United Technologies Hires Judy Marks to Lead Otis Elevator Manufacturing Division
09 Octubre 2017 - 2:27PM
Noticias Dow Jones
By Allison Prang
United Technologies Corp. has hired the chief executive of
Siemens AG's U.S. unit to lead its Otis elevator and escalator
manufacturing business.
Siemens USA CEO Judy Marks will replace Philippe Delpech as
president of the struggling subsidiary, and report to United
Technologies's CEO Greg Hayes. Mr. Delpech left in July "to accept
another opportunity in Europe, " the company said earlier this
year.
Mr. Hayes called Ms. Marks "an innovator and accomplished leader
global leader with a proven record of driving strategic
growth."
In addition to Siemens's U.S. operations, Ms. Marks also leads
Dresser-Rand, a Houston-based supplier for the oil, gas and power
business that Siemens closed a deal to buy in 2015.
United Technologies reached a deal in September to buy Rockwell
Collins Inc. for $23 billion.
However, that move could trigger additional portfolio changes
and people familiar with the company's plans told The Journal it is
reviewing whether to break up some of its units.
Ms. Marks, who joined Siemens after serving as president of two
operating entities for more than eight years, also serves on the
board of manufacturing company Hubbell Inc.
Shares in United Technologies fluctuated between gains and
losses in Monday trading, and recently were up 0.11% to
$118.36.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 09, 2017 15:12 ET (19:12 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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