UTC said Wednesday Hayes, who has worked with UTC for nearly 30 years, will hold the chairman, president and CEO positions concurrently.
“Greg Hayes has demonstrated strong performance in leading the company,” said Kangas.
“He has streamlined our business portfolio, optimized our organization and positioned the company for sustained long-term growth.”
Hayes served as a senior vice president and chief financial officer of UTC before he assumed the president and CEO roles as well as joined the board as a member in November 2014.
Kangas, formerly the non-executive chairman at UTC, will remain on the board as the independent lead director and chairman of the audit committee.