Otis Worldwide Corporation announced that Judy Marks will retire as Chair, CEO, and President in 2027, with her successor expected to be appointed in the first half of the year. Marks has led Otis through significant growth, including its 2020 separation from United Technologies and expansion of its service business, delivering strong shareholder returns. She will remain in her role until July 31, 2027, and may serve as a senior advisor to ensure a smooth transition. The board has started a comprehensive search for the next CEO, considering both internal and external candidates to continue Otis' growth and operational excellence.
Otis Worldwide Corporation currently has a market cap of $26.72 billion and offers a dividend yield of 2.51%, indicating steady income potential for shareholders. As of September 15, 2026, 19:17 WIB, the stock price on Pluang is USD 69.20, down 1.40% for the day. This market context highlights investor response as the company prepares for a leadership transition planned for 2027.
