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Louis Chenevert Retired as a Rich CEO

Canadian Businessman Louis Chenevert is a retired chairman and CEO of the United States’ United Technologies, a private defense company. The company makes airplanes and builds buildings too. Chenevert worked with the company for twenty-two years. Chenevert’s hard work ensured that United Technologies stayed in the United States. During his tenure, the company purchased Goodrich, the division which makes planes. United Technologies became the biggest investor in International Aero Engines.

 

Chenevert left United Technologies after a very successful career. He placed #101 on the Forbes list of CEO Compensations. He earned $15.33 million dollars for his total compensation and $75.78 million in a five-year compensation offer. Other reports state that Chenevert left United Technologies with $195 million in stocks, reimbursements, and a pension. In total, he is worth $430 million dollars, which placed him the fifth richest CEO in the United States, tying with John T. Chambers, CEO of Cisco Systems.

 

 

Chenevert attended college in Montreal at the Hautes Etudes Commerciales. He was in the class of 1979 and earned a Bachelor of Commerce Degree in production management. In 2005, he earned a fellowship at the American Institute of Aeronautics and Astronautics. Chenevert also sits on philanthropic boards. He is a member of the roundtable at the Executive Committees of the Business Roundtable and chairs a few divisions for the roundtable. Chenevert is the chairman of the Yale Cancer Center and serves on the board of the Congressional Medal of Honor Foundation. He also serves on the board of directors at Cargill.

 

Before United Technologies, Chenevert served as the President of Pratt & Whitney Company, Inc., which is part of United Technologies. He also served as a production manager at General Motors in Canada. Currently, he is an exclusive advisor of the merchant banking division of Goldman Sachs. He lives in Hartford, Connecticut and has a Twitter page.

 

http://www.utc.com/News/News-Center/Pages/UTC-Chairman-Chief-Executive-Officer-Louis-Chenevertrecognized-with-the-Publi.aspx