How Carrier IT built a new culture (during a spinoff and a pandemic)

In late 2018, it was announced that Carrier would spin off from United Technologies Corporation (UTC) into an independent, publicly traded company. Carrier, a leading provider of HVAC and refrigeration systems, building controls and automation, and fire and security systems, started trading publicly on the NYSE on April 4, 2020. Transition service agreements (TSAs) with UTC were established in April 2020 and Carrier’s digital organization had just 12 months to fully exit and set up a new standalone business processes to operate independently. Joe Schulz, CIO of Carrier, was helping to lead the digital organization to ensure the transition was as smooth as possible.

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