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Louis R. Chênevert
Canadian businessman From Wikipedia, the free encyclopedia
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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[5] and was also President of Pratt & Whitney.
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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.[6] He was awarded a doctorate honoris causa from Concordia University in 2014.[7]
Career
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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]
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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.[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]
References
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