No matter how you judge success, Louis Chenevert would clearly be an instant victor. He was named “Person of the Year” by the magazine that saw his work the most, “Aviation Week and Space Technology”. However, we must remember that he did not start that way.
Chenevert began his long and astonishing career the way many of us do; as a student. Being a native of Montreal, Quebec, Chenevert joined the affiliate of the widely respected University of Montreal, HEC Montreal. It was here that he would receive a Bachelor’s Degree in Production Management, a degree that he would use to skyrocket to the top.
After excelling in school, Chenevert would land a job at General Motors working as a Production General Manager. That fact right there should signal to us all that Chenevert was destined for great things. General Motors has always been filled with the brightest minds in management, and if Chenevert was there, somebody had to have faith in his skills.
After fourteen wonderful years working at General Motors, Chenevert would take a job working for Pratt and Whitney. Pratt and Whitney was a highly respected aircraft engine manufacturer. It was here that Chenevert would cut his teeth in the industry. He was so successful in this company that after six years of service the Pratt & Whitney board promoted Chenevert to President of the company.
After his successful stint with Pratt & Whitney, Chenevert would become the Chairman and CEO of the United Technologies Corporation. It was here that his legacy was left. Chenevert was able to take the stocks from $37 a share and successfully raise it to $117 a share before he stepped down in the year 2014.
Chenevert did such an amazing job instilling his values into the company that the management still runs everything according to what Chenevert believed. It is not wonder that this company is now worth $63 billion.