George David

For the Greek businessman, see George A. David.

George Alfred Lawrence David (born April 7, 1942 ^[1] ) is the former chairman and chief executive officer ^[2] of United Technologies Corporation.

Early life and career

David was born in Pennsylvania on 7 April 1942. His mother's name was Margaret; his father, Charles Wendell, was the director of libraries at the University of Pennsylvania and one of America's first Rhodes scholars. ^[3] David left home after he graduated from high school in 1962 and enrolled in Harvard University on a full scholarship. He received his B.A. from Harvard and M.B.A. from the University of Virginia's Darden Graduate School of Business Administration. ^[4] He worked for the Boston Consulting Group.

In 1975 David began working for Otis Elevator Co., ^[3] which was taken over by United Technologies Corp that same year. ^[5] He became Otis' president in 1986.

David was elected UTC’s president in 1992 and chief executive officer in 1994.

In 2007, his last full year as chief executive of UTC, David reaped $65 million in total compensation. ^[6]

Directorships

He is a board member of Citigroup, a member of The Business Council and the Business Roundtable, and Vice Chairman of the Peterson Institute for International Economics. He has served on the boards of the Graduate Business School at the University of Virginia, the National Minority Supplier Development Council, the U.S.-ASEAN Business Council, the Transatlantic Business Dialogue and the Wadsworth Atheneum Museum of Art.

Accolades

In 1999, the Russian Federation awarded David with the Order of Friendship for his contributions to that nation’s economy, particularly to its aerospace industry. In 2001, he received the Air Force Association's John R. Alison Award for contributions to national defense by an industrial leader. In 2002, France named him to its Legion of Honor.

In 2000, he was named as one of America's Most Powerful People by Forbes magazine; and CEO of the Year by Industry Week in 2003.

He was awarded "CEO of the Year 2005" by Chief Executive Magazine. ^[7]

Personal life

David married his high school sweetheart, adopted three children with her and divorced her thirty years later. ^[3]

In 2009, David divorced his second wife Marie Douglas-David, whom he had married in 2002. ^[8] She contested a $43 million postnuptial agreement and requested a settlement of approximately $100 million. ^{[9] [10]} Marie Douglas-David ended up with only $5 million. ^[11]

In July 2012, David married Wendy Touton, ^[12] within hours of his yachting victory in the 2012 Newport Bermuda Race. ^[13]

Sportsman

A member of the New York Yacht Club and the Royal Yacht Squadron, he is an avid yachtsman and racer actively campaigning his R/P 90 named Rambler ^[14] (formerly Alfa Romeo I, ex-Shockwave) in regattas around the world.

David then owned the Juan Kouyoumdjian-designed Rambler 100. The yacht capsized during the 2011 Fastnet race because her canting keel failed. ^[15] All crew, including David and Wendy Touton, were rescued.

In 2012 Rambler shattered the Newport to Bermuda Race record, shaving 14 hours off the previous fastest time recorded in the 635 mile race. ^[13]

In December 2014 David launched a shorter yacht, Rambler 88 which was again designed by Kouyoumdjian. ^[16]

References

1. "George David". Encyclopedia of World Biography. Advameg, Inc. 2005. Retrieved 2012-10-15.
2. "CEO George David Will Pass Top UTC Job To Successor" (Press release). The Hartford Courant. 2008-04-06. Archived from the original on 2008-04-09. Retrieved 2008-04-09.
3. Writer, BARBARA A. NAGY; Courant Staff (30 November 1998). "THRIVING ON CHALLENGE". courant.com. Retrieved 2019-10-07.
4. Morgan, Oliver (2002-07-27). "Mammon interview: George David, chief of United Technologies". The Observer. ISSN   0029-7712 . Retrieved 2019-10-07.
5. JOURNAL, J. Lynn LunsfordStaff Reporter of THE WALL STREET (2003-07-02). "United Technologies' Formula: A Powerful Lift From Elevators". Wall Street Journal. ISSN   0099-9660 . Retrieved 2019-10-07.
6. "CEO Banked $65 Million During 2007" (Press release). The Hartford Courant. 2008-02-23. Archived from the original on 2013-01-19. Retrieved 2008-02-25.
7. "2005 CEO of the Year Award: George David, United Technologies CEO". Archived from the original on 2009-11-03.
8. "Husband takes stand in $99M divorce trial". 15 July 2009.
9. "Old Sex Discussed in Detail at David Divorce Trial". 20 March 2009.
10. "Countess Seeks $100M In Divorce From Mogul". CBS News (Press release). 2008-03-19. Retrieved 2008-03-20.
11. "Now They Are Two David, Douglas-david 'Happy' Their Divorce Is Final". tribunedigital-thecourant. 18 July 2009.
12. "Former UTC Mogul George David Marries Wendy Touton, 'The Other Woman'". tribunedigital-thecourant. 30 July 2012.
13. "Rambler's Captain wins again with dockside wedding ceremony". 20 June 2012.
14. "Rambler". Archived from the original on 2009-03-30. Retrieved 2009-03-24.
15. Booth, Robert (16 August 2011). "Fastnet race crew linked arms to survive accident in Celtic Sea". The Guardian.
16. "Extraordinary boats: Rambler 88". April 2016.

• Appearances on C-SPAN

Business positions
Preceded by Robert F. Daniell	CEO of United Technologies Corporation April 18, 1994 – April 8, 2008	Succeeded by Louis R. Chênevert