What United Technologies' CEO Retirement Means for Mutual Fund Investors (UTX)
Shauna O'Brien Nov 24, 2014
The company announced that Gregory J. Hayes will be replacing Louis R. Chenevert as president, CEO and director. Hayes has been with United Technologies for 25 years and has served as the company’s CFO and senior vice president for the last six years.
Edward Kangas will become the company’s non-executive chairman of the board.
The company reported that it expects to see FY2014 earnings between $6.75 and $6.85 per share – while analysts expect see earnings of $6.88 per share.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market Index||1.58%|
|VFINX||Vanguard 500 Index||0.98%|
The Bottom Line
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