BioBoxes-United Technologies CEO, Chairman Louis Chenevert retires, successors named

Industrials Associated Press

NAME: Louis R. Chenevert.

Continue Reading Below

AGE: 56

CAREER: Chief executive officer and chairman of United Technologies Corp., 2008 to 2014, chief operating officer of United Technologies, president of jet engine manufacturing subsidiary Pratt & Whitney.

EDUCATION: Bachelor of Commerce Degree in production management from the Universite de Montreal, Ecole des Hautes Etudes Commericales.

EXECUTIVE STYLE: Chenevert frequently talked about urbanization as a driver for growth for United Technologies. Expanding cities around the world are expected to benefit the commercial building industry, particularly Otis elevator. Urbanization also will lead to increased air travel, United Technologies says.

Chenevert was the main force behind the $18.4 billion purchase of aerospace parts maker Goodrich Corp., frequently telling industry analysts and others that the deal — the largest in the industry — was "transformational."

Continue Reading Below

QUOTE: "They like their elevators because they live in tall buildings," he said of urbanization. "And they tend to urbanize where it is warm, so we like that a lot" with United Technologies heating, cooling and air conditioning business.

NAME: Gregory J. Hayes.

AGE: 54

CAREER: Named as president and CEO of United Technologies. Previously, he was chief financial officer and vice president of accounting and held other executive posts at the aerospace and building systems conglomerate.

He was treasurer at Hamilton Sundstrand, a previously-owned subsidiary of United Technologies that manufactured airplane components and avionics. Hamilton Sundstrand was later superseded by Goodrich Corp., the airline parts maker that United Technologies bought in 2012.

Hayes is a certified public accountant.

EDUCATION: Bachelor's degree in economics from Purdue University in 1982.

PERSONAL TRAITS: Hayes has developed a reputation for bluntness. In March 2010, he told investor analysts that "any place outside of Connecticut is low cost." Politicians jumped on the comment, with Republican saying it proved their point that taxes and regulations in the state are excessive. In this year's election for Connecticut governor, Democratic Gov. Dannel P. Malloy brought the comment back to life in debates and political ads, saying he reversed the previous image of Connecticut as hostile to business by negotiating a tax credit deal with United Technologies.

QUOTE: Two weeks ago, Hayes said in a meeting with industry analysts that the economy in Europe "has been disappointing for everybody, probably the Europeans more so than anybody."

NAME: EDWARD A. KANGAS

AGE: 70

CAREER: Kangas, the lead independent board member at United Technologies, was elected chairman. He was global chair and chief executive of Deloitte, Touch, Tohmatsu, 1989 to 2000.

In 1985, Kangas was named managing partner and with J. Michael Cook, helped create Deloitte & Touche. He became head of Deloitte Touche Tohmatsu, which is responsible for supporting global clients.

Deloitte says that Deloitte & Touche Tohmatsu provided value-added service to a growing number of clients in the former Soviet Union, China and elsewhere.

He has served as chairman of the board at Tenet Healthcare Corp. since 2003 and is a board member of Hovnanian Enterprises Inc., Intuit Inc. and Intelsat

EDUCATION: Bachelor of business administration, University of Kansas; master of business administration, University of Kansas.

QUOTE: "CEOs are fundamentally bright people. They care about their customers, they care about their people, they care about quality, they care about their communities, they care about their nations. But what makes them really special is they know how things work."