Louis Chenevert is a Canadian-born businessman. He was born in 1958 in the French-influenced province of Quebec. He received his bachelors degree in production management from HEC Montreal which is a business school. Today, many of his business practices and strategies have been adopted by other companies to increase efficiency and sustainable growth.
This tremendous growth led to Chenevert’s appointment, in only six years with the company, to the position of president. Following this success, he was appointed to Chairman and CEO of United Technologies Corporation.
A company dedicated to manufacturing high-technology products, United Technologies Corporation leads the way in corporate forward thinking. This, of course, is due in no small part to Louis Chenevert. It was under Chenevert’s leadership that UTC saw a large share growth from thirty-seven dollars to one hundred seventeen dollars making this a two hundred percent increase.
It was under Chenevert’s leadership that UTC saw a large share growth from thirty-seven dollars to one hundred seventeen dollars making this a two hundred percent increase. He later revealed his commitment to investing in the future and attributes the company’s unprecedented growth to those principles.
However, Chenevert’s greatest contribution was the sixteen-billion-dollar acquisition of Goodrich making it one the top aerospace deals in the history of the United States. Not merely concerned with profit, Chenevert also implemented company-wide standard to help produce eco-friendly products.
Chenevert’s stepped down from his position in 2014. However, his influence is still felt in the company and many of his practices are still being used by the current CEO.