Louis Chenevert is a businessman and a former Chief Executive Officer of United Technologies Corporation, a multinational conglomerate based in America involved in research, development, and manufacturing of high technology products. Louis spent 14 years in General Motors where he worked as the Production Manager. In 1993, he joined Pratt & Whitney Canada and was appointed as the president after serving the company for six years.
Chenevert was elected as the chairman of UTC in March 2006. From 2011 to 2012, he also worked as the Executive Committee of the Business Council’s vice chairman. On December 8th, 2014, Louis stepped down as UTC’s CEO, and in September 2015 he became an Exclusive Advisor at Merchant Banking Division, targeting opportunities in the aerospace and industrial sectors.
When Louis was the CEO of UTC, he played a very crucial role and left behind a high standard legacy that has remained hard for other executives to match. Chenevert accomplished some remarkable achievements, such as formulating significant profits in the market even in a recession and procuring Goodrich. This procurement still stands as his wonder deal that signifies exceptional patience and business insight. He spent over a year in continuous negotiations before closing the deal at 18.4 billion dollars.
Louis’ enthusiasm to invest in technologies was vital in driving the future growth of UTC. The vision he had during his tenure as the president of the company is today’s driving force in sustaining the U.S. economy as well as assisting in producing manufacturing jobs that remain in the United States. Today, Pratt & Whitney own manufacturing factories in Georgia, Maine, Connecticut, New York, Maine, and Michigan. These plants make a supply chain that touches every state throughout the country. With an investment of more than one billion dollars, these factories are in a position to meet the needs of the present customer base as well as future clients.
To add to the legacy of Chenevert’s leadership, UTC manufactures the engines of the most advanced jet in the world for both military and commercial users. The company dominates the air conditioning, heating, and refrigeration industry. It also manufactures more helicopters at its unit in Sikorsky than any other firm in the United States. The various plants operated by Aerospace Systems Unit manufacture sensors, actuators, breaks, landing gears, flight controls among others.