Louis R. Chênevert (born 1958) is a Canadian businessman. He served as the

Chairman The chair, also chairman, chairwoman, or chairperson, 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 gro ...

and

Chief Executive Officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

United Technologies Corporation United Technologies Corporation (UTC) was an American multinational corporation, multinational list of conglomerates, conglomerate headquartered in Farmington, Connecticut. It researched, developed, and manufactured products in numerous are ...

and was also President of

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

Early life and education

Chênevert was born in

Montreal Montreal is the List of towns in Quebec, largest city in the Provinces and territories of Canada, province of Quebec, the List of the largest municipalities in Canada by population, second-largest in Canada, and the List of North American cit ...

Quebec Quebec is Canada's List of Canadian provinces and territories by area, largest province by area. Located in Central Canada, the province shares borders with the provinces of Ontario to the west, Newfoundland and Labrador to the northeast, ...

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

HEC Montréal HEC Montréal (; English: ''High Commercial Studies of Montreal'') is a bilingual public business school located in Montreal, Quebec, Canada. Founded in 1907, HEC Montréal is the graduate business school of the Université de Montréal and is ...

, an affiliated Business School of

University of Montreal A university () is an institution of tertiary education and research which awards academic degrees in several academic disciplines. ''University'' is derived from the Latin phrase , which roughly means "community of teachers and scholars". Univ ...

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

. He was awarded a doctorate honoris causa from

Concordia University Concordia University () is a Public university, public English-language research university located in Montreal, Quebec, Canada. Founded in 1974 following the merger of Loyola College (Montreal), Loyola College and Sir George Williams Universit ...

in 2014.

Career

Chênevert worked for

General Motors General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing f ...

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, south of Montreal. It is a division of the larger US-based Pratt & Whitney (P&W), itself a business unit of RTX ...

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

The Business Council The Business Council is a nonpartisan 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 from the

National Building Museum The National Building Museum is a museum of architecture, design, engineering, construction, and urban planning in Northwest Washington, D.C., U.S. It was created by an act of Congress in 1980, and is a private non-profit institution. Located at ...

. 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, a division of Informa. The weekly magazine is available in print and online, reporting on the aeros ...

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 Businesspeople 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