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    David Gitlin

    Chairman and Chief Executive Officer at Carrier Global Corp
    Board
    Since June 2019
    Age
    55 years
    Tenure
    Joined Carrier Global Corporation in June 2019 as President and CEO and advanced to Chairman in April 2021, reflecting a rapid progression in leadership roles.

    Also at Carrier Global Corp

    AA
    Ajay Agrawal
    Senior Vice President, Global Services and Healthy Buildings
    FC
    Francesca Campbell
    Senior Vice President and Chief Legal Officer
    GP
    Gaurang Pandya
    President, HVAC Americas and Commercial HVAC EMEA

    About

    David Gitlin serves as the driving force behind Carrier Global Corporation, leading the company during a significant period of transformation following its spinoff from UTC. His extensive career spans over two decades at UTC where he held several key leadership roles that laid the foundation for his strategic vision and operational excellence at Carrier.

    Throughout his tenure, Gitlin has been recognized for steering the company through complex portfolio transformations, including major acquisitions and divestitures that have positioned Carrier as a leader in intelligent climate and energy solutions. His experience in aerospace and industrial manufacturing has contributed significantly to his effective leadership and decision-making.

    In addition to his executive roles, Gitlin also holds a board position at The Boeing Company, reinforcing his influence across the aerospace and industrial sectors. Despite the absence of detailed personal educational background, his career accomplishments and commitment to innovation underscore a professional legacy built on strong operational, strategic, and leadership capabilities.

    $CARR Performance Under David Gitlin

    Past Roles

    Organization CitationRole CitationDate Range CitationDetails Citation
    Carrier Global Corporation (CARR) President and Chief Executive Officer June 2019 Held role prior to current position
    Carrier Global Corporation (CARR) President, HVAC December 2019 to March 2020 N/A
    United Technologies Corporation (UTC) President & Chief Operating Officer, Collins Aerospace Systems 2018–2019 N/A
    United Technologies Corporation (UTC) President, UTC Aerospace Systems 2015–2018 N/A
    United Technologies Corporation (UTC) President, Aircraft Systems, UTC Aerospace Systems 2013–2015 N/A
    United Technologies Corporation (UTC) President, Aerospace Customers & Business Development, Hamilton Sundstrand N/A N/A
    United Technologies Corporation (UTC) President, Auxiliary Power, Engine & Control Systems, Hamilton Sundstrand N/A N/A
    United Technologies Corporation (UTC) Vice President & General Manager, Power Systems, Hamilton Sundstrand N/A N/A
    United Technologies Corporation (UTC) Vice President, Pratt & Whitney Programs, Hamilton Sundstrand N/A N/A
    United Technologies Corporation (UTC) General Manager, Rolls-Royce/General Electric Programs, Hamilton Sundstrand N/A N/A
    United Technologies Corporation (UTC) Various positions at UTC headquarters and Pratt & Whitney N/A N/A

    External Roles

    Organization Role Date Range Details
    The Boeing Company Director Since 2022 Active board position

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,500,000 Annual (as of December 31, 2024) Fixed cash compensation
    All Other Compensation$926,134 AnnualIncludes: Personal Use of Corporate Aircraft ($175,318 ), Insurance Premiums ($115,692 ), Company Contributions to 401(k) Plans ($27,067 ), Nonqualified Retirement Contributions ($550,439 ), Financial Planning ($18,375 ), Health Benefits ($36,997 ), Miscellaneous ($2,246 ); Tax Preparation Payments not provided.

    Performance Compensation

    Data from  FY 2024

    Non-Equity Incentive Plan Compensation

    MetricThresholdTargetMaximumEvaluation PeriodVesting/Payment ScheduleAdditional Details
    Annual Bonus Payout$438,375 $2,625,000 $5,250,000 AnnualCash payout at year-end based on performanceBonus target equals 175% of base salary. Metrics include Adjusted Operating Profit, Sales, and Free Cash Flow.

    Supplemental Equity Awards

    ComponentPerformance MetricThresholdTargetMaximumVesting ScheduleAdditional Details
    PSUsEPS CAGR$3.22 EPS / 13.5% $3.60 EPS / 17.8% $3.95 EPS / 21.5% Vests in 3 equal annual installments on January 30, 2027, 2028, and 2029 Grant Date: January 30, 2024 ; Grant Date Fair Value: $23,844,580 ; Forfeited if performance goals not met.
    SARsStock Price Appreciation (in context of Relative TSR)*N/AN/AN/ACliff vesting on January 30, 2029 after a 10-year term Grant Date: January 30, 2024 ; Grant Date Fair Value: $25,120,805 ; Value delivered if stock price exceeds $56.33.

    *Note: SARs under the Supplemental Equity Awards and Option Awards both reference performance based on stock price appreciation.

    Option Awards

    MetricDetailsEvaluation/ConditionsAdditional Details
    SARs (Option Awards)Cash-settled options based on stock price movementMeasured on Relative TSR; cliff vesting on the fifth anniversary Grant Date: January 30, 2024 ; Grant Date Fair Value: $29,602,373 ; Exercise Price: $56.33.