Otis appoints Anurag Maheshwari as CFO effective Aug 12, succeeding Rahul Ghai who resigned

Otis Worldwide Corp

Rahul Ghai resigns as EVP & CFO effective Aug 12, 2022 to join another company; no dispute with Otis.
Anurag Maheshwari appointed EVP & CFO effective Aug 12; previously VP Finance, IT & Chief Transformation Officer for Otis Asia Pacific.
Maheshwari base salary $725,000, STI target 100% of base, 2023 LTIP target at least $2.5 million.
Ghai will assist transition; both Maheshwari and Ghai to join Q2 earnings call in late July.
No family relationships or reportable transactions between Maheshwari and Otis directors or officers.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Rahul Ghai

Executive Vice President and Chief Financial Officer

OTIS · Otis Worldwide Corp

Effective: 2022-08-12
Successor: Anurag Maheshwari
Filed: June 27, 2022, 7:59 PM ET

Rahul Ghai, Executive Vice President and Chief Financial Officer, has provided Otis Worldwide Corporation (the “Company”) with notice that he will be resigning his position with the Company, effective August 12, 2022, to join another company.

Appointed

Anurag Maheshwari

Executive Vice President and Chief Financial Officer

OTIS · Otis Worldwide Corp

Effective: 2022-08-12
Filed: June 27, 2022, 7:59 PM ET

The Board of Directors has appointed Anurag Maheshwari as its Executive Vice President and Chief Financial Officer, effective August 12, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Rahul Ghai resigned as Executive Vice President and Chief Financial Officer at Otis Worldwide Corp.

Action: resigned
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Rahul Ghai, Executive Vice President and Chief Financial Officer, has provided Otis Worldwide Corporation (the “Company”) with notice that he will be resigning his position with the Company, effective August 12, 2022, to join another company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Anurag Maheshwari was appointed as Executive Vice President and Chief Financial Officer at Otis Worldwide Corp.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

The Board of Directors has appointed Anurag Maheshwari as its Executive Vice President and Chief Financial Officer, effective August 12, 2022.

View on SEC.gov

Otis Worldwide Corp filing history →

Source: SEC EDGAR

accession 0001140361-22-024055

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