Otis CEO Judy Marks to retire in 2027; board launches CEO search

Otis Worldwide Corp

Judy Marks to retire as Chair, CEO, President; transition expected H1 2027 or by July 31, 2027.
Transition agreement dated Sept 13, 2026; she'll serve as senior advisor through July 31, 2027 if successor earlier.
CEO search led by Christopher J. Kearney; Spencer Stuart retained; internal and external candidates considered.
Under Marks, service portfolio grew ~25% to ~2.5M units; returned $8.4B to shareholders ($3.4B dividends, $5B buybacks).
Marks will assist in succession search and continue in current roles until transition date.

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