OTIS · 8-K · 20260915PR036566

Leadership Transition

Otis Worldwide Corp · 2026-09-15 · Importance 25 · Surprise 42

Judy Marks will retire as Chair, Chief Executive Officer and President when her successor is appointed, expected in the first half of 2027. The Board has initiated a comprehensive search with Spencer Stuart, considering internal and external candidates under the oversight of a committee of independent directors. Marks will remain in her current role through July 31, 2027, or serve as a senior advisor through that date if a successor is appointed sooner, to facilitate the transition.

Key facts

• Judy Marks will retire as Otis Worldwide Corp’s Chair, CEO, and President upon appointment of her successor, expected in the first half of 2027. source
• Judy Marks will continue in her current capacity through July 31, 2027, or serve as a senior advisor through that date if her successor is appointed sooner. source
• Otis Worldwide Corp’s Board of Directors initiated a comprehensive CEO search with Spencer Stuart, considering internal and external candidates, overseen by a committee of independent directors. source
• Judy Marks joined Otis Worldwide Corp nearly nine years ago. source