Louis Chenevert – Building Things to Last

Many people are saying that Louis Chenevert has left a legacy at United Technologies Corporation, also known as UTC.

Legacy is a hard word to live up to. A legacy is not just achievements. Many people have achieved something, but they have not left a legacy. A legacy is something that is enduring, something that lives past your years and continues changing the world for a long time after. Chenevert accomplished this with United Technologies Corporation.

It was after he received his Bachelor’s degree in Production Management from the highly prestigious HEC University in Montreal, a fourteen year stint at General Motors, and time serving as president for Pratt & Whitney, that Chenevert became the Chair of the Board and Chief Executive Officer for UTC (United Technologies Corporation).

United Technologies Corporation is a producer of high technology products. While they were a successful business, when Louis Chenevert took over as CEO they became the juggernaut they are today.

Immediately, Chenevert began to make positive changes. He led them to begin researching and crafting new high-end technologies. He began producing aircraft engines for air carrier businesses and the military. He then moved UTC to begin providing specialized and custom sensors for jet engines that were better than their closest competitors and for a fraction of the cost. Through his business acumen, he was able to get investors to raise the stock price from the $37 initial starting point, to the $117 a share that the stocks would be at when he stepped down in 2014.

During his tenure, Chenevert was able to cut gas emissions by nearly twenty five percent and decrease his company’s water consumption by half. This he did because he believes in caring for nature.

Because of his mass success, Chenevert was declared the “Person of the Year” by the magazine known as Aviation Week and Space Technology. He would also receive a reward from a museum known as the National Building Museum. Lastly, in 2009 he would receive from the University of Montreal, his alma mater, an honorary doctorate to hang upon his wall.