The chairman and chief executive officer of Hartford-based United Technologies Corporation has retired, effective immediately, according to a statement on the company’s Web site.
Louis R. Chenevert served as UTC’s CEO since 2008, according to Business Week. Prior to that, he served as the company’s president and COO.
Fifty-four-year-old Gregory J. Hayes, a 25-year veteran of UTC, will take over as president, CEO and director.
He has been serving as the company’s senior vice president and chief financial officer for the last six years.
Chenevert took over as chairman after George David retired in 2010.
"I am honored by the Board's selection and I am excited to be leading this terrific company," Hayes said in a statement. "Our focus will remain on creating innovative products and solutions for our global customers and delivering best-in-class returns for our shareowners, all supported by our highly skilled and talented workforce."
United Technologies is a high-technology products and services company focused on the building and aerospace industries.
