United Technologies Corp. (UTC) announced two major milestones in the closing weeks of November. First, the company completed its acquisition of Rockwell Collins, officially forming Collins Aerospace. Second, the company rolled out its plans to separate its businesses into three different companies. Carrier — formerly called UTC Climate, Controls & Security (CCS) — will become its own company, with Robert McDonough remaining as president. Otis — maker and maintainer of elevators, escalators, and moving walkways — will also become its own company, with Judith Marks as president. Newly acquired Collins Aerospace, combined with Pratt & Whitney, comprise the aerospace business that will remain under the UTC umbrella. Kelly Ortberg will continue his role as CEO of Collins Aerospace and Robert Leduc, president of Pratt & Whitney.
In a statement from Kris Nielsen, associate director, branding and communications, residential HVAC, Carrier, he expressed that this was the beginning of an exciting journey, as splitting into independent entities puts the company in a good position to increase value for customers, employees, and shareholders.