UTC is involved in the design and fabrication of aircraft engines and energy systems, commercial and military aircraft and components for the international space station. The subsidiaries also supply commercial elevators, fire and security systems as well as HVAC systems. UTC runs a cutting edge research center that supports all the other affiliates.
Louis Chenevert rose to the President and CEO position in 2006. He held the CEO title until 2014. He became the eighth Chairman of the company in 2010. He also served as President of Pratt & Whitney, a subsidiary of UTC that manufactures aircraft engines for both civil and military use. He joined the company in 1993 and served to 2006.
He had previously worked for General Motors in a fourteen-year stint. He is one of the best paid and influential business leaders. He grew UTC’s revenue to unmatched levels and augmented shareholder value to outpace all competition. Louis Chenevert has served as the Vice-Chairman of The Business Council, an organization that hosts CEOs to discuss policy and leadership development. He is also associated with the US-India CEO Forum.
Additionally, he is a fellow at the American Institute of Aeronautics and Astronautics. He is expected to maintain a firm grip on the aerospace and industrial sector. He is also serving as an Exclusive Advisor of Goldman Sachs. He also serves on the board of Cargill, a supplier of industrial, agricultural and financial products based in Minnesota.
Louis Chenevert attended HEC Montreal, one of the most prestigious business schools in Canada. He remains on the advisory board at the learning institution. He was acknowledged by Aviation Week & Space Technology as the “Person of the Year” in 2011. Chenevert built a legacy of success and put the company on the global map.