Otis Worldwide Appoints New Chief Operating Officer

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Viseras, who has been with the company since October 2023, was previously serving as President of Otis EMEA and Latin America. His new role will see his base salary increase to $820,000, with an annual short-term incentive target set at 120% of his base salary, and an annual equity award target of $3,500,000.

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About Otis Worldwide Corp.

Otis Worldwide Corp. is a leading manufacturer and service provider in the vertical transportation industry, specializing in elevators, escalators, and moving walkways. Founded in 1853, the company has played a pivotal role in enhancing urban mobility across residential, commercial, and industrial buildings globally. Otis stands out for its advanced engineering solutions and commitment to safety and sustainability, delivering reliable and efficient transportation systems that cater to the modern needs of skyscrapers and high-capacity structures. With a focus on innovation, Otis continues to develop smart and connected products that improve building efficiency and user experience, such as the Otis ONE IoT platform for predictive maintenance. Operating in over 200 countries, Otis is a critical player in the infrastructure sector, contributing to the functionality and modernization of urban environments. As a result, it holds significant importance within the engineering and construction industries, influencing trends and standards in building design and operational excellence.