Otis Worldwide Corporation reports developments in its global elevator and escalator business, including manufacturing, installation, service and modernization activity. Company updates commonly cover service growth, repair and modernization demand, new equipment orders, backlog trends, cash flow, share repurchases and dividend actions.
News from Otis also includes product and technology initiatives such as the Otis Robust heavy-duty elevator range for data centers and mission-critical infrastructure, service-technology investments, executive conference participation and corporate responsibility programs tied to mobility, STEM and emerging technologies.
Otis Worldwide Corporation (NYSE: OTIS) will hold a conference call on July 28, 2020, at 10:00 a.m. EDT to discuss its second quarter results and financial outlook. President & CEO Judy Marks and CFO Rahul Ghai will lead the call. Interested participants can listen via webcast on www.otis.com or by phone at +1-877-735-3703. A presentation and news release will be available prior to the call, and a recording will be accessible later on the website. With a strong global presence, Otis maintains over 2 million customer units and moves approximately 2 billion people daily.
Otis Worldwide Corporation (NYSE: OTIS) has appointed Jim Cramer as the new President of Otis Americas, effective immediately. Cramer, who has a 34-year tenure with Otis, was previously the interim president since February, stepping in after Tom Vining left the company. Under his leadership, Otis aims to enhance operational excellence, safety, and quality across its Americas operations, which currently employ around 15,000 staff across 14 countries.
This strategic move aligns with Otis's commitment to solidify its market leadership in the elevator and escalator industry.