Category: Chairman

Canadian Businessman Louis Chenevert

Published / by rattlin

Louis Chenevert Business Career.

Louis Chenevert was born in 1958 in Montreal, Quebec, Canada. He went to the University of Montreal where he did a major in production management at the HEC Montreal Business School.

He, later on, got a job in St. Therese, Quebec at General Motors. Guy Hachey hired him and also made him in charge of Montreal’s general motors assembly line. After serving general motors for around 14 years, Louis Chenevert decided to change to another industry.

Another public motors employee, Karl Krapek, who like Chenevert wanted a change in sector manages to convince Louis to join the aerospace industry. In 1993 Chenevert joined Pratt and Whitney Canada (PWC) which is an aircraft engine manufacturer situated outside of Montreal.

It is a company within the more celebrated company Pratt and Whitney (P&W) whose base in the United States. Pratt and Whitney is by itself a business unit of the United Technologies Corporation. PWC was more focused on the manufacturing of smaller aircraft engines.

Chenevert later left PWC in 1996 to seek a more significant role in another company. He took a job at P&W where he was chosen to succeed the retiring executive vice president.

He achieved remarkable accomplishments such lowering manufacture costs by a tenth in just 12 months; he also contributed to the speeding up of the process to construct an engine which would then take nine months rather than the previous time of two years. In just three years, Louis Chenevert was named the president of P&W. After taking over, he made the company start making more profit again.

Since his results after being hired as executive vice president at P&W were visible, its parent company UTC came looking for his services. In the year 2006, Chenevert joined UTC as the chairman of the corporation.

UTC offered many other products such as escalators, elevators and security systems amongst others. After being in the company for less than two years, he became the CEO and the president.

Throughout his career, Louis Chenevert has served in other companies such as being a senior industry advisor in Goldman Sachs Merchant Banking Division. He is in the board of directors of Cargill, chairman of the Yale Cancer Center’s advisory board and also of the Congressional Medal of Honor Foundation.

http://www.utc.com/News/News-Center/Pages/Louis-Chenevert-becomes-the-eighth-Chairman-of-United-Technologies.aspx