An announcement from Otis Worldwide ( (OTIS) ) is now available.
Otis Worldwide Corporation has finalized an employment agreement with Cristina Méndez, affirming her role as Executive Vice President and Chief Financial Officer with a base salary of $770,000 and a range of incentives, including a prorated short-term incentive and a $2,390,000 long-term incentive plan award. Méndez’s compensation includes performance-based share units, restricted stock units, and stock appreciation rights. Additionally, her international assignment to Connecticut comes with comprehensive benefits, a relocation allowance, and housing support. Méndez is also protected by severance plans and bound by noncompetition and nonsolicitation covenants post-employment.
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