Louis Chenevert is a proficient entrepreneur. He has been at the helm of various organizations helping them grow drastically. He was born in Montreal, Quebec. He is a graduate of HEC Montreal with business administration degree in production management. He also has doctorate honors from HEC Montreal and Concordia University.
Louis Chenevert began his career at General Motors. He was promoted to production general manager due to his exemplary work. Louis worked at General Motors for 14 years. In 1993, Louis joined Pratt and Whitney where he stabilized the performance of the company over time. He was then elected president. His short tenure saw the company’s aerospace industry grow in the market share.
Due to his admirable work at Pratt and Whitney, Louis earned a role at United Technologies Corporation (UTC) as the chairman in 2006. Pratt and Whitney was a subsidiary of UTC. Chenevert would then grow the company incorporating unique skills that were unmatched by their competitors. He was later appointed as the CEO of the corporation in 2010.
Chenevert would then bring an exciting development in the aerospace industry. Instead of outsourcing labor, Louis focused on operational talent within the country. Cheap labor in branches outside the country only led to inferior products. Assembling engineers and other support staff within the states at Connecticut led to the consolidation of different skill sets working on similar goals. Therefore, the corporation would achieve better results due to smaller operational teams with the proper skill set, tools, and an inspiring working environment.
Chenevert was able to pull off a remarkable achievement through the acquisition of Goodrich Corporation. The accord went for about a year to complete. It would then make UTC a one-stop shop for aeronautical solutions turning it into UTC aerospace systems.
According to Louis Chenevert, eliminating barriers at work such as energy drainers went a long way in improving results. Focus, thinking big, passion, optimism and determination has been the force behind the fruitful entrepreneur he is. After a successful period at UTC, Chenevert stepped down as the CEO in 2014. In 2015, Louis decided to work for Goldman Sachs as an Exclusive advisor.