By Colin Kellaher

 

Otis Elevator Co. on Monday said it named Rahul Ghai as chief financial officer ahead of its planned separation from United Technologies Corp. (UTX).

The Farmington, Conn., maker of elevators and escalators said Mr. Ghai most recently served as senior vice president and chief financial officer of Harris Corp., which earlier this year completed its merger with L3 Technologies to form L3 Harris Technologies Inc. (LHX).

Industrial congolmerate United Technologies last year said it would split into three independent companies by spinning off Otis and its Carrier Global Corp. building-systems business, leaving UTC as a pure-play aerospace company.

Otis said it remains on track to separate from United Technologies in the first half of 2020.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

September 16, 2019 07:30 ET (11:30 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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