HARTFORD, Conn. – United Technologies Corp. (NYSE: UTX) has appointed William M. Brown as Senior Vice President, Corporate Strategy & Development, to provide a comprehensive and fully integrated approach to acquisitions and other growth initiatives.
In his new position, Brown will lead UTC’s business development and strategy organization and will be responsible for executing acquisition activities and driving cross-business unit organic growth strategies, including expansion of UTC’s capabilities in emerging markets and overseeing UTC’s Integrated Building Solutions initiative.
“UTC has emerged from the recent economic downturn as a leaner and more focused company, and we are well positioned for strong growth,” said UTC Chairman & Chief Executive Officer Louis Chênevert. “As UTC Fire & Security president, Bill made significant contributions to UTC’s success and we look forward to his leadership on UTC’s acquisition and organic growth initiatives.”
Under Brown’s leadership, UTC Fire & Security completed over 40 acquisitions to improve product offerings and expand the company’s geographic reach, culminating in the 2010 acquisition of GE Security. Since Brown became its president in 2006, UTC Fire & Security grew sales from $4.2 billion to $6.5 billion while tripling operating profits and becoming a global leader in the fire safety and electronic security markets.
Succeeding Brown as President, UTC Fire & Security, is Scott Buckhout, who joined UTC in 2007 after 15 years of general management and strategy consulting experience at Honeywell and Booz Allen, respectively. Scott has held senior UTC Fire & Security management roles, including President of the Systems & Fire Fighting business in the Europe-Middle East-Africa region and most recently serving as President, Global Fire Products.
“Scott’s significant experience in Europe, coupled with his general management skills, and broad industry knowledge make him well qualified for this important UTC leadership position,” Chênevert said.
United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and building industries.