Louis R. Chenevert, a force that brought unrelenting change and innovation to the aircraft industry
Louis R. Chenevert, known for his chairman and CEO roles at UTC (United Technologies Corporation), was born in Montreal, Quebec during the year of 1958. Continuing his time in Canada, he earned a bachelor’s degree in business administration from HEC Montreal in 1979. He also received doctorate degrees from HEC Montreal in 2011 and Concordia University in 2014. His career started with him spending 14 years at General Motors as a Production General Manager. He continued his stunning career at Pratt & Whitney in 1993, becoming president in 1999 and leaving in 2006. The position he is known best for however at UTC, he begun with him as a director in 2006, a swift election President and CEO in 2008 and Chairman in 2010; He served these positions until he retired in 2014. He also had numerous other positions with a multitude of companies and has quite the prestigious resume, but his legacy lies with UTC.
His idea for United Technologies began with a deep comprehension of customer needs and an intense zeal for producing heavy-hitting and reliable products with a 30-year cycle. The ideals of Mr.Chenevert brought: the F135 engine that revolutionized the military propulsion industry, the development of the GTF engine which was known for its efficiency, key development in narrow body segments for airplanes which generated an opportunity to develop the next generation of the Gulfstream G500 and G600, developing the next X2 technology that doubled the speed of helicopters, and the largest acquisition ever at the time of Goodrich Aerospace for $18 billion. The ideals that brought about these amazing changes about were his focus on operational talent and engineering that produced results that exceeded customer’s expectations. He also preferred for UTC to operate in small teams with a leadership team at the head that was given the tools and means to chase innovative products. Lastly, at the end of production he made sure that each product underwent intense review and scrutiny to prevent defects and issues.
Overall, Louis R. Chenevert was an inspiring leader in the aerospace industry netting himself a whopping $22 million for his extraordinary accomplishments that were achieved through his intense focus, unrelenting drive, and great passion.