Raytheon Technologies announces appointment of Christopher T. Calio as the company's chief operating officer and names Shane G. Eddy as president of Pratt & Whitney

Raytheon Technologies Corporation (NYSE: RTX) has appointed Christopher T. Calio as chief operating officer, effective March 1, 2022, succeeding Shane G. Eddy as president of Pratt & Whitney.

Rhea-AI Summary

Raytheon Technologies Corporation (NYSE: RTX) has appointed Christopher T. Calio as chief operating officer, effective March 1, 2022, succeeding Shane G. Eddy as president of Pratt & Whitney. Calio, with over 20 years of executive experience in aerospace, previously led Pratt & Whitney through significant enhancements, including the GTF Advantage™ engine. Eddy, now president, has extensive industry leadership experience and will focus on further optimizing Pratt & Whitney's operations. CEO Greg Hayes emphasized Calio's leadership as vital for the company's growth and transformation.

Positive

• Calio brings over 20 years of executive experience, which can enhance strategic growth initiatives.
• Shane Eddy's prior experience at GE Aviation and other firms may support continued optimization at Pratt & Whitney.

Negative

• None.

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WALTHAM, Mass., Feb. 14, 2022 /PRNewswire/ -- Raytheon Technologies Corporation (NYSE: RTX) today announced the appointment of Christopher T. Calio as chief operating officer and named Shane G. Eddy to succeed Calio as president of its Pratt & Whitney business unit, effective March 1, 2022.

As chief operating officer, Calio will oversee the company's four business units as well as its technology and engineering; enterprise services and digital; and operations, quality, environmental, health and safety and supply chain functions. Calio will continue to report directly to Chairman and CEO Greg Hayes.

"Chris is a tested leader who has successfully steered Pratt & Whitney through one of the most dynamic and challenging periods in aerospace history," said Raytheon Technologies Chairman and CEO Greg Hayes. "He has guided strategic investments and delivered industry-leading innovation across commercial and military programs. As we execute on our strategy, including our commitment to develop talent across the organization, Chris' experience and leadership will help advance the company's growth and transformation initiatives."

With over 20 years of executive leadership experience, Calio has spent the past decade in aerospace and defense. In his most recent position as president of Pratt & Whitney, he oversaw the significant ramp and introduction of numerous product enhancements, including the recent introduction of the GTF Advantage™ engine as well as the F135 program.

Shane Eddy, currently senior vice president and chief operations officer at Pratt & Whitney, replaces Calio as president of Pratt & Whitney.

"Shane's significant aerospace industry leadership experience and in-depth understanding of Pratt & Whitney's products and culture makes him the ideal leader to take the business through its next phase of growth," said Hayes. "Building on his proficiency running global operations, Shane's management and operational expertise will help drive continued optimization of the business."

Eddy joined Pratt & Whitney in 2016, with prior experience at GE Aviation, Sikorsky Aircraft Corporation and Bell Textron. 

About Raytheon Technologies
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses ― Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.

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SOURCE Raytheon Technologies

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who has been appointed as the new COO of Raytheon Technologies?

Christopher T. Calio has been appointed as the chief operating officer of Raytheon Technologies, effective March 1, 2022.

What is Christopher T. Calio's experience before his appointment as COO?

Calio has over 20 years of executive leadership experience, with significant roles in aerospace, including his previous position as president of Pratt & Whitney.

Who will succeed Christopher T. Calio as president of Pratt & Whitney?

Shane G. Eddy, currently the senior vice president and COO at Pratt & Whitney, will succeed Calio as president.

What did CEO Greg Hayes say about Christopher T. Calio's leadership?

CEO Greg Hayes noted that Calio's leadership has been crucial in guiding Pratt & Whitney through challenging times and is vital for the company's growth and transformation.