Changes Expected To Improve Competitive Position And Long-Term Growth Opportunities

Following its recent acquisition of Goodrich, United Technologies has announced a new organizational structure that groups some of the company's businesses into new aerospace and commercial organizations. Company management says this new structure will allow United Technologies to better serve customers through greater integration across product lines and to drive growth by taking full advantage of technology investments and the company's global footprint.

Effective immediately, Alain Bellemare is appointed President and Chief Operating Officer of UTC Propulsion and Aerospace Systems. He will have operating responsibility for Pratt & Whitney and Hamilton Sundstrand with the presidents of both units reporting directly to him. Michael Dumais is appointed, effective immediately, President of Hamilton Sundstrand, where he has held a number of senior executive roles, including Vice President & General Manager, Customer Service, and, most recently, Vice President of Operations.

"Alain is particularly well qualified for this new role given his track record of outstanding operating performance and his demonstrated leadership capabilities," Chenevert said.  "His strong program management experience, coupled with his understanding of global competition and outstanding customer relationships, will serve him well as he leads this exciting new UTC aerospace sector and positions the company to take full advantage of recent platform wins at Pratt & Whitney and Hamilton Sundstrand."

At the same time, Geraud Darnis is appointed President and Chief Executive Officer of UTC Climate, Controls and Security Systems, which is comprised of the combined Carrier Corp. and UTC Fire & Security units.  For the balance of 2011, Carrier and UTC Fire & Security will continue to report financial and operational results separately.

FMI: www.utc.com