Otis Worldwide Promotes and Relocates CFO Cristina Méndez

Details

In her new role, she received an annual base salary of $770,000, a supplemental long-term incentive plan award with an aggregate target value of $2,390,000, and relocation benefits for her international assignment to the Company's headquarters in Farmington, Connecticut. Méndez is also subject to certain post-employment noncompetition and nonsolicitation covenants.

Items reported

Exhibits (2)

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.