Tag: Pratt & Whitney

How Louis Chenevert Came To Lead United Technologies Corporation

Louis Chenevert grew up in a middle-class family in Montreal, Quebec. He says he had a pretty normal childhood and became interested in business affairs and being an entrepreneur early on in life. He knew that if he maintained a focus on his career he could rise to great heights in the business world and so he made that his priority. He attended the University of Montreal’s HEC Montreal Business School and earned a degree in production management.

After graduating from college he was hired by General Motors. The person who hired him, Guy Hachey, saw he had a lot of potential and gave him the opportunity to manage this company’s Montreal production line. Hachey says that Louis Chenevert wasn’t much younger than himself and every time he rose to a new position he would hire Chenevert to replace him in his former position.

After working for GM for well over a decade Louis Chenevert left the auto industry behind and joined the aerospace industry. His first job in this industry was at Pratt & Whitney Canada. In 1996 he joined this company’s parent firm, Pratt & Whitney, at the executive position. His success here led to him joining this firm’s parent company, United Technologies Corporation, one of the biggest firms in the aviation industry. It is also a leader in other areas of the manufacturing industry. He eventually became the chief executive officer and chairman of the board.

One of Louis Chenevert’s biggest accomplishments was making the decision to invest in the next generation of plane engines known as the GTF engine. He says he knew this engine would revolutionize the industry given all of its advantages over prior generation engines. It was more fuel efficient, quieter, and didn’t cost as much to maintain. He invested $10 billion into this engine which is now used by over 14 commercial airlines around the world. He spent six years as the head of UTC before deciding to retire from this position. He is credited with getting this company on track and dramatically improving the processes they use to manufacture their products.

https://www.cnbc.com/louis-chenevert/