United Technologies (UTC) has appointed David L Gitlin as President and CEO of its Carrier air conditioning and refrigeration business in advance of its planned spin-off next year.
Described as a UTC veteran, Gitlin moves from the group’s aerospace business where he was most recently President and COO of Collins Aerospace. He was previously President of UTC Aerospace Systems after leading the integration of Goodrich Corporation with UTC. UTC announced late last year its intention to separate into three independent companies by spinning off its Carrier and Otis elevator businesses. A new president and CEO, Judith F Marks, has also been appointed for its Otis elevator business.
“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,” commented UTC Chairman and CEO Greg Hayes.
“As we prepare to become an independent public company, we will be working tirelessly to ensure that we provide best-in-class performance for our customers, employees and shareholders,” added Dave Gitlin. The spin-off of the Otis and Carrier businesses is not affected by today’s announcement that UTC is to merge with aerospace company Raytheon. The timing of the separation of Otis and Carrier is said to be on track for completion in the first half of 2020.
