| Louis R. Chênevert | |
| Birth Place: | Montreal, Quebec, Canada |
| Alma Mater: | Université de Montréal |
| Spouse: | Debra Chênevert[1] |
| Occupation: | Chief executive officer of UTC (Retired) |
| Predecessor: | George David |
| Successor: | Gregory J. Hayes |
| Awards: | 2010 FDNY Fire Commissioner’s Humanitarian Award[2] 2010 Pace Award for Leadership in Business Ethics[3] 2009 Honor Award[4] |
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.
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]
Chênevert worked for General Motors for 14 years where he became general production manager before joining Pratt & Whitney Canada in 1993. 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.[8] In 2008, he was named CEO.[9] Chênevert became chairman of the board in January 2010.[6]
In June 2011, Chênevert joined the board of Cargill Inc.[10] Chênevert previously served as vice-chairman of the executive committee of The Business Council in 2011 and 2012.[11] In 2013, he received the United Service Organization's (USO) Distinguished Service Award.[12]
On December 8, 2014 Chênevert "abruptly resigned"[13] as CEO of United Technologies Corp. and was replaced by director Edward Kangas,[14] [15] until Gregory Hayes acquired the post in November 2014.[13]
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.[16] 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.[17] [18] [19] [20]
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]
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.[21]
In 2005, Chênevert was inducted as a Fellow of the American Institute of Aeronautics and Astronautics (AIAA).[22]
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.[23] [24]