Carrier Global has appointed technology executive Neil Barua as an independent director, adding his software and connected-services expertise to the board. Barua, who leads PTC Inc. and previously ran ServiceMax and IPC Systems, will serve on the Compensation Committee and the Technology & Innovation Committee. The appointment comes as Carrier emphasizes digital offerings and AI-linked cooling solutions, with shares at $59.92, up 12% year to date but down 18.4% over the past 30 days. His background in industrial software and recurring revenue models is directly relevant to Carrier's focus on data center cooling and aftermarket services. Investors will watch how Barua's influence shapes product strategy, compensation incentives, and capital allocation amid ongoing earnings pressure, with second quarter 2026 net income at $501 million compared to $591 million a year earlier.
Carrier Global CorpAppointment of tech executive Neil Barua to board signals sharper focus on digital offerings and AI-linked cooling solutions.
PTC Inc