Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

September 23, 2024

Otis Elevator names new CFO; will relocate from Switzerland to Farmington

Cristina Méndez
By Harriet Jones

The new chief financial officer at Farmington-based Otis Elevator, Cristina Méndez, will receive a base salary of $700,000, with an annual target incentive package of an additional $700,000, according to a new company filing with the U.S. Securities and Exchange Commission.

She has also been awarded company stock equal to $2.39 million, half of which will vest in early 2027. A further 25% was delivered in restricted stock units, with 25% in stock appreciation rights.

Méndez, who was previously based in Switzerland in her role as senior vice president of finance for Europe, the Middle East and Africa, also receives a relocation package to move to Otis’ headquarters in Farmington.

She joined Otis in 2022, after working as a finance executive in the telecommunications industry.

Méndez was appointed executive vice president and CFO Aug. 23, 2024, succeeding Anurag Maheshwari, who left Otis to join 3M.

Sign up for Enews

Most Recent

Most Recent

0 Comments

Order a PDF