Summary
Raytheon Technologies Corporation (RTX) filed an 8-K on February 14, 2022, primarily announcing a significant executive leadership change. Christopher T. Calio has been appointed as the new Chief Operating Officer (COO), effective March 1, 2022. In this role, Mr. Calio will have broad oversight of the Company's four business units, along with key corporate functions including technology, engineering, enterprise services, digital, operations, quality, EHS, and supply chain. This appointment reflects a strategic move by RTX to leverage experienced internal talent for a critical operational leadership role. Mr. Calio brings extensive experience within the company, having most recently served as President of Pratt & Whitney. His compensation has been adjusted to reflect the increased responsibilities, including a higher base salary, incentive target, and a substantial long-term incentive award. This filing signals a focus on operational integration and leadership continuity as RTX navigates its business segments.
Key Highlights
- 1Christopher T. Calio appointed Chief Operating Officer (COO) effective March 1, 2022.
- 2Mr. Calio will oversee all four of RTX's business units and key corporate functions.
- 3Calio's prior role was President of Pratt & Whitney.
- 4Compensation adjustments for Mr. Calio include an increased base salary, higher annual incentive target, and a significant long-term incentive award.
- 5The company issued a press release on February 14, 2022, announcing the appointment and Mr. Calio's successor at Pratt & Whitney.