Otis Worldwde Stock Price, News & Analysis

Otis Worldwide (NYSE: OTIS) has appointed Cristina Méndez as Executive Vice President & Chief Financial Officer, effective August 23, 2024. Méndez, currently Senior VP of Finance EMEA & Transformation, will succeed Anurag Maheshwari, who is leaving Otis. She brings extensive experience in financial management and transformation, having previously held senior roles at Telefonica Group.

CEO Judy Marks praised Méndez's expertise and understanding of Otis' strategy. The company, a global leader in elevator and escalator services, moves 2.3 billion people daily and maintains about 2.3 million customer units worldwide. Otis plans to release its Q2 earnings on July 24, with both Maheshwari and Méndez joining Marks on the call.

FARMINGTON, Conn., July 10, 2024 – Otis Worldwide (NYSE: OTIS) announces a conference call on July 24, 2024, at 8:30 a.m. ET to discuss second quarter results and the 2024 outlook. CEO Judy Marks and CFO Anurag Maheshwari will lead the call. A webcast, presentation, and news release will be available on Otis's website before the call, with a recording accessible later. For alternative dial-in information, contact Otis investor relations. Otis, a leader in elevator and escalator manufacturing, moves 2.3 billion people daily and maintains 2.3 million units globally.

Otis Worldwide (NYSE: OTIS) has published its 2023 ESG Report, detailing its Environmental, Social, and Governance (ESG) strategy and progress on 13 ESG goals. The strategy emphasizes Health & Safety, Environment & Impact, People & Communities, and Governance & Accountability. Key achievements include hosting over 200,000 safety education engagements, reducing scope 1 and 2 emissions by 12%, and serving more than 2,400 students through STEM initiatives. CEO Judy Marks highlighted the importance of ESG pillars in driving business growth and integrity. The report underscores Otis's commitment to sustainability and ethical business practices.

Otis Worldwide (NYSE: OTIS), a leader in elevator and escalator manufacturing and service, has been honored as a 'Noteworthy Company' by Fair360 for the fourth year in a row. This recognition, which began in 2021, highlights Otis' commitment to an inclusive and equitable workplace culture. The designation is based on survey responses from U.S. employers with at least 750 employees and evaluates Leadership Accountability, Human Capital Diversity Metrics, Talent Programs, Workforce Practices, Supplier Diversity, and Philanthropy. Alecia Smith, Otis Senior Director of Diversity, Equity & Inclusion, emphasized the importance of diverse voices in driving innovation and achieving business goals. This recognition coincides with Otis' 'We Are Many Voices Week,' celebrating global employee contributions. For more details on Otis' inclusive initiatives and awards, visit their website.

Four student teams from around the world are regional winners in Otis' Made to Move Communities student challenge where students developed innovative mobility solutions to expand access to green space in urban communities. Otis is the world's leading elevator and escalator manufacturing, installation, and service company. The global student challenge for 2023-24 included more than 240 students across 15 countries and territories. Winning teams proposed solutions such as a comprehensive redevelopment plan, a smart, green elevator, a smart cane for the visually impaired, and a wearable detector for navigating green spaces. Otis aims to support students in addressing mobility challenges and improving urban communities.

Four student teams from around the world are regional winners in Otis' Made to Move Communities student challenge, developing innovative mobility solutions for urban green spaces. Otis is the leading elevator and escalator company, sponsoring the challenge to enhance residents' wellbeing. Winning teams created reforestation plans, smart elevators, sensory feedback canes, and obstacle detectors for green space accessibility. Otis engages in ESG goals, impacting students globally through STEM training and volunteerism.

Otis Worldwide awarded scholarships to 160 female students at top Chinese universities in partnership with the CSCLF, a non-governmental organization. These students excel in STEM fields, inspiring diversity and innovation. Otis aims to support STEM education and talent development through scholarships and educational initiatives, aligning with their ESG goals.

Otis India, a subsidiary of Otis Worldwide (NYSE:OTIS), has launched a volunteer tree planting initiative in major cities across India. Colleagues have already planted 2,000 trees in Bengaluru and Kolkata, with plans for more in Mumbai and New Delhi. The effort aims to preserve biodiversity and support vibrant communities, in line with the company's global sustainability goals.