United Technologies Corporation (UTC) assembles state of the art jet engines globally for commercial and military usage as well as operating the biggest Escalator and Elevator Company. It’s impossible to miss the various plants run by their Aerospace Systems Unit producing aerostructures, brakes, landing gears, actuators, sensors and flight controls. The $63 billion industry headquartered in Hartford, Connecticut’s capital.
Louis R. Chênevert retired as the Chairman and CEO of the UTC in November 2014. He was the President and CEO from April 2008 and in January 2010 was elected as the Chairman of the organization. In March 2006 he became the Director of United Technologies. He also served as the President in Pratt and Whitney as from April 1999 to March 2006 after joining in 1993. Louis Chênevert was in General Motors’s St. Therese operation for 14 years as the Production General Manager.
He became a Senior Industry Advisor when he teamed with the Goldman Sachs Merchant Banking Division from 2015 to 2017. He is in the Business Council as a member and an ex-member of the US-India CEO Forum. Louis Chênevert is part of the Directors’ Board of Cargill Inc. as from 2011, was made the Chairman of the Congressional Medal of Honor Foundation in 2017 as well as Chairman of Yale Cancer Center’s Advisory Board. He got inducted as a Fellow of the AIAA (American Institute of Aeronautics and Astronautics).
Louis Chênevert went through the Université de Montréal, École des Hautes études commercial (HEC) and is a holder of a Bachelor of Commerce degree in Production Management where he got awarded with an Honorary Doctorate in 2011. Louis Chênevert is on the Board of Directors for the Friends of the institution as the Chairman, the founding director and the Chairman of HEC Montreal’s International Advisory Board.
While at UTC, he earned a compensation of $22,032,175 in total inclusive of a salary of $1,318,974, a $4,294,844 cash bonus, granted stock of $4,376,921, granted options of $11,774,710 together with a compensation of $266,726. He received the Honor Award from the National Building Museum in 2009, and he was named Person of the Year in 2011 by US aviation trade magazine.