Louis Chenevert is the former Chairman and Chief Executive Officer of United Technologies Corporation. The company researches, develops and manufactures high edged technology products in various areas such as aerospace systems and aircraft engines. It also carries out studies in elevators and escalators, industrial products and systems, fire, and security. Chenevert has a bachelor’s degree in production management from the University of Montreal. He was also President of Pratt and Whitney Canada. He firmly believes that a company investing in the latest technology can give it a competitive edge.
Since 1993, when Louis Chenevert joined UTC Pratt and Whitney engine business, he provided a way to gain in market share for the parent company. Having been appointed CEO in 2006, a time when the American economy was at its lowest point, he led the manufacturing company to significant achievements. With a leadership foundation, UTC assembles the most advanced jet engines in the world. Of all the creations of UTC, Louis Chenevert is most pleased by the Geared Turbofan (GTF) engine because it has a huge breakthrough in the aviation industry due to its fuel efficiency and reduced engine noise and emissions. He spent nearly two decades nurturing and championing this project.
Other achievements by Louis Chenevert in his leadership at UTC include; acquiring Goodrich, Pratt and Whitney won a lobbying battle that allowed it to become the only supplier of the F-35 engine for the Joint Strike Fighter. Besides, Pratt and Whitney were also allowed full commercial control of the existing alliance and other options. The GTF engine project put Pratt and Whitney as leading players in the narrow-body jet engine market, which is a position UTC had not held since the 1980s. During his leadership, UTC managed to avoid layoffs of engineers by moving them from low-cost locale to Connecticut where the company would get the flexibility of applying their skills in military and commercial markets.
Louis Chenevert is also an Executive Committee member of the Business Roundtable. He is a member of the US –India CEO Forum serves on the board of directors for Cargill and the Congressional Medal of Honor Foundation. Louis was inducted as a Fellow of the American Institute of Aeronautics and Astronautics in 2005.