Louis R. Chênevert

Louis R. Chênevert is a Canadian businessman. He served as the Chairman and Chief Executive Officer of United Technologies Corporation^[5] and was also President of Pratt & Whitney Canada.

Early life and education

Chênevert was born in Montreal, Quebec. He earned a bachelor of business administration degree in production management from HEC Montréal, an affiliated Business School of University of Montreal, in 1979. In May 2011, Chênevert received a doctorate honoris causa from HEC Montréal.^[6] He was awarded a doctorate honoris causa from Concordia University in 2014.^[7]

Career

Chênevert worked for General Motors for 14 years where he became general production manager before joining Pratt & Whitney Canada in 1993.^[8] He was named vice-president of operations and later president of Pratt & Whitney in 1999.^[6] In March 2006, he joined United Technologies Corporation and became chief operating officer, president, and director.^[9] In 2008, he was named CEO.^[10] Chênevert became chairman of the board in January 2010.^[6]

In June 2011, Chênevert joined the board of Cargill Inc.^[11] Chênevert previously served as vice-chairman of the executive committee of The Business Council in 2011 and 2012.^[12] In 2013, he received the United Service Organization's (USO) Distinguished Service Award.^[13]

On December 8, 2014 Chênevert stepped down as CEO of United Technologies Corp. and was replaced by director Edward Kangas.^[14][8]

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.^[15] 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.^{[16][17][18][19]}

Chênevert is a founding member and director of the United States Friends of HEC Montréal Foundation and chairs the HEC Montréal International Advisory Board.^[6] He is also chairman of the Yale Cancer Center Advisory Board.^[7]

Personal life

While CEO of United Technologies Corporation 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.^[20]

He is the 2009 recipient of the Honor Award from the National Building Museum.

U.S. aviation trade magazine Aviation Week & Space Technology named Chênevert its Person of the Year 2011.^[21][22]

References