Louis Chênevert is a Canadian businessman who has had success in the automobile industry, as well as the aerospace industry over his career. Chênevert was never given anything, everything that he has had throughout his life he has earned, including a degree in production management from the HEC Montréal Business School at the University of Montréal. With this degree Chênevert would go on to work for General Motors, United Technologies, and Goldman Sachs.
Chênevert first landed a job at General Motors where he was in charge of the assembly line in a plant in Montréal. The man who hired him, Guy Hachey, was very pleased with his decision. Hachey and Chênevert are still very good friends to this day, and remain close. After his 14 years at General Motors, Chênevert decided to work for a company by the name of Pratt & Whitney Canada (PWC). Chênevert used his short time at PWC as a path towards working for the larger P&W. Chênevert was chosen to be the Vice President for operations, since the prior Vice President was retiring. It took a short three years before Chênevert was named the president of P&W. As a result of Chênevert’s success at P&W, the multinational conglomerate company of UTC came asking for his services.
As Chênevert joined UTC, he brought along with him the idea of the geared turbofan engine plan. UTC would eventually invest $10 billion dollars in this plan, which would increase efficiency in fuel consumption, emissions, and reduce the use of parts. Currently, the geared turbofan engine is flown in over 70 aircraft that are a part of 14 different airlines. As a result of his success Chênevert became the CEO and president of UTC. During his six years as CEO and president he continued his success landing a $240 million-dollar contract with the U.S. Navy and increasing the stock price of UTC by $80 dollars per share.
Since his retirement Chênevert has became involved with the Yale Cancer Center. Also, he is a senior industry advisor to the Goldman Sachs Merchant Banking Division.