United Tech­nolo­gies ap­points Robert Le­duc as new pres­i­dent of Siko­rsky

The China Post - - BUSINESS -

United Tech­nolo­gies is shuf­fling the lead­er­ship at Siko­rsky Air­craft, less than a month af­ter an­nounc­ing it may spin off the he­li­copter­mak­ing sub­sidiary.

UTC on Thurs­day ap­pointed Robert Le­duc as pres­i­dent of Siko­rsky, mov­ing pre­de­ces­sor Mick Mau­rer to the newly cre­ated role of UTC se­nior vice pres­i­dent of strate­gic projects.

Siko­rsky man­u­fac­tures the Black Hawk and Sea­hawk he­li­copters for the mil­i­tary, the pres­i­dent’s Marine One and com­mer­cial he­li­copters.

Le­duc, 59, had re­tired in 2014 af­ter a 35-year ca­reer at UTC, where he served in sev­eral lead­er­ship po­si­tions, head­ing up the large com­mer­cial en­gines busi­ness at jet-en­gine maker Pratt & Whit­ney, as well as the Boe­ing pro­grams and the space sys­tems busi­ness at Hamil­ton Sund­strand.

“Across the aerospace in­dus­try, Bob is rec­og­nized as a proven leader, and he has the vi­sion and ex­pe­ri­ence nec­es­sary to lead Siko­rsky to­day and as its fu­ture chief ex­ec­u­tive of­fi­cer, should Siko­rsky be spun off,” Gre­gory Hayes, UTC’s pres­i­dent and chief ex­ec­u­tive of­fi­cer said in a re­lease.

Mau­rer’s new job will in­clude pro­vid­ing UTC with a “unique per­spec­tive and in­sight as we com­plete our strate­gic re­view and de­ter­mine the best way to en­hance Siko­rsky’s long-term suc­cess and cre­ate im­proved value for UTC’s cus­tomers and share­hold­ers,” Hayes said.

Siko­rsky has a siz­able stake in mil­i­tary sales with its work­horse Black Hawk, but the U.S. draw­downs in Afghanistan and Iraq have had a fi­nan­cial im­pact.

Rev­enue of US$ 7.45 bil­lion last year was up 19 per­cent from 2013, but op­er­at­ing profit fell and Siko­rsky’s profit mar­gin was the small­est of United Tech­nolo­gies’ seg­ments.

Siko­rsky has about 8,000 em­ploy­ees at its Stratford head­quar­ters and plant. The com­pany dates back to 1929 when founder Igor Siko­rsky pur­chased land in Stratford.

Shares of United Tech­nolo­gies rose US$1.32, or 1.1 per­cent, to US$117.24 in af­ter­noon trad­ing. Its shares are down more than 2 per­cent over the past year.

Newspapers in English

Newspapers from Taiwan

© PressReader. All rights reserved.