LONGUEUIL, Quebec,
April 9 /PRNewswire-FirstCall/ -- United Technologies
Corp. (NYSE: UTX) Board of Directors today elected
Louis R. Chenevert the
corporation's Chief Executive Officer, succeeding
George David, 66, who will
continue as Chairman. Chenevert, 50, will retain the title of UTC President
and continue as a director.
"This transition has been a deliberate and successful process during which
Louis has demonstrated his ability successfully to lead this large and complex
organization. We all have the highest confidence in him," said David.
Chenevert was elected UTC's President and Chief Operating Officer in March
2006. He joined Pratt & Whitney Canada, a UTC subsidiary, in 1993 after 14
years at General Motors and was elected Pratt & Whitney's President in 1999.
"I am honored by the trust the Board has placed in me and feel privileged
to have the opportunity to follow George David, a truly outstanding leader and
CEO," Chenevert said. "Under George's leadership, UTC has delivered
extraordinary performance and is well positioned for the future."
"I have great confidence in UTC's ability to continue to deliver superior
performance. We have an experienced leadership team, a balanced portfolio of
products, and a strong global footprint, the essential elements of success,"
Chenevert added.
United Technologies, based in Hartford, Conn., is a diversified company
providing high technology products and services to the global aerospace and
building industries. UTC's products include Pratt & Whitney aircraft engines,
Sikorsky helicopters, Carrier heating and air conditioning, Hamilton
Sundstrand aerospace systems and industrial products, Otis elevators and
escalators, UTC Fire & Security systems and UTC Power fuel cells.
UTC-IR
Contact: John Moran, UTC
(860) 728-7062