---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-036566"
form_type: "8-K"
ticker: "OTIS"
cik: "0001781335"
company_name: "Otis Worldwide Corp"
filed_at: "2026-09-15T12:16:26+00:00"
generated_at: "2026-09-15T12:20:19.620307+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-26-036566
- form_type: 8-K
- ticker: OTIS
- cik: 0001781335
- company_name: Otis Worldwide Corp
- filed_at: 2026-09-15T12:16:26+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781335/000114036126036566/0001140361-26-036566-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781335/000114036126036566/ef20081992_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-036566
- JSON: https://secwatch.observer/filing/0001140361-26-036566.json
- Plain text: https://secwatch.observer/filing/0001140361-26-036566.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.