Stock exchange

Carrier becomes independent company

Global manufacturing company Carrier has completed its separation from United Technologies (UTC) and is now an independent, publicly traded company on the New York Stock Exchange.

The company was established in 1915 by Willis Carrier and is an international provider of air conditioning, refrigeration, heating and ventilation technologies.

It was purchased by UTC in 1979, and currently has around 53,000 employees in 170 countries.

Carrier President and CEO Dave Gitlin says that despite the recent global uncertainty, Carrier and its employees remain focused and continue to solve critical challenges.

“Today, as a standalone company, we have defined our own strategy, vision, culture and priorities,” he says.

Gitlin also notes that, as an independent company, Carrier will have greater focus and enhanced agility based on its own distinct operating priorities and strategies for long-term growth and profitability.

This will include strengthening and growing its core businesses, extending its product range and geographical coverage, and expanding service and digital offerings.

“We have an unmatched legacy and look forward to delivering sustainable long-term growth to our share owners and other stakeholders,” Gitlin says.

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