Louis Chênevert studied at HEC Montréal, which is an affiliate of the University of Montréal. He studied at its Business School and obtained his Bachelor’s degree from here in production management. In 2011, he received his honorary doctorate. This was from HEC Montréal. In this year the Aviation Week & Space Technology named him as the Person of the Year. This is an aviation trade magazine of the US. All this was a result of his substantial contributions to this industry.
It was in 1999 that Louis Chênevert was elected as the President of Pratt & Whitney after working at Pratt & Whitney Canada for six years. It was in 2006 that he got elected as the Chairman as well as CEO of UTC. He had also worked for General Motors before that for 14 years. When he resigned from the post of CEO of UTC, Edward Kangas took over.
In 2011 he was elected as the Vice Chairman of the Executive Committee of the Business Council. In 2015, Louis Chênevert joined the Goldman Sachs Merchant Banking Division as their Exclusive Advisor. He was looking out for opportunities that were available in the industrial and aerospace sectors, besides offering his advice on their other businesses.
Today UTC has managed to combine the interests of its customers, stakeholders, as well as shareholders so that it remains on top even during this subprime recession. This has been made possible by the efforts of Louis Chênevert.
During the postwar era in the US, the manufacturing sector was in a state of decline. Their contribution to the GDP dropped by 50%. Their thriving businesses were in ruins. But few manufacturers still managed to survive despite the indifferent pop culture, stiff regulations, along with fierce competition coming in from foreign manufacturers. One of these companies was United Technologies Corporation (UTC). It was an industrial conglomerate that was worth $63 billion. It had its headquarters in Hartford, Connecticut.