Louis Chenevert is Worth More than His Weight in Gold

Louis Chenevert has a history of being a successful businessman. Chenevert began his business career by gaining a Bachelor’s Degree from HEC Montreal in Production Management. Since this was an affiliate of the University of Montreal, his degree carried high respect in the business sector.

Straight out of university, Chenevert would pick up his first job at none other than the CEO-training juggernaut, General Motors. It was here at GM that he worked for 14 successful years as a Production Manager. His skills and talents were so apparent that in 1993 he was approached by Pratt & Whitney and offered a job in aircraft engine manufacturing. In just 6 years, Chenevert did such an amazing job that he was elevated to the role of president after being at the company for just 6 years.

Having gotten his feet wet in the aircraft industry, he was voted, and became, the Chairman and CEO of United Technologies in 2006. It was here that he put his experience at General Motors and Pratt & Whitney to work. To say it paid off would be an understatement.

Chenevert led the rising of his companies stocks. When he arrived at United Technologies Corporation, the stock was hovering at $37. After implementing several changes, the stock soared to a total of $117, bringing UTC’s estimated value to $63 billion.

Chenevert was able to produce such results through various initiatives. Firstly, he instilled into everyone the value of integrity. You did not cut corners. You did not hurt the environment. You did not ignore the needs of people. Being true to his vision, Chenever lowered gas emissions by 26% and water consumption by 53%. He would go soon forth and urge his fellow companies to do the same. Chenevert can easily be called one of the biggest business tycoons in aerospace history.