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otis elevator

Technology

Otis Elevator Co. hired a new finance chief as it gets ready to separate from industrial conglomerate United Technologies Corp. The Farmington, Conn.-based maker of elevators and escalators said Monday that Rahul Ghai is its new chief financial officer. Mr. Ghai joins from defense company Harris Corp. , which this year completed a combination with …

Technology

Otis Elevator Co. has come a long way from being an elevator pioneer in the 1850s. Today, the company’s elevators and escalators carry two billion people daily, and technology is driving sales and servicing of equipment. As high-rises keep growing taller, more connected and more efficient, there is increasing pressure on Otis and rival elevator …