Born in Montreal, Quebec, Louis Chenevert has risen to stand among the giants of the business world. He attended the HEC Montreal, an affiliated Business School of the University of Montreal and there he acquired his bachelor’s degree in production management. It is from these fairly moderate beginnings that Chenevert would rise to become a titan.
He first started on with General Motors, applying his knowledge and skills there before resigning from his position after fourteen years. In 1999 Louis was elected to be the President of Pratt & Whitney with an exemplary record of 6 years of employment with the company. After several years of working diligently, Chenevert was elected to become the Chairman and C.E.O. of UTC, where he would stay until 2014.
His time as C.E.O. of UTC was during one of the most financially turbulent times for the American economy, during the subprime recession. During his tenure as C.E.O. of UTC the share-price value of the corporation was at an extremely low value of $37 per share. Towards the end of his time the share-price had gone up to $117, marking him as a brilliant leader.
One of the most noteworthy things that he accomplished during his tenure was his refusal to participate in what was then the very frowned upon practice of outsourcing production or wholesaling products offshore. In fact, one particular incident involved Louis re-locating several hundred employees from a low-cost community to production sites in Connecticut which made it possible for UTC to utilize to have room to apply skills needed locally without having to outsource jobs and keeping them local.
Throughout his career he has shown a remarkable ability to balance the demands of running a globally influential business like UTC and not only run it but to increase its overall worth in addition to its reputation for keeping loyal to its employees. Through his brilliance the corporation has grown and achieved a balance within its portfolio of clients from a wide range of products and services. UTC has been able to grow in the aerospace and building industries with unparalleled speed due to the leadership of Louis Chenevert.