UTC Separates Climate, Controls & Security Unit as Standalone Business

The realignment comes less than two years after UTC combined Otis Elevator with Carrier and its former Fire & Security division.

HARTFORD, Conn. – United Technologies Corp. (NYSE: UTX.N) announced this week it would operate its Otis Elevator and climate controls and security divisions as standalone units. The realignment comes less than two years after UTC combined Otis Elevator with Carrier and UTC’s former Fire & Security division into one business, Building & Industrial Systems (BIS).

Otis, which has lagged other UTC business units this year, will now stand alone and the rest of the units will be called Climate Controls & Security (CCS).

RELATED: Does UTC Plan to Acquire Nortek?

The company appointed Philippe Delpech president of Otis. He previously serviced as COO for the combined BIS division with responsibility for Asia, Europe, Middle East and Africa. Robert McDonough was named president of the CCS unit, which includes brands such as Chubb security systems and Carrier air conditioners. McDonough had been serving as COO of the Americas for BIS.

Delpech and McDonough will report directly to UTC President and CEO Gregory Hayes. In a press release, Hayes said the businesses needed to have better focus on their respective specialties in order to expand their markets in the developing world, where rising wealth means more people buying air conditioning and more tall buildings with elevators.

“By creating clear lines of authority and accountability, this new organizational structure better positions Otis and CCS to capitalize on these opportunities with our innovative, energy-efficient products,” Hayes said.

UTC BIS President and CEO Geraud Darnis, who announced his retirement in July, will continue with UTC through January 2016.

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

Tagged with: UTC UTC Business News

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.

A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!

Subscribe Today!

Get Our Newsletters