Otis generates about 45% of its revenue from sales of new elevators, while maintenance services account for 55% of its turnover. "Otis Names New CFO as It Preps for Separation From United Technologies," at 2045 GMT on Monday, misstated these figures in the ninth paragraph. Otis generates about 45% of its revenue from sales of new elevators, not 60%, while maintenance services account for 55% of its turnover, not 40%.

(END) Dow Jones Newswires

September 17, 2019 06:10 ET (10:10 GMT)

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