Former CEO of UTC questioned by directors on decreasing involvement: WSJFlie photo of Louis Chenevert, then Chairman and CEO of United Technologies Corporation (UTC), remarking about the new Sikorsky Aircraft S-97 RAIDER helicopter during its unveiling ceremony at Sikorsky Aircraft in Jupiter, Florida October 2, 2014. There were concerns among senior managers and directors of the diversified U.S. manufacturer about Chenevert's disconnect from the company and increasing focus on his private life, the Journal reported. (http://on.wsj.com/1A2hT1g)Edward Kangas, United Technologies' lead independent director, spoke to Chenevert on matters regarding the former CEO's priorities and his decreasing involvement, according to the Journal. Greg Hayes, a 25-year company veteran who has served as United Tech's chief financial officer the past six years, has taken over as CEO. Representatives for United Technologies Corp were not immediately available for comment.

Source: Wall Street Journal June 21, 2024 20:38 UTC