Louis R. Chenevert assumes the role of the President and CEO at the United Technologies Corporation (UTC). He was appointed the company’s Chairman in January 2010 and President and Chief Executive Officer in April 2008. He became the Director and Chief Operating Officer of UTC in March 2006. He previously worked at Pratt & Whitney as the President between April 1999 and March 2006.
Mr. Chenevert worked at General Motors before joining Pratt & Whitney in 1993. His role was to oversee the operations of General Motors’ St Theresa. He also serves on the board of the Business Roundtable as an Executive Committee member. Here, he serves as the chairman of the Tax and Fiscal Policy Committee. He also serves on the board of the US-India CEO Forum and The Business Council. Louis Chenevert also served as the Chairman of the Advisory Board of the Yale Cancer Center as well as the Board of Directors of the Congressional Medal of Honor Foundation and Cargill. Louis Chenevert was inducted as the Fellow of AIAA in 2005.
Louis Chenevert went to the Universite de Montreal, Ecole des Hauste Estudes commerciales (HEC) and earned a bachelor’s degree in Production Management. He is a founding partner and Chairman of the Friends of HEC Montreal Board as well as Chairman of the Advisory Board of HEC Montreal Board. Louis Chenevert had a remarkable run since joining Pratt & Whitney in 1993. His rise to the position of the Pratt & Whitney’s President coincided with a renaissance of the company’s performance. It currently generates significant gains in market share for United Technology Corporation, its parent company.
Under his helm, UTC’S share-price has risen from a low of $37 to $117 within a week. That accounts for a 200% appreciation in shareholder value. Louis Chenevert has recently moved hundreds of its aerospace engineers to Connecticut to allow for greater flexibility when applying their skills. That has helped UTC to avoid staff layoffs as is seen at other companies. At UTC, Chenevert focuses in two broad markets, aerospace and building technologies. UTC has combined Otis with its control business to provide integrated solutions to infrastructure and commercial projects around the world.https://affiliatedork.com/how-former-ceo-louis-chenevert-helped-utc-become-a-global-force