2017

Louis Chenevert is Not Only a Businessman

Canadian businessman Louis Chenevert is somewhat of a luck charm. With any company he works for he grows their profits tremendously with sacrificing ethics and people’s jobs. Standing at 6’5″ he is larger than life in more ways than one. Mr. Chenevert was born in Quebec in 1958. As a young adult he received his Bachelor’s degree in Production Management from the Université de Montréal. He has had a longstanding and fruitful career that most execs would be green with envy with.

In his early career, Louis spend 14 years at General Motors. He worked as the St. Therese Production General Manager. He was still working at General Motors when he started working for United Technologies Corporation, in the Pratt & Whitney business unit. They manufacture and service auxiliary power units and military aircraft engines. United Technologies Corporation (UTC) was so impressed with his work they elected Mr. Chenevert President of the whole Pratt & Whitney division before the turn of the century. Eventually his role continued growing and he kept moving up in the company. After seven years as President of the Pratt & Whitney division. He was elected to be President and Chief Executive Officer of the whole UTC company, which he led until his retirement in 2014. He had certainly earned it achieving new heights of success that United Technologies Corporation has ever seen.

With Louis in leadership role, his achievements totaled an impressive $100 billion dollars. Most big shots would of loved to accomplish this in their whole career, but Mr. Chenevert did it in only a year! One of his other biggest accomplishments was acquiring tire giant Goodrich. This took over a year of negotiations, but he succeeded and UTC bought Goodrich for only $18.4 billion dollars.

Not only was Louis focused on attaining the most advanced technology, but he also invested in the employees’ futures and happiness. He made it a personal goal to the company better than when he started working there. He kept his promise and helped countless employees get the education they dreamed of. UTC created the Employee Scholar Program. It pays for the employees to further their education in their chosen field. So far well over 40,000 employees have received their degree, and UTC has invested over $1 billion dollars into the program. Chenevert currently works for Goldman Sachs.