Louis R. Chênevert

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Louis R. Chênevert
Born 1958
Canada
Residence Hartford, Connecticut
Alma mater Université de Montréal
Occupation Chief executive officer of UTC (Retired)
Predecessor George David
Successor Gregory Hayes
Spouse(s) 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] On November 24, 2014, Gregory Hayes was elected by the Board of Directors to succeed Chênevert, whose retirement was abruptly announced on November 24.[6] Despite mediocre performance, well below average versus all of his peers, his leaving package was valued at $172 million.[7]

Biography[edit]

Early life[edit]

Louis Chênevert earned a bachelor of commerce degree in production management from HEC Montréal, an affiliated Business School of University of Montreal.

Career[edit]

Chênevert was elected to be UTC's President and Chief Operating Officer in March, 2006. He was elected president of Pratt & Whitney in 1999, after working with Pratt & Whitney Canada for six years. Before this, he spent 14 years at General Motors.

He serves as Vice-Chairman of the Executive Committee of The Business Council for 2011 and 2012.[8]

Personal life and honors[edit]

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.[9]

He is the 2009 recipient of the Honor Award from the National Building Museum

On 22 May 2011, Chênevert received a doctorate honoris causa from HEC Montréal.

US aviation trade magazine Aviation Week & Space Technology named Chênevert its Person of the Year 2011.[10]

References[edit]

See also[edit]

Business positions
Preceded by
George David
CEO of United Technologies Corporation
April 9, 2008 – November 24, 2014
Succeeded by
Gregory Hayes