Louis R. Chênevert is a Canadian businessman. He served as the

Chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

and

Chief Executive Officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

United Technologies Corporation United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. It researched, developed, and manufactured products in numerous areas, including aircraft engines, aerospace systems ...

and was also President of

Pratt & Whitney Pratt & Whitney is an American aerospace manufacturer with global service operations. It is a subsidiary of Raytheon Technologies. Pratt & Whitney's aircraft engines are widely used in both civil aviation (especially airlines) and military aviat ...

Early life and education

Chênevert was born in

Montreal Montreal ( ; officially Montréal, ) is the List of the largest municipalities in Canada by population, second-most populous city in Canada and List of towns in Quebec, most populous city in the Provinces and territories of Canada, Canadian ...

Quebec Quebec ( ; )According to the Canadian government, ''Québec'' (with the acute accent) is the official name in Canadian French and ''Quebec'' (without the accent) is the province's official name in Canadian English is one of the thirtee ...

. He earned a bachelor of business administration degree in production management from

HEC Montréal HEC Montréal (french: École des hautes études commerciales de Montréal) is a public Canadian business school located in Montreal, Quebec, Canada. Founded in 1907, HEC Montréal is the graduate business school of the Université de Montréa ...

, an affiliated Business School of

University of Montreal A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, the ...

, in 1979. In May 2011, Chênevert received a doctorate honoris causa from

. He was awarded a doctorate honoris causa from

Concordia University Concordia University ( French: ''Université Concordia'') is a public research university located in Montreal, Quebec, Canada. Founded in 1974 following the merger of Loyola College and Sir George Williams University, Concordia is one of the t ...

in 2014.

Career

Chênevert worked for

General Motors The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...

for 14 years where he became general production manager before joining

Pratt & Whitney Canada Pratt & Whitney Canada (PWC or P&WC) is a Canada-based aircraft engine manufacturer. PWC's headquarters are in Longueuil, Quebec, just outside Montreal. It is a division of the larger US-based Pratt & Whitney (P&W), itself a business unit of ...

in 1993. He was named vice-president of operations and later president of

in 1999. In March 2006, he joined United Technologies Corporation and became chief operating officer, president, and director. In 2008, he was named CEO. Chênevert became chairman of the board in January 2010. In June 2011, Chênevert joined the board of

Cargill Inc Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865, it is the largest privately held corporation in the United States in term ...

. Chênevert previously served as vice-chairman of the executive committee of

The Business Council The Business Council is an organization of business leaders headquartered in Washington, D.C.The Business Council, Official website, Executive Committee
In 2013, he received the United Service Organization's (USO) Distinguished Service Award. On December 8, 2014 Chênevert "abruptly resigned" as CEO of United Technologies Corp. and was replaced by director Edward Kangas, until Gregory Hayes acquired the post in November 2014. Chênevert was voted co-chairman on the Congressional Medal of Honor Foundation Board of Directors in March 2015 after serving on the board since 2008. In September 2015, he took up the role of an Exclusive Advisor in the Merchant Banking Division at Goldman Sachs for an undisclosed compensation; where he will be targeting opportunities in the aerospace and industrial sectors and advise other businesses. Chênevert is a founding member and director of the United States Friends of HEC Montréal Foundation and chairs the HEC Montréal International Advisory Board. He is also chairman of the Yale Cancer Center Advisory Board.

Personal life

While CEO of

in 2008, Chênevert earned a total compensation of $22,032,175, which included a base salary of $1,318,974, a cash bonus of $4,294,844, stock granted of $4,376,921, options granted of $11,774,710, and other compensation of $266,726. In 2005, Chênevert was inducted as a Fellow of the American Institute of Aeronautics and Astronautics (AIAA). He is the 2009 recipient of the

Honor Award The National Building Museum promotes excellence in architecture, engineering, construction, planning, and design. In furtherance of that mission, the Museum instituted an annual Honor Award in 1986 to recognize individuals and organizations that h ...

from the

National Building Museum The National Building Museum is located at 401 F Street NW in Washington, D.C. It is a museum of "architecture, design, engineering, construction, and urban planning". It was created by an act of Congress in 1980, and is a private Non-profit org ...

. U.S. aviation trade magazine

Aviation Week & Space Technology ''Aviation Week & Space Technology'', often abbreviated ''Aviation Week'' or ''AW&ST'', is the flagship magazine of the Aviation Week Network. The weekly magazine is available in print and online, reporting on the aerospace, defense and aviati ...

named Chênevert its Person of the Year 2011.

References

{{DEFAULTSORT:Chenevert, Louis R. 1958 births Living people American chief executives of manufacturing companies Canadian chief executives People from Montreal United Technologies people HEC Montréal alumni Canadian emigrants to the United States American chief operating officers American technology chief executives Fellows of the American Institute of Aeronautics and Astronautics