8-KItem 5.02 · Officer/Director ChangeItem 7.01 · Reg FD DisclosureItem 9.01 · Financial Statements
Otis CEO Judy Marks to retire in 2027 as company begins successor search
Filed with the SEC on · Summarized by InvestorsBot
Otis said on September 15, 2026, that Chair, CEO and President Judy Marks plans to retire when her successor is appointed, expected in the first half of 2027; she will remain in her roles through July 31, 2027, or serve as a senior adviser until then if replaced sooner. The board, with Spencer Stuart’s assistance and oversight from independent directors, is considering internal and external candidates; during Marks’ tenure, Otis said it expanded its service portfolio to about 2.5 million units and returned $8.4 billion to shareholders.