Louis Chenevert has led an amazing career and has helped to grow some of the most successful companies in the world in the meantime. He was born in Montreal, Quebec and realized, early on, that he had an interest in entrepreneurship and business. Since he wasn’t born into an overly wealthy family, he had to start out from the bottom and work his way up, which he did. He studied at the HEC Montreal Business School at the University of Montreal and earned a degree in Production Management while there. After his schooling, he got hired on with General Motors at its St. Therese, Quebec operation, and Chenevert was charged with overseeing the assembly line there.
Interesting development in the aerospace sector: https://t.co/9xzKKNQ3sH
— Louis Chenevert (@louis_chenevert) February 20, 2018
Louis Chenevert learned plenty while working at General Motors; especially to pay attention to details and to keep an assembly line moving quickly without mistakes. After working with the company for 14 years, he moved on and moved into working in the aerospace sector. He joined up with Pratt & Whitney Canada in 1993 and happened to impress another company while there. That company was United Technologies Corporation, which was the parent of Pratt & Whitney. He cut manufacturing costs at Pratt & Whitney company by 10% in just one calendar year and sped up its assembly line and became its President just six years after joining on.
Eventually, Louis Chenevert was picked up by UTC after they just couldn’t wait any longer, and he got to work on the geared turbofan (GTF) engine, which has become a staple of UTC. He became the Chairman of UTC in 2006 and later on became its President and then CEO. UTC eventually invested $10 billion into the GTF engine, which has become one of the best in the industry. Chenevert led UTC to profits and growth during a major recession and built an amazing engine that has reduced fuel consumption by 16% all while cutting down on emissions by 50%. Louis Chenevert is now remembered and will always be known as the real reason for the amazing success of UTC, and he is happy that he was able to help many of the company’s employees along the way by supporting their education and growth.