Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

UTC technology chief Paul Eremenko steps down

Published 18/09/2019, 18:55
UTC technology chief Paul Eremenko steps down
AIR
-
GOOGL
-
RTN
-
RTX
-
GOOG
-

(Reuters) - The chief technology officer of United Technologies Corp (N:UTX), Paul Eremenko, has stepped down, just under two years after moving to the U.S. conglomerate from Europe's Airbus (PA:AIR).

The company confirmed the move in response to a query from Reuters after a person familiar with the matter said Eremenko was leaving UTC, the world's largest aerospace supplier and owner of jet engine maker Pratt & Whitney.

"Paul Eremenko has informed us of his intention to pursue opportunities outside the company," UTC spokeswoman Michele Quintaglie said by email.

Eremenko notified the company on Tuesday and his departure is effective immediately, she said.

He could not be reached immediately for comment.

As CTO, Eremenko led UTC’s technology and engineering business, Quintaglie said. Nicolas Pujet, part of UTC’s strategy team, will be interim leader of technology and engineering as UTC prepares for a merger with defence giant Raytheon (N:RTN), expected to close next year.

Former Google (NASDAQ:GOOGL) executive Eremenko has taken a public role in efforts by aerospace groups to import radical thinking from Silicon Valley, as digital technology reshapes the industry.

At the Paris Airshow in June, Eremenko unveiled an initiative dubbed "Project 804" to build a hybrid-electric turboprop demonstrator aimed at saving 30% of fuel consumption.

Eremenko served as chief technology officer of Airbus between June 2016 and November 2017, when he quit to join UTC.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.