Louis Chenevert Left a Positive Legacy at UTC

Louis Chenevert is not just your ordinary businessman. Not only focusing on the profits of the company he worked for, he also strives to better the lives of the employees who work hard everyday.

The successful Canadian businessman worked for the Pratt & Whitney business unit of the corporate giant UTC, also known as United Technologies Corporation. He later became President of the whole division in 1999. He continued working for them until he was elected President and Chief Executive Officer of the entire United Technologies Corporation. His time at the company was surely not wasted. He propelled the business into even bigger financial success, without throwing any other employees under the bus or causing environmental and social problems. Under his watch UTC started the Employee Scholar Program. This amazing program has helped thousands of people better their lives by paying for their college education. They have invested over $1 billion dollars and well over 40,000 employees received their desired degrees. Louis is a forward-thinking individual choosing projects with only the most potential. He has been one of the most profitable leaders in history, making UTC over $100 billion dollars in profits. He also negotiated the deal of Goodrich tires for UTC at only $18.4 billion dollars. Under Mr. Chenevert leadership UTC’s Pratt & Whitney unit became the sole supplier of F-35 engine for the United Stated Government.

United Technologies Corporation is the conglomerate of businesses. They are America’s largest manufacturer of helicopters, refrigeration, and heating and air conditioning units. They also specialize in aircraft equipment such as sensors, actuators, brakes, landing gear, and flight controls. Mr. Chenevert had a long successful legacy at United Technologies Corporation, but was ready for a new change. In December of 2014, he resigned as Chairman and Chief Executive Officer. The lead independent director at the time, Edward Kangas, stepped up to fill the role. Chenevert joined Goldman Sachs in 2015.

Mr. Chenevert previously worked for General Motors as the St. Therese Production General Manager for over 14 years. He is a proud graduate from the Université de Montréal. He received his Bachelor’s degree in Production Management from there.

One Reply to “Louis Chenevert Left a Positive Legacy at UTC”

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