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United Technology Announces New CEOs of Carrier & Otis Units Prior to Public Spinoffs

By John F. Heerdink, Jr.
United Technologies Corp. (UTX) named David Gitlin as the Chief Executive Officer of Carrier air conditioners. Previously, Gitlin served as the president of UTC Aerospace Systems. Judith Marks was also declared as the new Chief Executive Officer for Otis elevators & had joined Otis as President in 2017 from Seimens.
Chief Executive Greg Hayes, United Technology was reported to have stated “I’m pleased to announce these most important assignments as we make strong progress toward our goal of establishing both Carrier and Otis as stand-alone public companies and clear leaders in their respective industries,” as reported.
Dow 30 component United Technologies Corporation (UTX) creates smart, sustainable solutions that are used to provide high-technology systems and services to both the building and aerospace industries. To learn more about United Technologies Corp. (UTX) and to track its progress please visit the Vista Partners United Technologies Coverage Page. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Join us at Vista Partners! It’s FREE to receive email updates. 14

United Technologies names CEOs for Carrier, Otis

United Technologies Corp on Monday named heads for its Carrier airconditioners and Otis elevators businesses, as the manufacturing conglomerate readies to spin off the units. David Gitlin, previously the president of UTC Aerospace Systems, was named the chief executive officer of Carrier, which..
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