Upon graduating from the university, Louis R. Chenevert, a French Canadian began his career in Production Management. His journey started at St. Therese Production where he served as the General Manager for 14years. Louis then worked at General Motors and United Technologies Corporation (UTC) before joining Goldman Sachs where he is to date.
Louis Chenevert’s appointment as UTC CEO in 2006 came at a time where there was a recession that paralyzed top companies in the US. The economic conditions however, did not stop Chenevert from pursuing his goals for UTC. As UTC President and CEO, Louis attained approximately $100billion worth achievements in just a single year, a performance that takes an entire career for most CEO’s to achieve.
Under Chenevert`s tenure, UTC was able to settle an acquisition deal worth $18.4 billion after just one year of negotiations. Additionally, UTC won the lobby offered to manufacture a second alternate engine for US Air Force, making UTC the sole supplier of US F-35 engine.
In addition, Louis committed himself to invest in his employees’ development while at UTC through UTC`s Employee Scholar Program. To date, more than 40000 UTC employees have benefited from this program. Chenevert also had an excellent leadership style. He focused on picking the best potential projects, a principle he passed on to Gregory Hayes who is UTC`s current CEO. Under his tenure, UTC attained global expansion with their revenues growing to 60% at the time of his resignation.
On December 8th, 2014, Chenevert resigned from his position and Edward Kangas who was the Lead Independent Director took over. This resignation resulted into his appointment to his following position as an Exclusive Advisor in Merchant Banking Division at Goldman Sachs.
At Goldman Sachs, Chenevert plays an advisory role to the bank’s private-equity division and other businesses. Chenevert also targets opportunities in the aerospace and industrial sectors.