Time at UTC
Louis Chenevert‘s work impressed the management from when he joined UTC in 1993. He was at the time working for Pratt & Whitney, the business branch of the firm. In just a few years, he had risen to the position of the branch’s President. It was not long after that he was made the top manager at UTC, taking up the capacity of the President and Chief Executive Officer. He got down working, emphasizing on modern technologies and human resource, the tools that he believed could take any business to the top. In as much as he believed in investing in the right technology, he was more passionate about the people. Under the Employee Scholar Program, he encouraged the employees’ empowerment through education.
During his tenure, Chenevert led UTC to take up big projects that saw it rise with each one of them. One such transaction was winning the tender from the US Air Force to manufacturer the F-35 engine. He was greatly involved in the development and marketing of Pratt & Whitney’s Geared Turbofan (GTF) engine. He is best remembered for leading negotiations in the acquisition of Goodrich in just a year after taking the firm’s leadership. The transaction was worth 18.4 billion.
More about Chenevert
Louis Chenevert is a former student at Université de Montréal, École des Hautes études commerciales (HEC) where he studied production management. His career began at General Motors where he headed the St. Therese operation. After leaving UTC, he joined Goldman Sachs as the Exclusive Advisor to the division of merchant banking.