When people think of business legends, names like Welch, Gates, Jobs, and Soros come to mind. In that list of great names, belongs a man named Louis Chenevert.
Louis Chenevert made a name for himself during his time at United Technologies Corporation. Here, he served as the Chairman of the board and also as the Chief Executive Officer. During his time running the corporation, UTC would see its shares grow from $37 to over 200% and max out at $117. UTC never missed a dividend payment while Chenevert was there. To top it all off, United Technologies Corporation was last valued at $63 billion and rising. While many find this to be shocking, anyone who had been watching Chenevert’s career knew that it would only be a matter of time before he achieved such great success. Read more at French Tribune.
Louis Chenevert attended HEC of Montreal, the affiliate of the prestigious University of Montreal, and obtained a productions management degree.
When Chenevert graduated, he would begin working at the American based General Motors as a Production General Manager. As time went on, 14 years to be exact, he was offered a promotion but turned it down when Pratt & Whitney offered him the job of COO.
Chenevert worked as COO for the aerospace manufacturing company Pratt & Whitney for six years before being offered the job of President. He gladly took this job and increased the company’s value by several million dollars. When he was ready for a change, United Technologies Corporation offered him a $24 million compensation package if he would take the role of Chief Executive Officer and Chairman of the Board. This was an easy decision for him. Visit utc.com to know more about Louis Chenevert.
Louis Chenevert would make United Technologies Corporation great again by acquiring several businesses to enhance their ever-increasing portfolio. These business acquisitions were Otis, Goodrich, and Pratt & Whitney.
Louis Chenevert would leave the United Technologies Corporation in 2014. In 2015, he would appear again as a consultant at Goldman Sachs in the Banking division. He then began working with United Technologies Corporation again as a consultant to lower their gas emissions.