Otis Appoints Cristina Méndez Executive Vice President & Chief Financial Officer
Otis Worldwide (NYSE: OTIS) has appointed Cristina Méndez as Executive Vice President & Chief Financial Officer, effective August 23, 2024. Méndez, currently Senior VP of Finance EMEA & Transformation, will succeed Anurag Maheshwari, who is leaving Otis. She brings extensive experience in financial management and transformation, having previously held senior roles at Telefonica Group.
CEO Judy Marks praised Méndez's expertise and understanding of Otis' strategy. The company, a global leader in elevator and escalator services, moves 2.3 billion people daily and maintains about 2.3 million customer units worldwide. Otis plans to release its Q2 earnings on July 24, with both Maheshwari and Méndez joining Marks on the call.
- Appointment of experienced CFO with deep expertise in financial management and transformation
- New CFO has strong understanding of Otis' long-term strategy and service-driven business model
- Smooth transition planned with outgoing CFO staying until late August
- Company maintains industry's largest Service portfolio with 2.3 million customer units worldwide
- Departure of current CFO Anurag Maheshwari, who played a vital role in advancing the company's strategy
She succeeds Anurag Maheshwari to lead financial activities at Otis
"Cristina has deep expertise in financial management and extensive experience leading transformation within and outside Otis. She understands our long-term strategy and service-driven business model and how to drive growth and shareholder value," said Marks. "As a strategic business partner, she has successfully led our finance teams through change with solid results in our diverse Europe Middle East and
Méndez currently serves as Senior Vice President, Finance EMEA & Transformation, with a strong focus on FP&A, M&A and transformation activities. Before joining Otis in 2022, she served as a senior Finance executive in the global telecommunications industry for more than 15 years. She spent a majority of her career at the Telefonica Group, where she was responsible for both strategic and financial planning in several different roles, including Senior Vice President, Director Controlling of Telefonica Deutschland, where she had responsibility for a multi-billion-dollar P&L while leading growth, efficiency and transformation projects.
"We are grateful for Anurag's service and his many contributions to Otis. He played a vital role in advancing our Service-driven business strategy and ensuring the continued growth of our Service portfolio as well as initiating global programs to deliver modernization value. Anurag will work closely on a transition with Cristina through late-August. We wish him well in his new endeavors," added Marks.
Otis plans to release its second quarter earnings on July 24. Both Anurag Maheshwari and Cristina Méndez will join Judy Marks on the earnings call to discuss the company's results and financial outlook.
About Otis
Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.3 billion people a day and maintain approximately 2.3 million customer units worldwide, the industry's largest Service portfolio. Headquartered in
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SOURCE Otis Worldwide Corporation
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