FARMINGTON, Conn., Feb. 7, 2020 /PRNewswire/ -- United
Technologies Corp. (NYSE: UTX) today announced that Kelly Ortberg has been named special advisor to
the Office of the CEO to help support the office as it prepares to
lead the future Raytheon Technologies. Ortberg, who has been
serving as CEO of Collins Aerospace Systems since its formation in
2018, will be succeeded by Stephen
Timm, who has been serving as president of the company's
Avionics business unit. The appointments are effective immediately.
United Technologies and Raytheon expect the merger to be completed
early in the second quarter of 2020.
In his new role, Ortberg will draw on his extensive aerospace
knowledge, multiple merger and acquisition experiences, and strong
industry relationships to help the new company's leadership team
build out its capabilities and identify future areas of growth.
"Kelly's outstanding work in integrating Rockwell Collins and
UTC Aerospace Systems into Collins Aerospace, which he then led and
achieved better than anticipated cost and revenue synergies, while
creating new offerings that leverage the advantages of both
organizations, is a testament to his leadership skills," said UTC
Chairman & CEO Greg Hayes. "The
knowledge and insights he will bring to this role, will help us to
successfully navigate the next steps in our journey as Raytheon
Technologies, and undoubtedly set us up for a tremendous
future."
Timm will serve as president of Collins Aerospace, a leader in
aerospace and defense markets, with $26
billion in net sales and 70,000 employees around the
world.
"Steve's reputation as a respected leader, combined with his
relentless focus on the customer will help ensure a smooth
transition, and play a critical role in the future success of
Collins Aerospace," said Hayes.
Timm brings nearly 25 years of experience in the aerospace and
defense industry, serving in leadership roles of increasing
responsibility across the former Rockwell Collins and now Collins
Aerospace. During his tenure in the avionics organization he helped
to secure and build on key avionics wins. He also established the
foundation for what is now the information management services
portfolio and deployed the initial application of the Life Cycle
Value Stream business framework, which continues to guide how
Collins Aerospace serves customers today.
About Collins Aerospace
Collins Aerospace Systems, a unit of United Technologies Corp.
(NYSE: UTX), is a leader in technologically advanced and
intelligent solutions for the global aerospace and defense
industry. Created in 2018 by bringing together UTC Aerospace
Systems and Rockwell Collins, Collins Aerospace has the
capabilities, comprehensive portfolio and expertise to solve
customers' toughest challenges and to meet the demands of a rapidly
evolving global market. For more information, visit
CollinsAerospace.com.
About United Technologies
United Technologies Corp., based in Farmington, Connecticut, provides high
technology products and services to the building and aerospace
industries. By combining a passion for science with precision
engineering, the company is creating smart, sustainable solutions
the world needs. To learn more about UTC, visit the website or
follow the company on Twitter: @UTC
Media Inquiries:
(860) 493-4364
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SOURCE United Technologies Corp.