UTC combines Carrier and Otis businesses
USA: United Technologies has combined its Climate, Controls & Security division, which includes its Carrier heating and air conditioning company, with its Otis elevator business.
UTC Building & Industrial Systems will also include fire and security brands Kidde and Chubb is headed by Geraud Darnis as president and ceo.
It is claimed that the new division will be the world’s largest high-technology building systems provider with more than 120,000 employees, $29bn in annual sales and a direct presence in more than 60 countries.
Louis Chenevert, United Technologies’ chairman and ceo, said that the move positions UTC for long-term growth in the commercial building market.
“This new structure will enhance our ability to deliver more integrated solutions to our customers and accelerate the next steps of innovation in smart building technologies and sustainable designs,” he added. He also said it would put UTC in a better position to capitalise on the opportunities in developing countries.
Geraud Darnis, 53, began his career at Otis Elevator Company in France in 1983, moving to Carrier two years later where he held a number of financial and general management positions in Latin America, Europe and Asia, up to and including the position of Carrier president. He became president and ceo of UTC Climate, Controls & Security in 2011.