Louis R. Chênevert is a prominent Canadian businessman who previously served as the CEO and chairman of United Technologies Corporation (UTC). He has also worked as the president of Pratt & Whitney Canada. Louis enrolled at HEC Montréal, where he was awarded a bachelor’s degree in production management. In May 2011, Chênevert was honored with a doctorate from HEC Montréal. During the same year, Aviation Week & Space Technology, which is a US aviation trade magazine named him the Person of the Year. That was as a result of his significant contributions to the aviation industry.
In 1999, Louis Chênevert was appointed to serve as the president of Pratt & Whitney after working at the company for six years. After seven years, he was appointed as the Chairman and CEO of United Technologies Corporation (UTC). Before his post at Pratt & Whitney, Louis was working for General Motors, and he has been there for 14 years. He worked as a vice-chairman of the executive committee at Business Council in 2011 to 2012. Louis later became Exclusive Advisor in the Goldman Sachs Merchant Banking Department. In this post, his duty was to look out for new opportunities in the industrial and aerospace sectors and also advising various businesses.
The manufacturing sector is one of the industries that were significantly affected by war, and it was doomed to decline. The GDP contribution of the sector had dropped by 50 percent, and the companies that had once succeeded were left in the remnants in the industrial heartland of America. However, a couple of companies managed to thrive despite the uncaring pop culture, stifling regulations and stiff competition from foreign manufacturers. A good example is the United Technologies Corporation (UTC) that was under the leadership of Chênevert. The company was a large industrial corporation with a net worth of $63 billion. The headquarters of United Technologies Corporation (UTC) is based in Hartford, Connecticut. Chênevert helped the company to be the market leader in the revolution in the aerospace and building space without leaving the company’s birthplace.