David Gitlin

Chairman and Chief Executive Officer at CARRIER GLOBAL

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

Ajay Agrawal

Senior Vice President, Global Services and Healthy Buildings

Francesca Campbell

Senior Vice President and Chief Legal Officer

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 Citation	Role Citation	Date Range Citation	Details 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 Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,500,000	Annual (as of December 31, 2024)	Fixed cash compensation
All Other Compensation	$926,134	Annual	Includes: 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

Metric	Threshold	Target	Maximum	Evaluation Period	Vesting/Payment Schedule	Additional Details
Annual Bonus Payout	$438,375	$2,625,000	$5,250,000	Annual	Cash payout at year-end based on performance	Bonus target equals 175% of base salary. Metrics include Adjusted Operating Profit, Sales, and Free Cash Flow.

Supplemental Equity Awards

Component	Performance Metric	Threshold	Target	Maximum	Vesting Schedule	Additional Details
PSUs	EPS 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.
SARs	Stock Price Appreciation (in context of Relative TSR)*	N/A	N/A	N/A	Cliff 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

Metric	Details	Evaluation/Conditions	Additional Details
SARs (Option Awards)	Cash-settled options based on stock price movement	Measured 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.