Louis Chenevert’s Continued Success

Louis Chenevert used determination and hard work to achieve success. In 1958, he was born in Montreal, Quebec. He became interested in entrepreneurship and business while he was a child. He obtained his major in production management from the HEC Montreal Business School. He pursued his career path because he wanted to make companies successful.

He was first hired by Guy Hachey to work for General Motors at ST. Theresa, Quebec on the assembly line. Hachey promoted Louis Chenevert every time he himself received a promotion. They are still good friends today. After 14 years with the Montreal plant, he was convinced by Karl Krapek to pursue a career in the aerospace industry. In 1993, he began working at the aircraft engine manufacturer, Pratt & Whitney Canada. The main Pratt & Whitney company is in the US. The Canadian division was focused on building small aircraft engines, while the US company builds larger ones.

Louis Chenevert became the US company’s executive vice president for operations in 1996. In his first year, he decreased the manufacturing costs by 10 percent. He used his assembly line experience to speed up engine construction. He became the President of P&W three years later. The company increased its profits after he took over the leadership. Executives at United Technologies Corporation recognized his accomplishments. P&W is a UTC subsidiary. In 2006, he became a chairman at UTC, and later a director. He wanted UTC to invest $10 billion to design and develop the geared turbofan engine. The end product positively effected UTC’s place in the engine market. The engine is now used on more than 70 aircrafts at 14 airlines.

In 2008, Louis Chenevert became the CEO. He brought back much of the production to the US to avoid manufacturing a cheap product. UTC now has a $240 million U.S. Navy contract to build the F135 engine. The conglomerate acquired Goodrich Corporation for $18 billion.

Although he retired in 2014, he is the advisory board chairman at the Yale Cancer Center. 10 months after retiring, he became Goldman Sachs Merchant Banking Division’s senior industry advisor.

https://medium.com/@louischenevert6/who-is-louis-r-chenevert-c1ae95052bce