Canadian entrepreneur Louis Chênevert is the brains behind a string of highly successful businesses. However, he is mostly remembered for his successful stint as the chairman and CEO of United Technologies Corporation (UTC). In addition, he also had a stint as the president and CEO of Pratt & Whitney Canada. Louis graduated from HEC Montréal which is affiliated to the University of Montreal’s Business School. He is a production management specialist.
Louis Chênevert’s Career
Mr. Chênevert’s impressive career has seen him serve at top multinationals both in the US and Canada. Before being appointed Pratt & Whitney’s president, he was a senior executive in the Canadian division of the firm for six years. Before that, he had a successful 14-year stint at General Motors.
Louis joined United Technologies Corporation in 2006 after being appointed as its chairman and CEO. This was his most successful position because he helped establish UTC as the leading manufacturer of aviation components in North America. After 8 record breaking years with the firm, he left to pursue other endeavors.
While serving as the CEO at UTC, Louis had the opportunity to serve on the executive committee of the Business Council. After leaving his role at UTC, he was held an advisory role in the merchant banking division of Goldman Sachs. He was tasked with the mandate of seeking out investment opportunities in both the industrial and aviation sectors. In addition, he provided advice pertaining to other sectors.
Steering UTC Through the Economic Meltdown
Louis won hearts for ably steering UTC through the economic recession that hit the global economy in 2008 and 2009. The recession negatively affected the aviation and manufacturing industry. Nonetheless, Louis formulated pragmatic strategies that cushioned UTC from its effects. While its contemporaries struggles to stay afloat, the firm continued posting impressive profits. This helped boost Mr. Chênevert’s profile all the more.