UTC Makes Executive Appointments May 13, 2008

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United Technologies Corp. parent company of Carrier Corp., appointed Ari Bousbib president of its commercial companies, and UTC executive vice president. He will report to UTC president and CEO Louis R. Chenevert. Succeeding Bousbib as Otis president is Didier Michaud. Both appointments are effective immediately.

In his new position Bousbib will have operating responsibility for the corporation’s commercial businesses, which include Otis, Carrier, UTC Fire & Security, and UTC Power. The commercial business unit presidents will report to Bousbib.

Michaud joined Otis in June 1981 and he has held key leadership positions in the company’s European operations. In July 2004 he was named president of Otis’ U.K. and Central Europe operations.

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