Carrier Global

Carrier Global Corporation is a top global producer of healthy, safe, intelligent, and sustainable building and cold storage solutions. The company sells products under Carrier, Tempstar, Riello, Automated Logic, Carlyle, Bryant, BrokerBay, Marioff, GST, Autronica, Edwards, Carrier Transicold, Carrier Commercial Refrigeration, Carlyle, and other brand names.

About The Company

Carrier Global Corporation provides cutting-edge technology for heating, refrigeration, ventilation, fire, security, air conditioning, and building automation. Its three business divisions are refrigeration, fire & security, and heating, ventilation & air conditioning (HVAC). The company is headquartered in Florida, USA. Carrier was established in 1915 as a stand-alone business producing and distributing HVAC systems. Since then, the company has grown to include industrial refrigeration and food service systems as well as fire and security technologies. It had a market value of $18.6 billion in 2020 and employed more than 53,000 people to serve clients in 160 nations across six continents. United Technologies bought Carrier in 1979, but 41 years later, in 2020, Carrier was spun off as a separate company

History

Willis Haviland Carrier created the first contemporary air conditioning system on July 17, 1902. As a division of the Buffalo Forge Company, the Carrier Air Conditioner Company of America was established in 1908, with Willis Carrier serving as vice president. The Buffalo Forge Company, where Carrier had worked for 12 years, chose to focus only on manufacturing once World War I broke out in late 1914. As a result, Carrier and six other engineers combined their $32,600 to found the Carrier Engineering Corporation in 1915. In 1920, they bought their first facility in New Jersey. In the 1950s, the company that bears his name began marketing its air conditioners to the housing markets, which resulted in the development of huge suburbs in previously sparsely populated regions like the American Southwest. Air conditioning transformed American living by boosting industrial output during the summer. The widespread move to the Sunbelt was sparked by the 1920s development of domestic air conditioning. Carrier amalgamated with Affiliated Gas Equipment, Inc. in 1955. In 1979, United Technologies Corporation (UTC) acquired Carrier Corporation. Carrier Corporation was called the Carrier Air Conditioning Company before it was acquired by UTC. United Technologies declared on November 26, 2018, that it would separate UTC Climate, Controls & Security into Carrier Global Corporation, a standalone business.

Controversy

The sports stadium at Syracuse University was given the name Carrier Dome in 1980 when Mel Holm, the company’s then-CEO, donated $2.75 million to the project’s development. Despite being named after a company that makes air conditioners, the Carrier Dome didn’t have air conditioning for the first 40 years of its existence; that was only added during repairs that were finished in 2022. Despite having finally installed air conditioning, Syracuse University ended the permanent naming rights agreement for the dome with Carrier Global. JMA Wireless, a nearby wireless company, was instead given the stadium’s naming rights.

Founder – Willis Carrier

Engineer Willis Haviland Carrier is most known for developing the modern air conditioner. In 1902, Carrier created the first electric air conditioner. In 1915, Willis Carrier established Carrier Engineering Corporation. Currently, Carrier Corporation is the global leader in the production of HVAC systems and equipment for homes and businesses. As the business he created continues to develop and produce energy-efficient HVAC systems, Willis Carrier’s legacy endures.

CEO – David Gitlin

David Gitlin is the CEO and Chairman of Carrier Global. He served as the president and CEO of Collins Aerospace, before joining Carrier. Dave has a master’s degree in business administration from MIT’s Sloan School of Management and a bachelor’s degree from Cornell University.