On March 11, 2020, in connection with separation of UTC into three independent, publicly-traded companies, UTC, which will combine with Raytheon in the Merger; Otis Worldwide Corporation and Carrier Global Corporation, John V. Faraci and Jean-Pierre Garnier, current directors of UTC, were appointed to serve on the Carrier Board of Directors, in each case effective as of immediately prior to the effective time of, and contingent upon, the applicable Distribution.