FARMINGTON, Conn., Sept. 16, 2019 /PRNewswire/ -- Otis Elevator
Co. announces the appointment of Rahul
Ghai as Chief Financial Officer, reporting directly to
Otis President & CEO,
Judy Marks. Otis is a unit of
United Technologies Corp. (NYSE: UTX).
"Rahul has joined us at a pivotal time as we prepare to drive
growth and shareowner value as a stand-alone company," said
Otis President & CEO,
Judy Marks. "He has outstanding
public company leadership experience, and brings to Otis a deep
understanding of the needs and expectations of the investor
community."
Ghai has proven experience as a chief financial officer and
expertise across financial functions including investor relations,
accounting, FP&A, internal audit, tax and treasury. He's
managed and negotiated mergers and acquisitions and has a
successful track record of contributing toward significant earnings
growth in an S&P 500 company.
Ghai most recently served as senior vice president and CFO of
Harris Corporation. Prior to Harris, he served in executive-level
finance roles at Aetna and United Technologies Corp.
"Rahul is the right addition to our leadership team. This team,
with strong industry knowledge and domain expertise, along with the
68,000 Otis employees around the world, are committed to meeting
the diverse needs of customers and passengers to enhance how people
connect and thrive in a taller, faster, smarter world," added
Marks.
Otis remains on track to separate from United Technologies Corp.
and become an independent company in the first half of 2020.
About Otis
Otis is the world's leading manufacturer and maintainer of
people-moving products, including elevators, escalators and moving
walkways. Founded more than 165 years ago by the inventor of the
safety elevator, Otis offers products and services through its
companies in approximately 200 countries and territories. Otis is a
unit of United Technologies Corp., a leading provider to the
aerospace and building systems industries worldwide. By combining a
passion for science with precision engineering, the company is
creating smart, sustainable solutions the world needs. For more
information, visit www.otis.com or follow Otis on LinkedIn, YouTube
and as @OtisElevatorCo on Twitter, Facebook and Instagram.
Contact:
Katy Padgett
+1-860-674-3047
Kathleen.padgett@otis.com
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SOURCE Otis