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4-Traders Homepage  >  Equities  >  Nyse  >  United Technologies Corporation    UTX

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United Technologies Corporation : UTC Names Mick Maurer as President, Sikorsky Aircraft; Jeffrey P. Pino to Retire

05/07/2012 | 05:05pm US/Eastern

HARTFORD, Conn., May 7, 2012 /PRNewswire/ -- United Technologies Corp. (NYSE: UTX) today announced the appointment of Mick Maurer as President of its Sikorsky Aircraft Corp. subsidiary, effective July 1. Maurer will report to UTC Chairman & Chief Executive Louis Chenevert, succeeding Jeffrey P. Pino, who will retire July 1. To ensure a seamless succession, Pino and Maurer will collaborate closely during the next two months, after which Pino will serve as a consultant to Sikorsky.

Maurer joined UTC in 1989 at the corporation's Otis Elevator Co. unit, where he worked in positions of increasing responsibility until 2000, when he joined Sikorsky as Vice President, Enterprise Planning & Development. Most recently, Maurer served as President of the Sikorsky Military Systems unit, responsible for U.S. and International Military program and product line management, customer relationships and military aircraft delivery. He is a graduate of the U.S. Naval Academy and holds a master's degree in engineering from Johns Hopkins University and a Master of Business Administration degree from Stanford University.

"I am confident that under Mick's leadership, Sikorsky will continue to deliver unmatched value to customers and UTC shareholders," Chenevert said. "Mick is exceptionally well qualified to lead Sikorsky, given his demonstrated leadership capabilities, strong customer relationships and deep industry knowledge."

Pino is completing a career in aerospace that spans nearly four decades. He is a retired Master Army Aviator and served in the U.S. Army for 26 years in the active duty, Guard and Reserve components. Prior to joining Sikorsky in 2002, he spent 17 years with Textron's Bell Helicopter unit.

Pino became Sikorsky's president in 2006 after previously serving as the company's Senior Vice President for corporate strategy, marketing and commercial programs. During his years at Sikorsky, the company achieved significant growth, increased productivity and expanded margins, while continuing to invest in game-changing technology.

"Jeff Pino has done a remarkable job leading Sikorsky," Chenevert said. "Under his leadership, Sikorsky has become more competitive while doubling its production rates to become the world's largest helicopter manufacturer, and has expanded into new markets with the S-70i international version of the iconic BLACK HAWK helicopter.

"Jeff has positioned Sikorsky well for the future, overseeing the successful development of the CH-53K heavy-lift helicopter and Sikorsky's X2 technology, which was recognized with the 2010 Collier Trophy and is now being incorporated into the S-97 RAIDER," Chenevert said. "We congratulate Jeff on an outstanding career and wish him all the best in retirement."

United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries. For more information, visit www.utc.com.

UTC-IR

    Contact:                   John Moran
                               (860) 728-7062

SOURCE United Technologies Corp.

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