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.
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] |
Early life and education
editChênevert 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
editChênevert 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]
Personal life
editWhile 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
edit- ^ "Louis Chênevert" (Press release). NNDB. Retrieved 2008-04-10.
- ^ UTC. "Louis R. Chênevert Acceptance Remarks at 2010 FDNY Foundation Dinner for Fire Commissioner's Humanitarian Award".
- ^ "United Technologies Corp. and CEO Louis Chenevert Win ERC's 2010 Pace Award for Leadership in Business Ethics" (Press release). Ethics Resource Center.
- ^ "A Salute to Visionaries of Sustainability". National Building Museum. Archived from the original on 2011-03-05.
- ^ "Louis Chênevert". UTC. Archived from the original on 2011-06-28. Retrieved 2011-02-04.
- ^ a b c d "Louis R. Chênevert and C. R. Hinings Awarded Honorary PHDs". HEC Montreal. 26 May 2011.
- ^ a b "Honorary degree citation – Louis R. Chênevert". Concordia University Montréal. June 2014.
- ^ a b "United Technologies CEO Louis Chenevert Retires". Fox Business. 24 November 2014.
- ^ "United Technologies Corp" (PDF). SEC. 8 February 2007.
- ^ "How United Technologies Became a Top Gun". Fortune. 2 June 2014.
- ^ "UTC's Chenevert joins Cargill board". Hartford Business. 14 June 2011.
- ^ The Business Council, Official website, Executive Committee Archived 2013-07-21 at the Wayback Machine
- ^ "United Technologies Support of U.S. Armed Forces and Military Families Recognized by USO". United Technologies. 17 December 2013.
- ^ a b SINGER, STEPHEN (4 March 2016). "UTC Chief Greg Hayes Received $10.8M In Compensation Last Year". courant.com. Retrieved 28 June 2019.
- ^ Clough, Richard (8 December 2014). "United Technologies CEO Left Amid Director Concern on Priorities". Bloomberg.com. Bloomberg. Retrieved 8 December 2014.
- ^ "Congressional Medal Of Honor Foundation Announces Election Results". PR Newswire. 27 March 2015.
- ^ "Goldman Sachs Hires Former United Technologies CEO Chenevert". Bloomberg.com. 8 September 2015.
- ^ "Goldman Sachs Merchant Banking Division Retains Former Chairman and CEO of United Technologies" (Press release). 8 September 2015.
- ^ "Goldman Hires Former United Technologies CEO as Aerospace Adviser". The Wall Street Journal. 8 September 2015.
- ^ "Louis Chênevert, Former UTC Chief, Retained By Goldman Sachs". Hartford Courant. 9 September 2015.
- ^ 2008 CEO Compensation for Louis R. Chênevert Archived 2009-11-01 at the Wayback Machine, Equilar.com
- ^ "Notice & Proxy Statements, United Technologies Corporation". sec.gov. 2010. Retrieved 2020-01-02.
- ^ AW & ST, 14 January 2013 issue, p. 47
- ^ "AIAA Congratulates Louis Chenevert On Being Named Aviation Week Person of the Year". The American Institute of Aeronautics and Astronautics.