First named Otis Worldwide’s CEO in June 2019, Judy Marks is the only woman to lead one of the 20 largest publicly traded companies headquartered in Connecticut. She joined the company as president in 2017, and has a degree in electrical engineering from Lehigh University.
As CEO of the Farmington-based elevator manufacturer, Marks helped lead Otis’ 2020 spin-off from parent company United Technologies Corp. (now RTX Corp.) into an independent publicly traded company on the New York Stock Exchange.
Otis makes and maintains elevators, escalators and moving walkways that are sold globally. Otis Worldwide reported $14.2 billion in net sales in 2023, up nearly 4% from a year earlier, and $1.4 billion in profits, up 12.2% from 2022.
As of Dec. 31, Otis said it had 71,000 employees, with the majority (44%) in Asia and 23% in the Americas.
Prior to joining Otis, Marks held senior leadership roles at several global businesses including IBM, Lockheed Martin and Siemens AG.
Marks is on Otis’ board of directors and serves on the boards of manufacturer Caterpillar Inc. and AdvanceCT, the state’s nonprofit business recruitment arm. She is also a member of the Business Roundtable and chairs its trade and international committee. Marks is also a member of the U.S.-India CEO Forum.