Recap: Former UTC President & CEO, Louis Chenevert

The article, “The Inspiring Story of Louis Chenevert,” is an insightful read into the extensive career of Canadian businessman Louis Chenevert. The article highlights Mr. Chenevert’s accomplishments as a hard working businessman.

Mr. Chenevert was born in Montreal, Quebec in 1958. Upon graduating with a degree in product management from the HEC Montreal Business School at Montreal University, his first job was with General Motors, in charge of the Montreal automotive assembly line. After 14 years at General Motors, Mr. Chenevert went to work for Pratt & Whitney Canada (PWC) in 1993. Pratt & Whitney Canada is a part of Pratt & Whitney (P&W) in the United States. P&W is a subsidiary of the international conglomerate, United Technologies Corporation (UTC).

Three years later, Mr. Chenevert left PWC to step into the position of Executive Vice President for Operations at P&W. In 1999, he became President of P&W. He brought the company out of a financial slump and in 2006, he became the Chairman of UTC. Since UTC owns various companies that engage in different forms of technology, this opportunity gave Mr. Chenevert the chance to work with different forms of technology, from security systems and HVAC systems, to elevators and escalators.

In 2008, Mr. Chenevert took on the responsibility of becoming the CEO and President of UTC. He made major changes that were necessary to the success of UTC. UTC is based out of Connecticut. For starters, Mr. Chenevert moved all the jobs back to the New England state, believing that the quality of the products would be much better if they were domestically manufactured. Being a very big move when the outsourcing concept was becoming more popular for companies based in the United States, it brought back jobs for American workers. He also went a step further and put the entire company in Connecticut, instead of facilities being scattered across the country. With that being noted, he also even paid relocation expenses for all UTC employees.

The article ends with a semi-retired Mr. Chenevert, who is currently a Senior Industry Advisor for Goldman Sachs banking division.

http://releasefact.com/2018/05/louis-chenevert-inspiring-story/