United Technologies<br />Corp. today announced the election of Gregory J. Hayes as the<br />corporation's Senior Vice President and Chief Financial Officer, effective<br />immediately.<br />    Hayes, 47, will have global responsibility for UTC's Finance function. UTC<br />business unit chief financial officers will report functionally to Hayes.<br />Hayes also will direct communications and interactions with UTC's Board of<br />Directors, Audit Committee and the broader investor community. He will<br />continue to report to UTC President and Chief Executive Officer Louis<br />Chenevert.<br />    "Greg's strong performance, particularly over the last four years in the<br />office of the CFO, has consistently demonstrated that he is exceptionally<br />qualified to lead UTC's Finance function," Chenevert said. "He has become<br />widely known and well regarded by Wall Street and our shareholder communities.<br />I know he will continue to be a strong leader and an influential voice in<br />setting UTC and business unit strategy and direction."<br />    Hayes came to UTC through the 1999 merger with Sundstrand Corp., where he<br />served as Vice President, Finance, for Sundstrand Aerospace. He then became<br />Vice President, Financial Planning & Analysis, for Hamilton Sundstrand. In<br />2003, he was named UTC Vice President and Controller, and in 2004 was<br />appointed to the office of the CFO as UTC Vice President, Accounting and<br />Controls. In 2006, his responsibilities were broadened to include Investor<br />Relations. Hayes earned a bachelor's degree in economics from Purdue<br />University in 1982 and is a Certified Public Accountant.<br />    "I am delighted to name Greg UTC's SVP and CFO. This is the right next<br />step for UTC and for Greg. I have worked closely with Greg over the past<br />several years and he has provided tremendous support to me as I've assumed the<br />UTC President and CEO role," added Chenevert.<br />    United Technologies Corp., based in Hartford, Connecticut, is a<br />diversified company that provides a broad range of high technology products<br />and support services to the building systems and aerospace industries.