About Louis Chenevert
Louis Chenevert is a Canadian entrepreneur who graduated from HEC Montreal an affiliated Business School of University of Montreal. Mr. Chenevert graduated in 1979 with a Bachelor of Business Administration. In 2014, he received an honorary doctorate from HEC Montreal while in 2014 he was awarded another honorary degree from Concordia University. Read This Article to learn more about Chenevert.
Louis Chenevert’s Career
Louis Chenevert is the former chairman and CEO of United Technologies Corporation (UTC). He was named as the CEO in April 2008 and chairman in January 2010 respectively. Mr. Chenevert had served in other companies prior to that where he also held senior positions. Louis Chenevert served at General Motors for 14 years and became the General Production Manager but left in 1993 for Pratt &Whitney in Canada. He served as the vice president of operations and later became the president of Pratt & Whitney in 1999. He would later join United Technologies Corporation in March 2006. (More: dailyforexreport.com/louis-chenevert-leadership-investment-innovation/)
Moreover, Mr. Chenevert not only headed the United Technologies Corporation but also served as director as well. With Louis Chenevert at the helm, the company grew tremendously such that during his tenure UTC’S share price rose from of $37 to $117 in a weeks’ time. That was a record of a 200% appreciation in shareholder value considering it was during a time of deep subprime recession. Such was Mr Chenevert’s prowess in handling his business as the CEO that always turned out successful. Check him out on Forbes.
Notably, Mr Chenevert saved the situation several years ago where most of the company’s engineers would have lost their jobs when he did a minor restructuring. He did this by moving the engineers from a lower cost- local back so that the company would be in a position to fix them whenever their skill was required in commercial and military markets. Further, under Mr. Chenevert’s leadership, the performance was so remarkable such that UTC was able to generate twice as much shareholder returns of standard Dow Jones Industrial and S&P 500 for ten years ending December 2013.