How Louis Chenvert’s Legacy Preceded and Succeeded Him

History is made as a process over time. It is not just a moment that changes things forever. You must consider the whole timeline. When we look at Louis Chenevert, we can only conclude that the former CEO of UTC is a great man worthy of our respect.

Chenevert sent ripples through the business world when he began his studies in Montreal, Quebec. While in this great city, which he was born in, he would study in the University of Montreal’s prestigious extension school, HEC of Montreal. It was while attending here that Chenevert would receive his education in the field of Production Management under some of the best professors that this world had to offer.

Once he graduated, Louis Chenevert would take a position at General Motors. It was here that for fourteen years Chenevert would work as a Production General Manager and show his skills for all to see. It did not take long for the company Pratt and Whitney to take notice of Chenevert and offer him a job in their aerospace company.

Chenevert continued showing his skills at Pratt and Whitney for six years. He was so successful at his job that in 1999 the board at Pratt and Whitney offered Chenevert the role as president of the company. Chenevert accepted.

After a successful run with Pratt and Whitney, Chenevert would be offered his best job as of yet, CEO at UTC. While he was working as the Chief Executive Officer of United Technologies Corporation, he would lead the company to heights it had never even dreamed of.

Chenevert would succeed in completing two game changing acquisitions. He was able to acquire the company of Otis. For those who may not know, this is the world’s largest elevator, and escalator company. Beyond that, he was able to convince those at the company of Goodrich to sell him their company for $16.3 billion. Once these purchases were made, stocks, which began at $37 a share, rocketed all the way up to $117 a piece and the company was worth over $63 billion.