Louis Chenevert has an impressive business background. He is the former CEO of United Technologies Corporation a company that manufactures high technology products. He worked at General Motors for 14 years where he served as production general manager.
In 1993, Chenevert joined Pratt and Whitney Canada and was elected president after only working for them for six years. In 2006, he was made UTC’s Chairman and he retired in 2014. In 2015 he joined Merchant Banking Division at Goldman Sachs. Here he served as an advisor for the industrial and aerospace industry.
While at UTC, he acquired Goodrich Company during a recession. He spent over 1 year in negotiation before coming to a $18.4 billion dollar deal. His work on Project GTF that established Pratt and Whitney as experts in the the narrow engine jet engine market. He wanted to develop advanced materials that made the jet engines burn hotter.
During his term there he made the company invest in the best technology that still is the standard today. A CEO he is described as an agent that should improve the company and it should be better when he leaves. Louis R.Chenevert fits that description
The GTF engine took a commitment of $10 billion and took more than 20 years to manufacture. It came into service just last year and is used by 14 airlines on 77 aircraft. It reduces fuel burn by 16%, produces about 50% less emissions, and reduces noise by 75%.
Louis Chenevert believed in green products and pushed for these type o products to be made at UTC. These were selling point for the products. The company set global standards for all its companies for green products.
He enjoys building yachts and now that he is semi retired he is building yachts with the latest technology. It takes passion and the ability to deal with the details. He has built 3 yachts thus far. One has customized commercial equipment, electronics, and helm station. It is for him and his family.
He worked closely with a company called Horizon to build this yacht. It is a yacht builder. He traveled to Taiwan several times to discuss the the yacht with the company. He owns the boat and Horizon gets to show it as example of their work. Safety was a big issue as he plans to sail with his wife and family.