Otis Worldwide names Cristina Méndez CFO, succeeding Anurag Maheshwari on August 23
Otis Worldwide's CFO Anurag Maheshwari is resigning effective August 23, 2024, to pursue external opportunities, and the company has appointed Cristina Méndez, currently Senior Vice President, Finance EMEA & Transformation, as Executive Vice President and CFO effective the same date. The filing says Maheshwari's departure was not the result of any dispute or disagreement, and it provides a transition period through late August; the change puts a new finance chief in charge ahead of the company's July 24 second quarter earnings release.
- Anurag Maheshwari resigns as EVP and CFO effective August 23, 2024, to pursue external opportunities
- Cristina Méndez, 44, appointed EVP and CFO effective August 23, 2024; she has worked at Otis since February 2022
- Méndez's base salary rises to $770,000 with a 100% annual short-term incentive target
- Supplemental 2024 long-term incentive award with an aggregate target value of $2,390,000