Born in Quebec, Louis Chenevert earned his bachelor degree of commerce in production management from HEC Montreal. He worked at General Motors for 14 years as their production general manager in St.therese. In 1993, Pratt & Whitney technologies hired him and he became the company president from April 1999 to March 2006. In March 2006, he was elected as United Technologies Corporations president and CEO. Chenevert became chief executive and CEO of United Technology Corporation in 2008, and Chairman by 2010.
It’s difficult to raise a business in Hartford, Connecticut with its high tax rates, foreign competitions, heavy regulations, and indifference to popular trends. Yet as the head of UTC, Louis Chenevert increased the company payout rate by 10%the company continued to meet the state dividend payments for 77 years straight. And when United Technology Corporation was experiencing a recession by the time Louis was CEO, he increased the company share price from low $37 dollars to $117 dollars. And he increased the net change and return values of UTC in Dow Jones Industrial and S&P 500 index stocks that continue to increase today. He stopped his company job cuts that most companies would outsource overseas by transferring hundreds of his engineers to Connecticut so they could have flexibility doing UTC’s military and commercial projects.
Chenevert was CEO of United Technologies Corp until December 8, 2014. And on September 8, 2015, he became executive advisor Goldman Sachs merchant banking division, advising other businesses in aerospace and industrial sectors he worked his life through.