Report: Neil Mitchill Named UTC Acting CFO Ahead of Raytheon Merger

Jeff Brody
Neil Mitchill

Neil Mitchill, vice president and chief financial officer of United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary, has been appointed to serve as UTC CFO on an acting basis, the Wall Street Journal reported Tuesday.

He will succeed the outgoing Akhil Johri, who is due to step down by Nov. 1, and oversee the conglomerate's financial operations until the closing of its planned merger with Raytheon (NYSE: RTN). Both firms expect to close the transaction in the first half of 2020.

Raytheon announced last month its CFO Anthony O’Brien will assume the same position at the combined company. 

Analysts said that Mitchill's role as interim finance chief of UTC could give him the opportunity to take a full-time, postmerger executive role, according to WSJ. The report added he could play a role in the Carrier Global and Otis Elevator spinoff initiatives.

Mitchill previously served as VP for global financial services, corporate VP and controller at the Framington, Conn.-based company. He was also a partner at PwC earlier in his career.

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