Judy Marks is chair, CEO and president of Otis Worldwide Corp., the global manufacturer, installer and servicer of elevators and escalators. She joined Otis in 2017 as president, was named CEO in 2019 and in 2020 led the company’s separation from United Technologies Corp., establishing Otis as an independent, publicly traded company on the New York Stock Exchange.
She became chair in 2022.
Marks has more than four decades of leadership experience across industrial and technology sectors. Before joining Otis, she held senior roles at IBM, Lockheed Martin and Siemens AG, where she served as CEO of Siemens USA and Dresser-Rand.
Check out the other 2026 Power Players
Marks has pushed Otis to expand its digital capabilities. The company is investing in connected elevator platforms, IoT-enabled predictive maintenance and AI-based dispatching systems to improve performance, safety and reliability in increasingly complex buildings. Otis operates in more than 200 countries and territories, services over 2.5 million units and employs approximately 72,000 people worldwide.
The company reported $14.4 billion in revenue in 2025 and net income of about $1.38 billion. The company’s business model is increasingly driven by its service segment — including maintenance, repair and modernization of elevators — which generated more than $9.4 billion in sales in 2025.
Marks also serves on the boards of Caterpillar Inc., AdvanceCT, the Business Roundtable and the U.S.-China Business Council.