News: Raytheon Technologies appoints new CFO


Raytheon Technologies appoints new CFO

Neil Mitchill, formerly Chief Financial Officer of United Technologies Corporation before its merger with Raytheon Company to form Raytheon Technologies, will take the helm of the finance team once again.
Raytheon Technologies appoints new CFO

Aerospace and defense giant Raytheon Technologies announced late last week that Neil Mitchill has been appointed Chief Financial Officer, taking over from Anthony O'Brien who stepped down earlier this month. He will serve as a member of the senior leadership team and direct the company's financial strategy and its global finance team.

Mitchill has been with Raytheon Technologies in one form or another for seven years. He was originally with United Technologies Corporation, serving in senior finance roles, then appointed Chief Financial Officer of Pratt & Whitney, a major subsidiary of UTC. In 2019 he was named Chief Financial Officer of United Technologies Corporation and worked on UTC's merger with Raytheon Company to form Raytheon Technologies in April 2020. He was then appointed Corporate Vice President, Financial Planning & Analysis and Investor Relations for Raytheon Technologies. The role of the new entity's CFO went to O'Brien, who had been CFO of Raytheon Company.

Prior to joining UTC, Mitchill was a partner at PricewaterhouseCoopers LLP, where he was the Hartford Products & Services Assurance Leader, providing assurance and business advisory services for global, industrial products companies.

Greg Hayes, Chief Executive Officer of Raytheon Technologies, said of Mitchill's appointment: "Neil is a proven leader who successfully guided our Finance team through the merger. He has been instrumental in overseeing our capital allocation strategy, which enabled us to exceed our cash savings target as well as our merger-related synergy expectations for 2020. I know he will continue to deliver significant value to the organization given his experience across our global businesses. I look forward to his partnership as we continue to execute on our strategic priorities and deliver long-term value for shareholders."

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Topics: C-Suite

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