Carrier's new CFO arrives from Walgreens Boots Alliance

Dive Brief:

Timothy McLevish will step in next month as CFO of Carrier, a global provider of HVAC, refrigeration, fire and security solutions, the company said Friday.
McLevish has a lengthy track record of service as finance chief at public companies, most recently at Walgreens Boots Alliance, Kraft, Ingersoll-Rand and Mead Corp. McLevish's experience with public companies will "help lead Carrier into its future as it prepares to become a public company after completing its separation from United Technologies Corp., expected in the first half of 2020," the company said.
"We are tremendously excited to welcome Tim to the Carrier team," Carrier President and CEO David Gitlin said. "We are deeply confident that he will help Carrier achieve our financial goals and position us to deliver strong value and growth for our shareholders."

Dive Insight:

"Carrier is an iconic company with a winning team and a great culture. I’ve followed the company for a long time, and I’m excited to join the team at this important time.” McLevish conveyed to CFO Dive via email.

McLevish joins Carrier from his role as senior adviser to the CEO of Walgreens Boots Alliance, where he focused on executing strategic partnerships and mergers and acquisitions, the company said.

He has nearly 30 years of broader finance leadership experience, including in the spinoff and startup space, and on the board at public companies, where his title ranged from executive chairman to committee chair.

"I've long admired Carrier as an innovative company taking on some of the world's toughest challenges," McLevish said. "I'm looking forward to joining the team and playing an active role [in] executing our strategy and delivering long-term, sustainable growth."

Among McLevish's former employers, Carrier most resembles Ingersoll-Rand, the diversified industrial manufacturing company.

Carrier announced its spinoff from United Technologies Corp. in November. UTC now operates autonomously in the defense and aerospace industries, while Carrier will continue to pursue its own portfolio of brands, including Carrier commercial and residential HVAC, Automated Logic controls, Kidde and Edwards fire safety, and LenelS2 security solutions, UTC said in a release.