Louis R. Chênevert will never forget the worst job he ever had. That job, a line supervisor in a General Motors assembly plant, was the foundation of what would become an impressive career.
Louis Chênevert spent 14 years climbing the ranks at GM. Chênevert was also the President of aerospace company Pratt and Whitney for nearly seven years, but he’s best known for being the driving force behind United Technologies Corporation.
United Technologies Corporation(UTC) specializes in the research, development and production of everything from aerospace technologies and aircraft engines to escalators and fire systems. The Connecticut company also handles several government contracts.
Chênevert credits his success in part to his razor-sharp focus and ability to think outside the box. Louis Chênevert has also demonstrated exceptional foresight throughout his career. While acting as President of Pratt and Whitney, a subsidiary of UTC, Chênevert recognized the potential of the GTF jet engine. His success at Pratt and Whitney earned him the President and CEO position at UTC, and he pushed for further research and development of the GTF engine. Because of his passion and perseverance, the GTF engine eventually changed the way the industry looked at jet engines.
The GTF engine wasn’t the only game-changing development attributed to Louis Chênevert. Chênevert also oversaw the acquisition of the Goodrich Corporation. In an $18 billion deal, UTC purchased the aerospace manufacturing company, allowing UTC to significantly reduce production costs and evolve into a multinational conglomerate known as UTC Aerospace Systems.
While Chênevert no longer acts as President and CEO of UTC, he still finds the rapid rate of growth in technology exciting. He advises young entrepreneurs to surround themselves with the right people and to put the main focus on the customer.
Louis R. Chênevert is now semi-retired but has remained active in the business world as the Senior Industry Advisor of Goldman Sachs Merchant Banking Division, a member of Board of Directors of Cargill, Chairman of Yale Cancer Center’s Advisory Board and Chairman of the Congressional Medal of Honor Foundation. The Canadian born businessman is proud to have been inducted into the American Institute of Aeronautics and Astronautics.