How Louis Chenevert Left a Legacy at United Technologies Corporation

As a Canadian businessman, Louis Chenevert had huge success when he was the chairman and chief executive officer of the aerospace and manufacturing giant United Technologies Corporation (UTC). After graduating from The University of Montreal with an undergraduate in production management he went to work for General Motors. He worked at their facilities in St. Therese for 14 years as its production general manager.

It was in 1993 that Louis Chenevert joined a subsidiary of United Technologies Corporation, Pratt & Whitney Canada. In 1999 he was promoted to the position of vice-president of operations at Pratt & Whitney and then again to the president of this firm. Seven years later he was again promoted, this time to United Technologies Corporation itself. He started out in three positions; director, president, and chief operating officer. Finally, in 2008, he was named the chief executive officer. He served in this position until he decided to step down in on December 8, 2014, handing over his position to the company’s director, Edward Kangas.

While heading UTC, Louis Chenevert accomplished a lot for the company. He heavily invested in technology and the people of the company, making that a large part of his legacy. He made it a point to keep manufacturing in North America and not shipping jobs overseas like many other companies in these industries. Due to his efforts, Pratt & Whitney now has manufacturing facilities in six states; Georgia, New York, Connecticut, Michigan, Maine, and Florida. He invested more than $1 billion into these facilities and hired a lot of American workers.

Louis Chenevert has been honored many times for his work at UTC. He was given an honorary doctorate from his college alma mater, for example. In 2009 the National Building Museum presented him with their Honor Award. In 2011, Aviation Week & Space Technology called him their Person of the Year. After taking a year off to spend time on his sailboat he joined the financial giant Goldman Sachs. He is now an exclusive advisor that primarily provides financial advice to clients on investing in manufacturing and aerospace corporations.