World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Carrier appoints new CFO prior to spin off

USA: Carrier has appointed Tim McLevish as chief financial officer as it prepares to become a public company after completing its separation from United Technologies Corp (UTC).

McLevish most recently served as senior advisor to the CEO at Walgreens Boots Alliance, advising on strategic partnerships and M&A. He brings nearly 30 years of financial leadership experience to Carrier, including significant spin-off and start-up experience.

As a member of Carrier’s executive leadership team, McLevish will report to Dave Gitlin, Carrier’s recently appointed president and CEO.

“We are tremendously excited to welcome Tim to the Carrier team,” said Gitlin. “He brings world-class financial experience, having served as a public company CFO at Walgreens Boots Alliance, Kraft, Ingersoll-Rand and Mead Corp.”

United Technologies announced the spin off last year, following its purchase of aerospace company Rockwell Collins. It is expected to be completed in the first half of 2020.

Post-separation, Carrier will continue to include Carrier commercial and residential HVAC, Automated Logic controls, Kidde and Edwards fire safety, and LenelS2 security solutions.

Related stories:

UTC to spin off Carrier business27 November 2018
USA: Air conditioning and refrigeration equipment manufacturer Carrier is to become a separate independent company after parent United Technologies (UTC) announced its spin off yesterday. Read more…

Gitlin appointed Carrier president and CEO10 June 2019
USA: 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. Read more…

Latest News

15th July 2026

Testing AC in real world conditions

JAPAN: The General Group is to build a demonstration house to test air conditioning systems for high-performance homes, shifting from individual rooms to whole house air conditioning.
15th July 2026

Daikin X series combines HP cooling and heating

BELGIUM: Daikin Europe is to launch the X Series, a mixed heat pump system combining air-to-air heating and cooling, hydraulic heating such as underfloor heating, and domestic hot water production. 
15th July 2026

Bookings open for IOR Dinner 2027

UK: Bookings are now open for the 127th The Institute of Refrigeration Annual Dinner, taking place on 25 February 2027 at the Hilton London Bankside.  The evening’s programme of awards will,…
14th July 2026

Mitsubishi Electric buys Dutch contracting groups APAC and COMPAC

ITALY/NETHERLANDS: Mitsubishi Electric Hydronics & IT Cooling Systems (MEHITS) has acquired all shares of the Utrecht-based HVAC sales, installation and maintenance company APAC Group and its sister company COMPAC.
14th July 2026

Japanese fridge firms face cartel allegations

JAPAN: The Japanese Fair Trade Commission (FTC) is reported to have raided the offices of three refrigeration companies over suspected bid-rigging and cartel practices.
14th July 2026

Mahan is president of Modine’s new HVAC segment

USA: Modine has appointed Michael Mahan as president of its newly-formed commercial HVAC (CHVAC) business segment.