Carrier Global Corporation
Carrier Global Announces President Fire & Security Departure
Summary
On June 18, 2024, Carrier Global Corporation announced that Jurgen Timperman, President of Fire & Security, will step down effective July 1, 2024. Timperman will receive severance benefits including the vesting of RSUs, equity grants, a prorated 2024 bonus, a retention bonus, and transition benefits. He will also be bound by post-termination restrictive covenants.
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About Carrier Global Corporation
Carrier Global Corporation is a leading provider of heating, ventilating, and air conditioning (HVAC), refrigeration, and fire and security solutions on a global scale. Its primary function revolves around creating a comfortable, safe, and sustainable environment by delivering high-technology HVAC and refrigeration solutions. Originating from the historic invention of the modern air conditioner in 1902, Carrier has continued to be at the forefront of HVAC innovation. The company’s offerings are vital across various sectors, impacting residential, commercial, industrial, and transportation markets by ensuring energy-efficient, reliable climate control systems. Carrier Global Corporation also emphasizes smart and hands-off security solutions, offering products that integrate advanced technologies to protect businesses and homes. In the financial market, Carrier holds a significant position as a part of the S&P 500 index, denoting its substantial market capitalization and influence. Through its continuous commitment to innovation and sustainability, Carrier Global Corporation remains a pivotal entity in addressing global environmental challenges and energy efficiency needs.
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