Louis Chênevert’s success has was recently made headlines in Release Fact. In 1958 Chênevert was born in Montréal, Québec where he led a normal childhood and developed a passion for entrepreneurship and business at a young age. The drive, work ethic, and dedication was instilled in Chênevert in his youth knowing these attributes will lead eventually lead to success.
He specialized in Production Management at the HEC Montréal Business School. After earning his degree, Chênevert started his career at General Motors where he was in charge of the assembly line. He was hired by Guy Hachey, an employee who had been with the company 1.5 years longer and always promoted Chênevert as his predecessor when he was promoted into a new role. Hachey shares with Release Fact the bond and commonalities of learning and success Hachey and Chênevert both shared while working in the auto industry, remaining close friends to this day.
After 14 years at GM, Chênevert along with another GM employee named Louis Krapek, shifted towards the Aerospace Industry. While Hachey became President and COO of Bombardier Aerospace company, Krapek ultimately became the President and COO of United Technologies Corporation (UTC).
Chênevert joined Pratt & Whitney Canada (PWC) within the Aerospace Industry, a division of Pratt & Whitney (P&W). Chênevert had created significant success for PWC by cutting manufacturing costs by 10%, whose impact was recognized by P&W where he was appointed Executive VP for Operations. Three years laters and he was appointed President of the company where he was able to turn around the P&W financial situation to making it profitable again.
UTC, the company that P&W was a subsidiary of, had later asked Chênevert to become Chairman of the Corporation after seeing his success at P&W. UTC provided numerous types of products through multiple subsidiaries, enabling him to experience and become unskilled on a broader level. After two years, he became CEO and president of UTC, after exemplifying his strength as a leader. UTC celebrated enormous success during his time as a leader, landing a million dollar contract with the U.S. Navy and acquiring Goodrich Corporation, making UTC a bigger player within the industry than it was before.
After serving as President and CEO for six years, he retired in 2014. While developing hobbies on the side, Chênevert also serves as the Chairman of the Advisory Board at Yale Cancer Center. To read his full biography on Release Fact, click here.