Overview

Akhil Johri served as Executive Vice President and Chief Financial Officer of United Technologies Corporation (UTC) from 2015 to 2020; overseeing the finances of one of the world's largest aerospace and defense conglomerates during a period of massive consolidation. Born in India; Johri earned an MBA from Carnegie Mellon and rose through UTC's ranks after joining in 2007. He was the key financial architect of UTC's transformative merger with Raytheon Company in 2020; creating Raytheon Technologies (later RTX Corporation); a $74 billion defense behemoth and one of the five largest defense contractors in the world. Critics argued the merger concentrated too much defense contracting power and reduced competition for Pentagon contracts; potentially raising costs for taxpayers. During Johri's tenure as CFO; UTC subsidiaries faced significant legal and regulatory issues. Pratt & Whitney; UTC's jet engine division; was involved in a long-running dispute with the U.S. government over defective F135 engines for the F-35 Joint Strike Fighter program; the most expensive weapons system in history. UTC Aerospace Systems paid $55 million in 2012 to settle DOJ allegations of providing defective helicopter parts to the U.S. military. UTC also disclosed internal investigations into potential Foreign Corrupt Practices Act violations related to overseas operations. Johri managed UTC's finances through the divestiture of Otis Elevator and Carrier; separating them into independent public companies while simultaneously merging UTC's aerospace and defense businesses with Raytheon. He departed following the completion of the Raytheon merger in April 2020.

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