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Otis CEO Judy Marks to retire by next summer

Otis Worldwide announced that CEO Judy Marks will retire by July 2027. A board committee is currently searching for both internal and external successors.

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Otis Chair and CEO Judy Marks speaks at the Invest in China Summit 2024, in Beijing, China March 26, 2024. REUTERS/Tingshu Wang

OTIS WORLDWIDE CORP CEO Judy Marks will retire by July 31, 2027, concluding a seven-year tenure leading the elevator maker. The departure follows the company's 2020 spin-off from United Technologies into an independent entity. Shares fell 1.4% in early trading following Tuesday's announcement.
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