United Technologies Corp. on Thursday announced a new organizational structure intended to better serve customers by operating Otis Elevator and UTC Climate, Controls & Security as stand-alone businesses. According to a statement, Robert J. McDonough will become president of CCS, which includes such brands as Kidde, Chubb and Edwards.
"As the world's largest supplier of commercial building systems, UTC has tremendous growth opportunities driven by global urbanization and an expanding middle class," said UTC President and Chief Executive Officer Gregory Hayes. "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. As we refocus on the growth platforms of our business, this further evolution of our commercial organization will sharpen our focus on the distinct needs of Otis, CCS and our iconic brands, while retaining the revenue and cost synergies achieved through UTC Building & Industrial Systems."
McDonough, who has been serving as chief operating officer, Americas, for BIS, joined UTC in 2007 after 15 years with Lennox International, where he was president and COO of Worldwide Heating & Cooling as well as executive vice president of Lennox International.
UTC BIS President and CEO Geraud Darnis, who in July announced his intention to retire, will continue with UTC through January 2016 to ensure a smooth transition of responsibilities with a key focus on continuing the successful delivery of integrated building systems to customers globally and particularly in emerging markets.
The UTC Building & Industrial Systems organization will transition over the rest of the year as UTC institutes ways to preserve the cost and revenue synergies achieved by BIS.
