Louis R. Chênevert | |
---|---|
Born | 1958 (age 65–66) |
Alma mater | Université de Montréal |
Occupation | Chief executive officer of UTC (Retired) |
Predecessor | George David |
Successor | Gregory J. Hayes |
Spouse | Debra Chênevert [1] |
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. [8] 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. [9] In 2008, he was named CEO. [10] Chênevert became chairman of the board in January 2010. [6]
In June 2011, Chênevert joined the board of Cargill Inc. [11] Chênevert previously served as vice-chairman of the executive committee of The Business Council in 2011 and 2012. [12] In 2013, he received the United Service Organization's (USO) Distinguished Service Award. [13]
On December 8, 2014 Chênevert "abruptly resigned" [14] as CEO of United Technologies Corp. and was replaced by director Edward Kangas, [8] [15] until Gregory Hayes acquired the post in November 2014. [14]
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.[ citation needed]
U.S. aviation trade magazine Aviation Week & Space Technology named Chênevert its Person of the Year 2011. [23] [24]