Raytheon Technologies has appointed Michael Dumais as chief transformation officer to support the company’s business transformation initiatives, Raytheon Technologies reported on Tuesday. In his new position with the company, Dumais will report to Greg Hayes, CEO of Raytheon Technologies.
"We see clear opportunities to further harness efficiencies and reduce redundancies across our operations to meet the challenges and capture the opportunities in front of us," said Hayes. "In this new role, Mike will lead company-wide initiatives to drive top-line growth and bottom-line cost reductions to deliver optimal value to stakeholders."
As chief transformation officer, Dumais will work to accelerate Raytheon's strategic transformation initiatives. He will focus on company-wide technologies on key market opportunities and work to enable business processes and reduce cost.
Dumais has more than two decades of experience in business strategy and execution. He served as executive vice president of operations and strategy at United Technologies Corporation (UTC).
Dumais has assumed executive positions since joining UTC in 1998. He served as senior vice president for strategic planning. In addition, Dumais led the Power, Controls & Sensing Systems business segment at UTC Aerospace Systems.
Dumais also held a variety of leadership positions at UTC's Hamilton Sundstrand division, most notably as president. Prior to joining UTC, he served in various strategic business roles with Bain & Company.
"With a focus on optimizing commonality of processes and streamlining critical business drivers with digitization, I am excited by this opportunity to help the company fully leverage its depth, breadth and scale to enhance the value we can bring to all stakeholders," Dumais said.
Raytheon Technologies announced the successful completion of the $121 billion merger of equals transaction between Raytheon Company and UTC on April 3, 2020.