The Tenure of Louis Chenevert at United Technologies Corporation

Louis Chenevert is a renowned Canadian entrepreneur and investor. He currently works at United Technologies (UTC) as the Chairman and Chief Executive Officer. He previously worked at Pratt & Whitney as the CEO. M.r Chenevert grew up in Quebec before relocating to the United States. He went to HEC Montreal, an affiliated Business School of the Montreal University where he received his bachelor’s degree in Production Management.https://twitter.com/louis_chenevert

Louis Chenevert came to United Technologies Corporation in March 2006 as the President and COO. Having worked at Pratt & Whitney Canada for six years, Louis Chenevert was appointed the company’s president in 1999. He previously held the position of the General Manager of General Motors for over a decade. Upon his resignation as the Chief Executive Officer of United Technologies Corporation, Edward Kangas took over his role. He served as the Executive Committee Member and Vice Chairman of The Business Council between 2011 and 2012. Mr. Chenevert took up the position of an Executive Advisor at Goldman Sachs in September 2015 for an undisclosed compensation. He will be responsible for advising other businesses and exploring the industrial and aerospace sectors.

While serving as the Chairman and CEO of UTC, Mr. Chenevert would earn a total compensation of $22,032,175, where $1, 318,974 was the basic salary, $11,774,719 options, $4,294,844 cash bonus, $4,376,921 stock, and other compensations amounting to $266,726. In 2009, he was honored with the Honor Award by the National Building Museum. He was honored with an honorary doctorate by HEC Montreal in 2011 and earned the accolade of the Person of the Year from a U.S. aviation trade magazine, Aviation Week & Space Technology in the same year.

The foundation laid at UTC by Louis Chenevert has helped it to continue its dominance in the market. UTC enjoys competitive advantages that emanate from the background laid during Louis Chenevert’s tenure. His legacy continues to steer United Technologies Corporation to prosperity. The vision that he embodied at UTC along with its business units has helped it to remain competitive. Since 2006 when he joined UTC, Louis Chenevert has been at the forefront championing improvements that have helped it to grow its market share.

Leave a Reply

Your email address will not be published. Required fields are marked *