Louis Chenevert is the man who took United Technologies Corporation (UTC) and turned its silver into gold.
Chenevert began his career by working at General Motors for 14 years. As everyone knows, General Motors is a training ground for future CEOs since Jack Welch believed GM deserved the best. While Chenevert was employed by GM, he worked as a Production General Manager.
Chenevert did so well in his role at GM that he was picked up by Pratt and Whitney in 1993. It was in as little as 6 years that Chenevert would become president of the company and lead it to mass success.
In 2006, he became the Chairman and CEO on United Technologies Corporation, which he transformed into a $63 billion company. During his time there, stocks and share prices skyrocketed from the respectable $37 to the world commanding $117. This was a nearly 200% increase in less than 8 years.
Chenevert would continue impacting businesses everywhere by becoming the Vice Chairman of the Executive Committee of the Business Council for the years 2011 and 2012. In 2015, after stepping down from United Technologies Corporation, he became an advisor at Goldman Sachs in the Merchant Banking Division.
During Chenevert’s career, he was given several awards. He was named “Person of the Year” by the magazine who knows his industry the best, Aviation Week and Space Technology. HEC of Montreal awarded him a honorary doctorate from their university. In 2009, he was granted an award by the National Building Museum.
Chenvert’s legacy continues to be felt at UTC. The new president and leadership of the company have continued supporting his values of excellence, environmentally safe products, products that address people’s policy concerns, and empowering workers. Louis Chenevert had a vision for UTC, and he made it a reality.