Louis R. Chênevert: The Down-to-Earth Aerospace Innovator

There are not too many American multinational conglomerates that have survived without any major bruises from the Great Recession, but one of the few is United Technologies Corp (UTC). UTC serves customers in the areas of commercial aerospace, defense, and building industries and is considered a top innovative company.

UTC’s rise to fame was not the old fashion way, but by mergers and acquisitions, starting from United Aircraft’s name change to United Technologies Corp in 1975. United Technologies Corp took over many companies, which accounts for its business diversity, such as Otis elevators and escalators, Carrier heating and cooling systems, Pratt & Whitney jet engines, aerospace systems, building systems, the Sikorsky helicopter and more.

In November of 2014, Louis R. Chênevert retired as the Chairman & Chief Executive Officer of United Technologies Corporation. In 2010, he was elected its Chairman after serving as a director in 2006. In April 2008, Chênevert was named the President and CEO. He knows how this company operates and prospered.

From April 1999 to March 2006, Chênevert was the President of Pratt & Whitney, and before Pratt & Whitney, Chênevert was Production General Manager of General Motors’ St. Therese operation. Chênevert was inducted as a Fellow of the American Institute of Aeronautics and Astronautics, in May 2005.

Louis Chênevert, a Canadian, attended HEC Montréal, an affiliated Business School of the University of Montreal and was granted a Bachelor of Commerce in production management.

Louis R. Chênevert, in September 0f 2015, took a position as an Exclusive Advisor at Goldman Sachs, in its Merchant Banking Division. His role is to advise businesses of their opportunities in aerospace and the industrial sectors.

In an interview, Chênevert commented on the effectiveness of his accomplishments at United Technologies, which were based upon investing and innovation. The investments are both in future technology and in people.Since 1996, 39,000 United Technology invested in its employees who earned 39,000 degrees.

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