Louis R. Chênevert

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Louis R. Chênevert (born 1958) is a Canadian businessman. He served as the Chairman and Chief Executive Officer of United Technologies Corporation[1] and was also President of Pratt & Whitney.

Early life and education

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.[2] He was awarded a doctorate honoris causa from Concordia University in 2014.[3]

Career

Chênevert worked for General Motors for 14 years where he became general production manager before joining Pratt & Whitney Canada in 1993.[4] He was named vice-president of operations and later president of Pratt & Whitney in 1999.[2] In March 2006, he joined United Technologies Corporation and became chief operating officer, president, and director.[5] In 2008, he was named CEO.[6] Chênevert became chairman of the board in January 2010.[2]

In June 2011, Chênevert joined the board of Cargill Inc.[7] Chênevert previously served as vice-chairman of the executive committee of The Business Council in 2011 and 2012.[8] In 2013, he received the United Service Organization's (USO) Distinguished Service Award.[9]

On December 8, 2014 Chênevert "abruptly resigned"[10] as CEO of United Technologies Corp. and was replaced by director Edward Kangas,[4][11] until Gregory Hayes acquired the post in November 2014.[10]

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.[12] 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.[13][14][15][16]

Chênevert is a founding member and director of the United States Friends of HEC Montréal Foundation and chairs the HEC Montréal International Advisory Board.[2] He is also chairman of the Yale Cancer Center Advisory Board.[3]

Personal life

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.[17]

In 2005, Chênevert was inducted as a Fellow of the American Institute of Aeronautics and Astronautics (AIAA).[18]

He is the 2009 recipient of the Honor Award from the National Building Museum.Script error: No such module "Unsubst".

U.S. aviation trade magazine Aviation Week & Space Technology named Chênevert its Person of the Year 2011.[19][20]

References

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  8. ↑ The Business Council, Official website, Executive Committee Template:Webarchive
  9. ↑ Script error: No such module "citation/CS1".
  10. ↑ a b Script error: No such module "citation/CS1".
  11. ↑ Script error: No such module "citation/CS1".
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  14. ↑ Script error: No such module "citation/CS1".
  15. ↑ Script error: No such module "citation/CS1".
  16. ↑ Script error: No such module "citation/CS1".
  17. ↑ 2008 CEO Compensation for Louis R. Chênevert Template:Webarchive, Equilar.com
  18. ↑ Script error: No such module "citation/CS1".
  19. ↑ AW & ST, 14 January 2013 issue, p. 47
  20. ↑ Script error: No such module "citation/CS1".

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Business positions
Preceded byTemplate:S-bef/check CEO of United Technologies Corporation
April 9, 2008 – November 24, 2014 Template:S-ttl/check 		Template:S-aft/check Succeeded by

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Template:United Technologies Corporation

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