Louis Chenevert is a highly experienced professional who worked in the manufacturing industry for well over 30 years. He was born and raised in Montreal, Canada, and is a graduate of HEC Montreal, earning a commerce degree in production management. He spent 14 years at General Motors, 13 years at Pratt & Whitney, and several years at United Technologies Corporation.
At UTC, Louis Chenevert had been voted to be this company’s new president and chief executive officer in April 2008. In January 2010, he added the position of chairman of the board. In 2015 he resigned from UTC and is now working for Goldman Sachs as an exclusive advisor. His specialty is helping his clients invest in the manufacturing industry.
He says that it seems like every week nowadays a technology firm has some big announcement to make that will disrupt yet another industry. Artificial intelligence is advancing at a rapid pace, production is increasingly becoming automated, or there’s a new really useful mobile app. Louis Chenevert says industries, including manufacturing, are evolving so quickly that some will be unrecognizable even five years from now.
He asks that you consider someone who is about 90 years old having been born in 1930. Imagine how incredibly different the world is from the one they grew up in. Back then the automobile was just beginning to become mainstream and a lot of them were powered by steam, not gas. Now, this 90-year-old is seeing self-driving cars going around. The changes they have witnessed over their lifetimes are truly profound.
Louis Chenevert introduced a lot of cutting-edge technology during his time at the top of UTC. This company is a multinational conglomerate that has businesses all over the world. They are one of the world leaders when it comes to the aerospace industry, for instance. UTC has even been working with NASA since 1966 and has supplied all of the engines to send their rockets into space. During his time at UTC, Louis Chenevert heavily invested in technology and research which ended up tripling this company’s stock while he led it.