8-KLeadership Changes

CARRIER GLOBAL Corp 8-K Report, Executive Changes (Apr 17, 2025)

Filed April 17, 2025For Securities:CARR

Summary

Carrier Global Corporation (CARR) has filed an 8-K report announcing the resignation of Kyle Crockett, Vice President, Controller, and Chief Accounting Officer, effective around May 2, 2025. The company states that Mr. Crockett's departure is for personal reasons and is not linked to any disagreements regarding financial matters. This change in a key financial reporting role may introduce a short-term period of adjustment for investors monitoring internal controls and financial reporting accuracy. To ensure continuity during the search for a permanent replacement, Patrick Goris, the current Senior Vice President and Chief Financial Officer, will serve as interim Controller starting May 2, 2025. Mr. Goris brings significant financial leadership experience, having held his current role since November 2020 and previously serving as CFO at Rockwell Automation. Investors should note that while Mr. Goris's interim role is a prudent measure, the eventual appointment of a permanent Controller will be a significant development to watch for.

Key Highlights

  • 1Resignation of Kyle Crockett, Vice President, Controller, and Chief Accounting Officer, effective on or about May 2, 2025.
  • 2Mr. Crockett's resignation is stated to be for personal reasons and not due to any disagreements concerning financial statements or reporting.
  • 3Patrick Goris, Senior Vice President and Chief Financial Officer, will assume the role of interim Controller from May 2, 2025.
  • 4A search for a permanent replacement for the Controller position is underway.
  • 5Mr. Goris has extensive experience as CFO of Rockwell Automation prior to his current role at Carrier.
  • 6No immediate financial restatements or material weaknesses in internal controls have been indicated in relation to this departure.

Frequently Asked Questions

The report states that Kyle Crockett is resigning to pursue another opportunity for personal reasons and that his decision was not a result of any disagreement with the Company on matters relating to financial statements, internal control over financial reporting, operations, policies, or practices.

Patrick Goris, the Senior Vice President and Chief Financial Officer, will serve as the interim Controller effective May 2, 2025, while the company conducts a search for a permanent replacement.

The filing explicitly states that the resignation is not due to any disagreements regarding the Company's financial statements or internal control over financial reporting. This suggests that, as of the filing date, there are no indications of immediate problems stemming directly from this executive change.

Kyle Crockett's last day is expected to be on or about May 2, 2025. Patrick Goris will become interim Controller effective May 2, 2025.