert acts chair through the Business Roundtable as part of its committee on fiscal policy and taxes. Awards received by Chenevert include the Honor Award from the National Building Museum in 2009 and Person of the Year in 2011 from Aviation Week and Space Technology, a trade magazine published in the United States.

Louis Chenevert is a native of Quebec, Canada and began his career after graduating with a bachelor’s degree from the University of Montreal. The titles held by Chenevert throughout his career include being named president of Pratt and Whitney in 1999, as well being both the Chief Operating Officer and president of United Technologies Corporation until 2014.