Otis CFO Anurag Maheshwari resigns; Cristina Méndez appointed as successor effective Aug 23, 2024

Otis Worldwide Corp

Anurag Maheshwari resigns as EVP & CFO effective Aug 23, 2024 to pursue external opportunity; no dispute with company.
Board appoints Cristina Méndez as EVP & CFO effective same date; she currently is SVP Finance EMEA & Transformation.
Méndez receives base salary increase to $770,000, STI target 100% of base, and supplemental LTI award of $2,390,000.
Méndez to relocate to US on expatriate assignment with customary benefits; current employment agreement to be amended.
Otis plans to release Q2 earnings on July 24; both Maheshwari and Méndez will join the earnings call.

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

Anurag Maheshwari

Executive Vice President and Chief Financial Officer

OTIS · Otis Worldwide Corp

Effective: 2024-08-23
Successor: Cristina Méndez
Filed: July 19, 2024, 7:59 PM ET

Anurag Maheshwari, 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 23, 2024, to pursue external opportunities.

Appointed

Cristina Méndez

Executive Vice President and Chief Financial Officer

OTIS · Otis Worldwide Corp

Effective: 2024-08-23
Filed: July 19, 2024, 7:59 PM ET

The Board of Directors has appointed Cristina Méndez as the Company’s Executive Vice President and Chief Financial Officer, effective August 23, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Anurag Maheshwari 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

Anurag Maheshwari, 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 23, 2024, to pursue external opportunities.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Cristina Méndez 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 Cristina Méndez as the Company’s Executive Vice President and Chief Financial Officer, effective August 23, 2024.

View on SEC.gov

Otis Worldwide Corp filing history →

Source: SEC EDGAR

accession 0001140361-24-033538

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