Business, Business Leader, CEO

Chronicling the Successes of Louis Chenevert at UTC

Louis R. Chênevert has had an illustrious career. This Canadian businessman has served in various positions of leadership with remarkable achievements. He’s moved from General Motors to Pratt & Whitney in 1993 and to serving in various roles in United Technologies Corporation (UTC) from 2006. At UTC, he’s served as the Director, President & Chief Executive Officer (CEO) and later became the Chairman & CEO in January 2010.

He achieved a whole lot while at UTC. His legacy at UTC rests firmly on the ability of UTC during his time to bring together the interests of customers, shareholders, and stakeholders in such a way that allowed them to remain at the top during the recession.

Some manufacturers have worked hard to salvage the manufacturing sector after losing a lot of steam after the war in America. To understand the depth of the slide, statistics showed that contribution by the manufacturing sector to the GDP has dropped by about 50% over the years. One of the companies still making huge strides in the manufacturing sector is United Technologies Corporation (UTC), worth about $63 billion.

The role Chênevert’s has played in writing the remarkable history of the company is by raising the bar and maintaining that position as a market leader when it comes to innovation in the building space and aerospace. He achieved this feat without the need to leave the birthplace of the company at Hartford, Connecticut or paying unfair wages to workers, and importantly, meeting major environmental standards and fulfilling its corporate social responsibilities.

Chênevert began his career by earning a bachelor of commerce in Production Management from École des Hautes Etudes Commerciales (HEC), which is an affiliate of the Business School of the University of Montréal. He serves as Chairman of the International Advisory Board of HEC Montreal and also doubles as the Chairman of the Board of Directors in Friends of HEC Montreal. This shows is a commitment to give back to the educational community.

Chênevert has an honorary doctorate from HEC Montréal. He was also named Person of the Year in 2011 by the Aviation Week & Space Technology, due to his major contributions to the success of the aviation industry.