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United Technologies CEO retires, succeeded by CFO

Nov 24, 2014 - Associated Press Online
Board and Executive Moves

HARTFORD, Conn. (AP) - Aerospace and building systems giant United Technologies announced Monday the abrupt retirement of CEO Louis Chenevert, and named Chief Financial Officer Greg Hayes to succeed him.

Chenevert, 56, is also stepping down as chairman. He had been appointed to both jobs in 2008.

He steered United Technologies' $18.4 billion purchase of aerospace parts maker Goodrich Corp. in 2012. It was the industry's largest deal and boosted the company's presence in the profitabl...