Louis Chenevert’s Recognition For His Aerospace Industry Experience

Posted on December 05, 2018

Former Chief Executive Officer and CEO Louis Chenevert of United Technologies Corporation had been with the company since 2006 until his retirement in 2014. UTC manufactures jet engines for military and commercial clients. UTC employees remember Chenevert for not laying off a single person during the recession although similar companies were letting employees go. He serves as an exclusive advisor to the Merchant Banking Division at Goldman Sachs, a financial services firm where Chenevert advises the company about investments in the aerospace industry. Before joining United Technologies as a director, Chenevert spent seven years at Pratt & Whitney and 14 years at General Motors.

Chenevert earned a degree from the Business School (HEC) of the University of Montreal and he holds two honorary degrees; one from the University of Montreal and one from Concordia University. He is the chairman of the Board of Directors for the Friends of HEC Montreal and HEC Montreal’s International Advisory Board. In 2009, Chenevert received the Honor Award from the National Building Museum. Chenevert also was Aviation Week & Space Technology’s 2011 Person of the Year.

Wings Journal called Chenevert a pioneer in the aerospace industry for his work at Pratt & Whitney and United Technologies, both of which are in the aerospace industry. Chenevert had a bold plan at UTC, he wanted all the engineering employees to work in Connecticut, as opposed to any other states, He thought this would encourage collaboration. He also received the honor for overseeing UTC’s acquisition of Goodrich, which eliminated the need for UTC to outsource.

Chenevert has always been passionate about investing in his employees. At United Technologies, he emphasized the Employee Scholar Program, which allowed employees to earn a degree in any subject. The company invested $1 billion in the program and employees earned nearly 39,000 degrees.
http://www.utc.com/News/News-Center/Pages/Louis-Chenevert-becomes-the-eighth-Chairman-of-United-Technologies.aspx