Judith F. Marks is the CEO of Otis Worldwide Corporation, a leader in the elevator and escalator industry, since March 2020. She has a B.S. in Electrical Engineering from the University of Michigan, which gives her a solid technical foundation...

Number of Employees

71K

Year

2023

Total Compensation

$4.63M

Salary

$1.37M

Board Justification

The compensation philosophy is designed to attract, retain, and motivate top talent while aligning executive compensation with company performance and shareholder interests.

Bonus

$0.00

Board Justification

No bonus was reported for 2023.

Other

$432.84K

Board Justification

Other compensation includes vehicle payments, contributions to deferred compensation plans, financial planning benefits, and health benefits.

Restricted Stock

$2.82M(115.35K SARs)

Board Justification

The stock options vested in 2023 were granted as part of the long-term incentive plan, with a total of 115,353 shares vested.

Performance Metrics

Performance metrics include adjusted EPS, free cash flow, organic sales growth, and new equipment orders growth.

SEC Filing

From April 5, 2024

Judith F. Marks

CEO of Otis Worldwide

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Education

B.S. in Electrical Engineering from the University of Michigan

Field of Expertise

Technology & Engineering - Engineering

Born

March 15, 1960 - 64 years ago

Is Founder?

No

Current Tenure

4 years 9 months (Mar 2020 - Present)

Previous Experience

Various leadership roles at United Technologies Corporation and Otis