Carrier Global Corporation Appoints Neil Barua to its Board of Directors

Rhea-AI Summary

Carrier Global (NYSE: CARR) announced that Neil Barua, President and Chief Executive Officer of PTC, has been elected to Carrier’s Board of Directors, effective immediately. He will serve on the Board’s Technology and Innovation Committee and its Compensation Committee.

According to Carrier, Barua brings experience leading large industrial and technology-focused enterprises and applying AI to digital transformation. His background includes CEO roles at PTC, ServiceMax and IPC Systems, an operating partner position at Silver Lake, and a B.S. in Finance & Economics from NYU Stern.

Positive

• Neil Barua elected to Carrier board, effective immediately July 24, 2026
• New director to serve on Technology & Innovation and Compensation committees
• Appointee is current President & CEO of PTC with prior industrial tech leadership

Negative

• None.

News Market Reaction – CARR

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In the Jul 27 session, CARR gained 0.65%, reflecting a mild positive market reaction.

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PALM BEACH GARDENS, Fla., July 24, 2026 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced the election of Neil Barua, President and Chief Executive Officer of PTC Inc., to its Board of Directors, effective immediately. He will serve on the Board's Technology and Innovation and Compensation Committees.

"Neil brings to Carrier a track record of successfully leading scale enterprises while applying AI to drive digital transformations across industrial companies," said David Gitlin, Chairman & CEO, Carrier. "His experience will strengthen our Board as we continue advancing intelligent climate and energy solutions and delivering greater value for our customers. We are excited to welcome Neil to our Board."

Mr. Barua has been President and Chief Executive Officer of PTC Inc. since 2024. Previously, he led PTC's Service Lifecycle Management business following the company's acquisition of ServiceMax in 2023. Before joining PTC, he was Chief Executive Officer of ServiceMax from 2019 to 2023 and Chief Executive Officer of IPC Systems from 2014 to 2018. He also was an Operating Partner at Silver Lake from 2018 to 2019. Mr. Barua holds a B.S. in Finance & Economics from the NYU Stern School of Business.

About Carrier
Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating innovations that bring comfort, safety and sustainability to life. Through cutting-edge advancements in climate solutions such as temperature control, air quality and transportation, we improve lives, empower critical industries and ensure the safe transport of food, life-saving medicines and more. Since inventing modern air conditioning in 1902, we lead with purpose: enhancing the lives we live and the world we share. We continue to lead because of our world-class, inclusive workforce that puts the customer at the center of everything we do. For more information, visit carrier.com or follow Carrier on social media at @Carrier.

Carrier. For the World We Share.

CARR-IR

Contact:	Media Inquiries
	Rob Six
	561-281-2362
	Robert.Six@Carrier.com
	Investor Relations
	Michael Rednor
	561-365-2020
	InvestorRelations@Carrier.com

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SOURCE Carrier Global Corporation

FAQ

What did Carrier Global (CARR) announce about its board of directors on July 24, 2026?

Carrier Global announced the election of Neil Barua to its Board of Directors, effective immediately. According to Carrier, he will serve on the Technology and Innovation Committee and the Compensation Committee, supporting the company’s focus on intelligent climate and energy solutions.

Who is Neil Barua, the new Carrier Global (CARR) board member?

Neil Barua is the President and Chief Executive Officer of PTC. According to Carrier, his background includes CEO roles at ServiceMax and IPC Systems and an Operating Partner role at Silver Lake, along with a finance and economics degree from NYU Stern.

Which Carrier Global (CARR) board committees will Neil Barua serve on?

Neil Barua will serve on Carrier Global’s Technology and Innovation Committee and its Compensation Committee. According to Carrier, his experience in AI-driven digital transformation and industrial technology is expected to support the company’s intelligent climate and energy solutions strategy and governance.

When is Neil Barua’s appointment to the Carrier Global (CARR) board effective?

Neil Barua’s appointment to Carrier Global’s Board of Directors is effective immediately as of July 24, 2026. According to Carrier, he joins the board while serving as President and Chief Executive Officer of PTC, bringing industrial technology and AI experience.

Why did Carrier Global (CARR) add Neil Barua to its board?

Carrier Global added Neil Barua to its board for his experience leading scale enterprises and applying AI to digital transformation. According to Carrier, his background supports the company’s strategy in intelligent climate and energy solutions and its focus on customer value creation.