Otis Worldwide Corporation (OTIS)

92.20 -0.82 (-0.88%) At close: 04:00PM EDT

Otis Worldwide Corporation

One Carrier Place
Farmington, CT 06032
United States
860 674 3000
https://www.otis.com

Sector(s): Industrials
Industry: Specialty Industrial Machinery
Full-time employees: 71,000

Key executives

Name	Title	Pay	Exercised	Year born
Ms. Judith F. Marks	Chair, President & CEO	4.25M	N/A	1964
Mr. Anurag Maheshwari	Executive VP & CFO	1.98M	N/A	1974
Mr. Peiming Zheng	Executive VP & Chief Product, Delivery and Customer Officer	3.27M	150.65k	1968
Ms. Tracy A. Embree	President of Otis Americas	800.08k	N/A	1974
Mr. Enrique Minarro Viseras	President of Otis Europe, Middle East & Africa	725.75k	N/A	1978
Mr. Todd Glance	Executive Vice President of Operations	N/A	N/A	N/A
Mr. Michael Patrick Ryan	Senior VP & Chief Accounting Officer	N/A	N/A	1971
Rina Leonard	VP & Global Chief Information Officer	N/A	N/A	N/A
Ms. Nora E. LaFreniere	Executive VP & Chief General Counsel	1.45M	171.55k	1971
Ms. Randi Tanguay	Senior VP & Chief Communications Officer	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.

Corporate governance

Otis Worldwide Corporation’s ISS governance QualityScore as of 1 April 2024 is 1. The pillar scores are Audit: 1; Board: 3; Shareholder rights: 1; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.