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How Louis Chenevert Built UTC into One of the World’s Most Profitable Businesses

Louis Chenevert was the chairman and Chief Executive Officer at United Technologies Corporation until 2014. He was elected to the position of president and CEO of the firm in 2008 and ascended to chairman in January 2010. Before that, he had been the president of Pratt & Whitney between April 1999 and March 2006.Before he joined Pratt & Whitney back in 1993, Louis worked at General Motors for 14 years, where he was in charge of production at the company’s St. Therese plant.

An Expert Deal-Maker
Everything about Mr. Chenevert is big and impressive; standing at a massive 6’5″, an interviewer compared shaking the businessman’s hand to clutching an electrode. Besides his massive physical presence, he is all about bringing big ideas and goals to life. The biggest deal in the history of the aerospace industry was orchestrated by Louis Chenevert, which is 2010’s buyout of Goodrich by United Technologies for an incredible $16.3 billion. By pushing through the deal during a depressed market, he managed to grab the major manufacturer of landing gear and brakes at a bargain price, making United Technologies a full-service aeronautical systems provider, offering everything required on an airliner except the avionics.

The Rise of UTC
Since he left Pratt & Whitney’s engine business from his lengthy stint at General Motors, Louis had an incredible run of success. His ascendance to the top of Pratt & Whitney ran parallel to his unit’s incredible performance, which reflected in the fortunes of the parent company. Besides, he was tapped for the position of CEO of UTC in the midst of a depression but his tenure saw the company’s stock price rise from $37 to $117 regardless.

Education and Professional Achievements
Chenevert holds a bachelor of commerce degree in production management from the prestigious University of Montreal, École des hautes études commerciales (HEC). He is also a member of Business Roundtable’s Executive Committees, where he serves as the chairman of the Tax and Fiscal Policy Committee. Louis also serves on the board of directors of the Congressional Medal of Honor Foundation and Cargill. He also chairs advisory board of the Yale Cancer Center.

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