Louis Chenevert: Successful Canadian Businessman and Former CEO of UTC

Louis Chenevert is the former CEO of United Technologies Corporation (UTC) as well as a Canadian businessman. During his time with UTC, he was able to get many amazing things done as well as working through a recession to make large gains for his company. The acquisition of Goodrich during a low time in the market has become one of his crowing achievements, and he spent over a year negotiating with the company before the $18.4 billion deal arrangement was finalized. Another project of Chenevert’s that made him well-known was with Airbus and Pratt & Whitney. It was during 2011 that he saw ahead in the future and realized that certain materials could help engines to burn hotter. To this day, UTC still profits from his decisions made back then, and so does the U.S. economy.

Before his time with UTC, Louis Chenevert was the Production General Manager for General Motors. He also became the president of Pratt & Whitney after working with them for six years time. During 2011 to 2012 he sat as Vice-Chairman of Executive Committee of the Business Council, and after bringing UTC to great heights, he became the Exclusive Advisor for Goldman Sachs in its Merchant Banking Division in 2015. While he was in charge of UTC, as its CEO, Chenevert received a total amount of $22,032,175, which includes stock options and cash bonuses.

Louis Chenevert was born in Quebec and is proud of his Canadian heritage. He worked hard at HEC Montreal to receive his Bachelor’s degree in production management. He has won many different awards and honors along the way and one of these was the Honor Award from the National Building Museum. In 2011, he was named Person of the Year by U.S. aviation trade magazine Aviation Week & Space Technology. Not many can claim to have had the experiences and success in their life like Louis Chenevert has, and, to this day, he continues to work for the betterment of the world at large.

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