Bloomberg Talks Carrier Global Chairman/CEO Dave Gitlin Talks Company Growth
May 19, 2025
Dave Gitlin, Chairman and CEO of Carrier, a leading company in HVAC solutions, discusses ambitious growth targets of 6%-8% organic sales. He delves into the booming demand for innovative cooling solutions in the data center industry, particularly in the Middle East. Gitlin also highlights a significant workforce expansion plan that will create 4,000 jobs, emphasizing the importance of training and technical roles. The conversation touches on the company's commitment to sustainability and strategic partnerships for workforce development in a competitive labor market.
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Carrier Growth Strategy Unveiled
- Carrier aims for 6-8% annual organic sales growth using a three-prong strategy.
- Growth comes from product share gains, aftermarket double-digit expansion, and new systems offerings.
Quantum Leap in Data Center Cooling
- Data center cooling demand is surging, requiring many more chillers than typical buildings.
- Carrier's unique Quantum Leap system integrates traditional and liquid cooling with building and server management.
Carrier Expands Middle East Presence
- Data centers grow unevenly with hyperscalers strong but colocation rising in Europe and China.
- Carrier actively supports data center growth in Middle East, including UAE and Saudi Arabia.