Published: June 3, 2019 8:38 a.m. ET
By CIARA LINNANE CORPORATE NEWS EDITOR
United Technologies Corp. UTX, -1.64% on Monday named the chief executives for the future independent Carrier heating and cooling business and Otis, its elevator business. The company said David Gitlin will become president and CEO of Carrier, from his role as chief operating officer of Collins Aerospace. Gitlin is a former president of UTC Aerospace Systems and led the integration of Goodrich Corp. with UTC. The company said Judith Marks, who is currently president of Otis, will become its CEO. Marks joined UTX from Siemens in 2018 and served as CEO of Siemens USA and Dresser Rand, a Siemens unit. United Tech shares were not active premarket, but have gained about 19% in 2019 to date, while the S&P 500 SPX, -1.32% has gained 10%.